Bandhan Bank Q4 Review - Asset Quality Stress Affects Financials: KRChoksey

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KRChoksey Research Report

Bandhan Bank Ltd. has reported weak fundamentals for the quarter on sequential basis.

However, overall business grew by up 29% YoY (up 7.9% QoQ) up to Rs 1595.9 billion as against Rs 1237.1 billion in Q4 FY20.

Net interest income reported at Rs 17.6 billion (up 4.6% YoY / down 15.2% QoQ); net interest margin stood at 6.8% (down 133 basis points YoY / down 150 basis points QoQ).

Net Banking Income reported at Rs 25.4 billion (up 16.7% YoY /down 3.1% QoQ) supported by growth in other income at Rs 7.9 billion (up 57.4% YoY / up 42.3% QoQ).

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