Bandhan Bank’s performance in the third quarter reflects sustainable growth, with a strong focus on risks and compliance
FinTech BizNews Service
Mumbai, February 1, 2025: The Board of Directors of Bandhan Bank Limited approved the Bank’s financial results for the
quarter and nine months ended December 31, 2024, at its meeting held in Kolkata on Friday,
January 31, 2025. The statutory auditors have reviewed the financial statements for the quarter
ended December 31, 2024.
FINANCIAL RESULTS
Financials for the nine months ended December 31, 2024
The Bank’s net revenue as of 9M FY25 was Rs.11,002 crore as compared to Rs.8,930 crore in 9M
FY24; a growth of 23% YoY
Net interest income (NII) as of 9M FY25, stood at Rs. 8,784 crore compared to Rs. 7,459 crore in
9M FY24; a growth of 18% YoY
NIM for 9M FY25 stood flat at 7.3%
Operating Profit was Rs.5,817 crore in 9M FY25 compared to Rs.4,801 crore in 9M FY24, up 21%
YoY
The provisions (other than tax) & contingencies charged to the Profit and Loss for 9M FY25 were at
Rs.2,505 crore compared to Rs. 1,922 crore in 9M FY24
The profit after tax for the nine months ended December 31, 2024, stood at Rs.2,427 crore
compared to Rs 2,175 crore, registering a growth of 12% YoY;
The Bank’s RoA stood at 1.8% and RoE at 13.8% for the nine months (annualised basis)
As of December 31, 2024, the Bank’s capital adequacy ratio including profits stood at 16.1% as
against a regulatory requirement of 11.5%.
Financials for the quarter ended December 31, 2024
The Bank’s net revenue as of Q3 FY25 was Rs.3,926 crore as compared to Rs. 3,071 crore in Q3
FY24; a growth of 28% YoY
Net interest income (NII) as of Q3 FY25, stood at Rs.2,830 crore compared to Rs. 2,525 crore as of
Q3 FY24, representing a growth of 12% YoY.
Net Interest Margin (NIM) for the quarter was 6.9% compared to 7.2% in Q3 FY24
Operating Profit was Rs.2,021 crore in Q3 FY25 compared to Rs.1,655 crore in Q3 FY24, up 22%
YoY
The provisions (other than tax) & contingencies charged to the Profit and Loss for Q3 FY25 were at
Rs.1376 crore compared to Rs. 684 crore in Q3 FY24
The profit after tax for the quarter ended December 31, 2024, stood at Rs.426 crore compared to
Rs 733 crore, registering a de-growth of 42% YoY; Bank’s RoA stood at 0.9% and RoE at 7% for the
quarter (annualised basis)
Asset Quality
The collection efficiency for EEB loans was marginally lower at 97.4% for Q3 FY25
Provision Coverage Ratio (Including Technical Write-offs) as of December 31, 2024, is 85.4% vs.
70.2% in the previous year.
Deposits
As of December 31, 2024, total deposits stood at Rs.1.41 lakh crore as against Rs.1.17 lakh crore in
the previous year – a growth of 20% YoY
CASA Deposits stood at Rs.44,735 crore and CASA Ratio stood at 32%, CASA + Retail TD to total
deposit ratio stands at around 69%
Advances
As of December 31, 2024, Gross Advances stood at Rs.1.32 lakh crore as against Rs.1.16 lakh crore
in the previous year – a growth of 14% YoY
On a YoY basis, Retail book (other than housing) grew 95%, Commercial Banking grew 38%, and
the Housing book showed a growth of 13% (19% YoY excluding IBPC).
Distribution Network
The Bank’s distribution network spans nearly 6,300 outlets. The Bank currently has nearly 78,400
employees
Speaking on the Bank’s performance, MD & CEO Partha Pratim Sengupta said; "Bandhan Bank’s
performance in the third quarter reflects sustainable growth, with a strong focus on risks and
compliance. Our continued success is built on the trust of our customers and the hard work of our
employees. With growth in our loan book and a focus on technological innovation, improving
processes, and strengthening our products and teams, Bandhan Bank is well-positioned for the
next phase of growth as we evolve into Bandhan Bank 2.0."
