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Infographic| Bandhan Bank Ltd.(NSE: BANDHANBNK) | Q3 FY23 Results Out
Bandhan Bank Limited (NSE: BANDHANBNK) is an Indian banking and financial services company based in Kolkata, West Bengal. It was founded in 2001 as a microfinance company and received a banking license in 2014, becoming the first microfinance company in India to convert into a universal bank. The bank offers a range of banking products and services including retail banking, corporate banking, and microfinance. It has a strong presence in the eastern and northeastern regions of India, with over 7,000 service outlets across the country. As of 2021, the bank has a market capitalization of around Rs. 1,00,000 crore.
Bandhan Bank Limited reported strong Q3FY23 results with a 11.1% YoY growth in loan portfolio, 21.0% YoY growth in deposits and improvement in Non-Performing Assets (GNPA) from 10.8% in Q3FY22 to 7.2% in Q3FY23. Net NPAs also improved from 3.0% in Q3FY22 to 1.9% in Q3FY23. The bank also reported a record high order intake of Rs 1,922 crore, a 23.8% QoQ increase from Q2FY23. The Capital Adequacy Ratio (CRAR) was reported at 19.1%, with Tier I at 18.1% and CRAR including profit at 20.6%. The cost to income ratio also improved, standing at 38.3% in Q3FY23 as compared to 41.8% in Q2FY23. Overall, the bank’s financial performance in Q3FY23 indicates strong growth and stability.
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