Bandhan Bank Q4 Results 2024

Bandhan Bank

The Kolkata-based Bandhan Bank Ltd. provides financial and banking services. In India, it operates in 35 of the 36 states and union territories. The bank serves 3.36 crore customers and has 6,297 locations. Following the Reserve Bank of India's issuance of a universal banking license, Bandhan Bank commenced operations on August 23, 2015. The bank began operations with 501 branches, 50 ATMs, and 2,022 Banking Units (BUs). 

Bandhan Bank had accumulated ₹1,35,202 crore in deposits as of March 31, 2024. The bank provided advances of ₹1,24,721 crore in loans. This demonstrates the extent of the bank's growth and national reach since its founding.

Bandhan Bank Q4 Results 2024

In its Q4 fiscal year 2024 results, Bandhan Bank reported a sharp decline in profit after tax (PAT), from Rs 808.29 crore to Rs 54.62 crore in the same previous year. Higher provisions—which increased to Rs 1,774 crore from Rs 735 crore annually—were the main cause of this reduction. The bank's interest income increased from Rs 4,268.25 crore to Rs 5,189.34 crore in spite of this.

Bandhan Bank reported a PAT of Rs 2,230 crore for the entire financial year, which was marginally more than the Rs 2,195 crore recorded in FY23. A dividend of Rs 1.50 per share was suggested by the bank. For the quarter, net interest income (NII) rose by 16% to Rs 2,866 crore, while net revenue increased by 15% to Rs 3,560 crore. For the quarter and the year, the net interest margin (NIM) was 7.6% and 7.3%, respectively.

Improved asset quality was evident as gross non-performing assets (NPA) dropped to 3.8% from 7% and net NPA was reduced to 1.1% from 2.2% sequentially. Total deposits rose by 25% to Rs 1.35 lakh crore, while the bank's balance sheet expanded by 14% to Rs 1.78 lakh crore. Gross advances reached Rs 1.25 lakh crore, up 14.3%. With a strong 18.3% capital adequacy ratio, it surpassed the required minimum.

Bandhan Bank Share Price

As of May 20, 2024, the share price of Bandhan Bank is Rs 183.10, indicating a slight increase of 1.03% from the day before. The share price decreased by 2.74% over the previous week, while it increased by 5.45% over the previous month.

Nonetheless, the share price dropped by 9.72% during the prior three months and by 14.47% during the previous six. The market value of the bank is Rs 28,941.08 crore.

In the previous year, the price of Bandhan Bank's shares fluctuated between Rs 170.30 and Rs 272.00. The bank's promoters' holding decreased a little to 39.98%, while the stake of domestic institutional investors increased slightly to 12.42%.

While other investors' shares increased to 16.4%, international institutional investors' holdings fell to 31.2%. Bandhan Bank continues to be a significant participant in the market despite these fluctuations.