Bandhan Bank Q1 Review - Higher Credit Costs Contracted Profitability: KRChoksey

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..KRChoksey Research Report.Bandhan Bank Ltd.'s total business stood at Rs 1,521 billion (up 16.7% YoY, down 4.7% QoQ); despite ~two times disbursement in Q1 FY22 versus Q1 FY21, the portfolio declined on account of higher collection in Q1 FY22 versus Q1 FY21 (portfolio under moratorium). Loan book reported at Rs 803.6 billion and deposits reported at Rs 773.4 billion.Net Interest income reported at Rs 21.1 billion and net interest margin improved at 8.5% in Q1 FY22 as against 8.2% in Q1 FY21. Non-Interest Income reported at Rs 5.3 billion. Net banking income stood at Rs 26.5 billion and pre-provision profit reported at Rs 18.7 billion. Bandhan Bank’s gross non performing asset and net non performing asset stood at 8.2% (Q4 FY21: 6.8%) and 3.3% (Q4 FY21: 3.5%), respectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bandhan Bank Q1 Review - Higher Credit Costs Contracted Profitability: KRChoksey

Bandhan Bank Q1 Review - Higher Credit Costs Contracted Profitability: KRChoksey

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