Bandhan Bank Limited - Key Highlights - Q3FY21

Key Highlights:

- Deposits grew 29.6% YoY and 7.7% QoQ.
- Loan portfolio (on book + off book+ TLTRO) grew 22.6% YoY
- CASA grew 62.0% YoY
- CASA ratio at 42.9% against 38.2% QoQ.
- Added 17 lakh customers during the quarter with total customer base at 2.25 crore as on December 31, 2020.
- GNPA as on December 31, 2020 at 1.1% against 1.9% as on December 31, 2019 and 1.5% on March 31, 2020.
- Net NPAs as on December 31, 2020 at 0.3% against 0.8% as on December 31, 2019 and 0.6% as on March 31, 2020.
- Capital Adequacy Ratio (CRAR) at 26.2%; Tier I at 21.4% and after taking profits, it stands 29.2%.
- During the quarter the Bank has taken accelerated additional provision on standard advances amounting to ₹1,000 crore. With this provision and additional Standard Assets provision that Bank is carrying in Micro banking portfolio total additional provision in books stands at ₹3,119 crore.

Highlights for the Quarter ended December 31, 2020:

- Net Interest Income (NII) for the quarter grew by 34.5% to ₹2,071.7 crore as against ₹1,540.3 crore in the corresponding quarter of the previous year.

- Non-interest income grew by 54.7% to ₹553.3 crore for the quarter ended December 31, 2020 against ₹357.7 crore in the corresponding quarter of the previous year.

- Operating Profit for the quarter increased by 51.4% to ₹1,914.1 crore against ₹1,263.9 crore in the corresponding quarter of the previous year.

- Net Profit for the quarter shrink by 13.5% to ₹632.6 crore against ₹ 731.0 crore in the corresponding quarter of the previous year. In Q3 FY 21, The Bank has taken accelerated additional provision on standard assets amounting to ₹1,000 crore for COVID-19.

- Net Interest Margin (annualised) for the quarter ending December 31, 2020 stood at 8.3% against 7.9% in December 31, 2019.

- Total Advances (on book + off book+TLTRO) grew by 22.6% to ₹80,255.2 crore as on December 31, 2020 against ₹65,456.1 crore as on December 31, 2019 and 4.8% QoQ against ₹76,614.6 crore as on September 30, 2020.

- Total Deposits increased by 29.6% to ₹71,188.3 crore as on December 31, 2020 as compared to ₹54,908.5 crore as on December 31, 2019 and 7.7% QoQ against ₹66,127.7 crore as on September 30, 2020.

- Gross NPAs as on December 31, 2020 is at ₹859.2 crore (1.1%) against ₹1,182.0 crore (1.9%) as on December 31, 2019.

- Net NPAs as on December 31, 2020 stood at ₹201.3 crore (0.3%) against ₹491.4 crore (0.8%) as on December 31, 2019.

Banking outlets as on December 31, 2020, stood at 5,197. The network consists of 1,107 branches, 4,090 banking units as against 1,009 branches and 3,279 banking units as on December 31, 2019. Total number of ATMs stood at 487 as on December 31, 2020 against 485 as on December 31, 2019. During the quarter, the number of employees of the bank has gone up from 45,549 to 47,260.

Shares of Bandhan Bank Ltd was last trading in BSE at Rs.341.05 as compared to the previous close of Rs. 359.85. The total number of shares traded during the day was 2451549 in over 58221 trades.

The stock hit an intraday high of Rs. 372.4 and intraday low of 335. The net turnover during the day was Rs. 871615514.

Source : Equity Bulls

Keywords