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Bandhan Bank - Collection Efficiency Improves; Business Momentum Picks Up: Motilal Oswal

Bandhan Bank - Collection Efficiency Improves; Business Momentum Picks Up: Motilal Oswal

<div class="paragraphs"><p>A branch of Bandhan Bank Ltd. in the Prabhadevi area of Mumbai, India. (Source: BloombergQuint)</p></div>
A branch of Bandhan Bank Ltd. in the Prabhadevi area of Mumbai, India. (Source: BloombergQuint)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Bandhan Bank Ltd. released its quarterly business update highlighting the trends for Q3 FY22. Here are the key highlights:

  • Gross advances (on book plus off book plus targeted long-term repo operations investments) picked up sequentially by 9% QoQ (up ~11% YoY) to Rs 892 billion. This is likely to have been supported by improved disbursements.

  • The bank’s deposit base stood at Rs 845 billion, implying sequential growth of ~3% QoQ (up 19% YoY). This was led by ~5% QoQ growth in current account and savings account deposits (up ~26% YoY). Thus, the current account and savings account ratio increased to 45.6% (versus 44.6% in Q2 FY22). Bandhan Bank continues to report healthy trends in retail deposits, which were up 4% QoQ (~26% YoY). Thus, the proportion of retail deposits improved to ~84% (versus ~81% in Q3 FY21).

Click on the attachment to read the full report:

Motilal Oswal Bandhan Bank Update.pdf

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