''Bandhan Bank has reported 138% growth in net profit
at Rs 886.50 crore for the quarter ended June 2022 (Q1FY2023). The bank has
posted healthy 19% growth in net interest income (NII). The Net Interest Margin
(NIM) of the bank eased to 8.00% in Q1FY2023 compared to 8.50% in the
corresponding quarter of previous year.
On business front, the bank as has
posted 20% growth in business with strong 20% surge in loan book. The asset
quality of the bank was stable in Q1FY2023. The CASA ratio of the bank has
declined to 44.3% at end June 2022 from 42.9% at end June 2021.
Asset quality showing marginal pressure:
The bank has witnessed some pressure on
asset quality with rise in GNPA level in Q1FY2023.
The GNPA ratio rose 79 bps qoq to 7.25%
and NNPA ratio moved up 26 bps qoq to 1.92% end June 2022.
The standard restructured loan book of
the bank declined to Rs 2140 crore end June 2022.
Provision...
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