Bandhan Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

The bank's total deposits were lower by 1.5% as compared with Rs 1,35,202 crore reported in the quarter ended 31 March 2024.

Bulk deposits stood at Rs 41,099 crore during the quarter, up 31.6% YoY but down 0.7% QoQ.

Retail to total deposits ratio stood at 69.1% in the quarter ended 30 June 2024 as against 71.2% recorded in the quarter ended 30 June 2023.

CASA ratio stood at 33.4% in the quarter ended June 2024 as against 36% in the quarter ended June 2023 and 37.1% in the quarter ended March 2024.

Loans & advances (on book + off book + TLTRO + PTC) incraesed by 21.8% to Rs 1,25,619 crore in the quarter ended 30 June 2024 from Rs 1,03,169 crore posted in the quarter ended 30 June 2023. On a QoQ basis, the loan book has rose by 0.7% from Rs 1,24,721 crore.

The bank's LCR as on 30 June 2024 stood approximately at 149.5%. Collection efficiency for the month of June 2024 was approximately 98.5% as compared with 98.8% in March 2024. The collection efficiency emerging entrepreneurs business (EEB) (micro) segment was 98.5% and that of non-EEB segment was 98.3% in June 2024.

Bandhan Bank operates as a commercial bank. The Bank’s distribution network spans 6,300 outlets The Bank added 10 lakh customers, during the quarter and current customers stand at 3.36 crore customers. The Bank currently has nearly 76,000 employees.

The bank's net profit tumbled 93.24% to Rs 54.62 crore in Q4 FY24 as compared to Rs 808.29 crore recorded in Q4 FY23. However total income grew by 20.13% to Rs 5,883.46 crore in the fourth quarter of FY24 from Rs 4,897.39 crore posted in Q4 FY23.

The scrip shed 0.50% to currently trade at Rs 209.90 on the BSE.

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Arun Kumar Singh was the chief general manager (retired) at the Reserve Bank of India (RBI). With a work experience of almost 36 years at the RBI, he has worked in various capacities in the field of non-banking supervision & regulation, banking supervision & regulation, financial inclusion, monetary policy, information technology, enforcement actions against banks & non-banks, government banking, etc.

He has served as RBI nominee director on the boards of five banking and non-banking entities. He had also a three-year stint as regional director for the State of Rajasthan.

Arun Kumar Singh has done his graduation in economics and MBA in finance and HR. He is also a Certified Associate of the India Institute of Banking (CAIIB).

Bandhan Bank operates as a commercial bank. The Bank’s distribution network spans 6,300 outlets The Bank added 10 lakh customers, during the quarter and current customers stand at 3.36 crore customers. The Bank currently has nearly 76,000 employees

The bank's net profit tumbled 93.24% to Rs 54.62 crore in Q4 FY24 as compared to Rs 808.29 crore recorded in Q4 FY23. However total income grew by 20.13% to Rs 5,883.46 crore in the fourth quarter of FY24 from Rs 4,897.39 crore posted in Q4 FY23.

The scrip fell 1.52% to currently trade at Rs 204.60 on the BSE.

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Bandhan Bank Ltd gained for a third straight session today. The stock is quoting at Rs 196.9, up 2.79% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76503.7, up 1.9%. Bandhan Bank Ltd has risen around 9.21% in last one month.

Meanwhile, Nifty Bank index of which Bandhan Bank Ltd is a constituent, has risen around 3.92% in last one month and is currently quoting at 49291.9, up 1.24% on the day. The volume in the stock stood at 84.58 lakh shares today, compared to the daily average of 136.81 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 197.9, up 2.75% on the day. Bandhan Bank Ltd is down 24.33% in last one year as compared to a 24.64% spurt in NIFTY and a 13.42% spurt in the Nifty Bank index.

The PE of the stock is 13.84 based on TTM earnings ending March 24.

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However total income grew by 20.13% to Rs 5,883.46 crore in the fourth quarter of FY24 from Rs 4,897.39 crore posted in Q4 FY23.

Net interest income (NII) grew by 16% year on year (YoY) to Rs 2,866 crore in Q4 FY24. Net interest margin (NIM) improved to 7.6% in Q4 FY24 as compared to 7.2% reported in Q3 FY24.

Operating profit rose 2.33% to Rs 1,838 crore in Q4 FY24 as against Rs 1,796 crore posted in Q4 FY23. Provision (other than taxes) & Contingencies aggregated to Rs 1,774.33 crore, registering growth of 141.48% YoY.

The cost-to-income ratio for the quarter was 48%, however adjusting for the impact of one-offs, cost to income ratio stands at 45%.

During Q4 FY24, total deposits stood at Rs 1.35 lakh crore, growing by 25% YoY. CASA deposits stood at Rs 50,151 crore and CASA Ratio stood at 37.1%.

On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 4,784.88 crore as on 31 March 2024 as against Rs 5,298.62 crore as on 31 March 2023.

The ratio of gross NPAs to gross advances was at 3.84% as on 31 March 2024 as compared to 4.87% as on 31 March 2023.

The ratio of net NPA to net advances stood at 1.11% as on 31 March 2024 as agaisnt 1.17% as on 31 March 2023.

During the quarter, as a prudent measure and in accordance with its policy, the Bank has technically written off loans amounting to Rs 3,852 crore.

As of March 31, 2024, the Bank’s capital adequacy ratio stood at 18.3% as against a regulatory requirement of 11%.

On full year basis, the company's net profit rose 1.59% to Rs 2,229.56 crore on 14.48% jump in revenue from operations to Rs 21,034.27 crore in FY24 over FY23.

Chandra Shekhar Ghosh, managing director and CEO of Bandhan Bank, said, “The last quarter of the year is a testament to the momentum in business that we have gained. We have shown stability and growth across major parameters. The Bank also strengthened its core leadership in the quarter. Bandhan Bank has been built on the unwavering commitment of its employees and its success has been because of the trust of its customers. These cornerstones along with the focus on tech, people and processes will drive the growth trajectory of Bandhan Bank 2.0.

Meanwhile, the company’s board has recommended a dividend of Rs 1.50 per share for the year ended 31 March 2024, This would be subject to requisite approvals. The record/book closure dates will be announced in due course.

Bandhan Bank operates as a commercial bank. The Bank’s distribution network spans 6,300 outlets The Bank added 10 lakh customers, during the quarter and current customers stand at 3.36 crore customers. The Bank currently has nearly 76,000 employees

The scrip rose 0.96% to Rs 216.25 on the BSE.

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