Personal lender Bandhan Financial institution on Friday shared its enterprise replace for the three months ended June quarter and monetary yr 2022-23, the financial institution stated in a regulatory submitting.
The financial institution’s web revenue jumped 137% to ₹886.5 crore through the quarter below evaluate. The financial institution had posted a web lack of ₹373.1 crore within the year-ago quarter.
The Web Curiosity Earnings (NII) for the June quarter grew by 18.9% to ₹2,514.4 crore as in opposition to ₹2,114.0 crore within the corresponding quarter of the earlier yr.
Complete advances grew by 20.3% to ₹96,649.7 crore as on 30 June, 2022 in opposition to ₹80,357 crore for a similar quarter final yr.
The gross non-performing belongings (GNPA) as on 30 June, 2022 improved to 7.25% as in opposition to 8.18% as of 30 June, 2021.
Complete deposits within the April-June quarter elevated by 20.3% YOY, as in comparison with ₹77,336 crore in year-ago interval.
On Friday, Bandhan Financial institution shares closed 0.90% greater at ₹285.80 apiece on the NSE.
Different key highlights
– Mortgage portfolio (on e book + off e book + TLTRO + PTC) grew 20.3% YoY
– CASA grew 21.1% YoY; CASA ratio at 43.2% in opposition to 42.9% YoY
– Web NPAs as on June 30, 2022 improved to 1.92% in opposition to 3.29% as on June 30, 2021
– PCR % at 74.9% as on June 30, 2022 in opposition to 61.8% as on June 30, 2021
– Capital Adequacy Ratio (CRAR) at 19.4%; Tier I at 18.3% ; CRAR (together with revenue) at 20.4%
– NIM stands at 8.0%
– ROA & ROE (annualized) for Q1 FY 23 stands at 2.5% and 20% respectively.
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Supply: Live Mint