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01-Feb-2025

Bandhan Bank

High credit cost hits bottomline


'Bandhan Bank has reported 42% dip in net profit at Rs 426.49 crore for the quarter ended December 2024 (Q3FY2025). The bank has posted healthy 12% growth in net interest income (NII), while the core fee income of the bank has declined 8% in Q3FY2025. The Net Interest Margin (NIM) of the bank slipped to 6.90% in Q3FY2025 compared to 7.20% in the corresponding quarter of previous year.

On business front, the bank as has posted 16% growth in business with 13% increase in loan book. The asset quality of the bank was stable in Q3FY2025. Bank has substantially reduced the credit to deposit ratio to 92.7% at end December 2024 from 98.7% at end December 2023. CASA ratio of the bank has declined to 31.7% at end December 2024 from 36.1% at end December 2023.

Asset quality stable, slippages rise: The bank has maintained stable asset quality with high provisions in Q3FY2025.

The fresh slippages of loans stood at Rs 1620 crore in Q3FY2025 compared with...



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