Q1 2025 Bandhan Bank Ltd Earnings Call Transcript
Key Points
- Bandhan Bank Ltd (BOM:541153) reported a profit after tax of INR1,063 crore, up 47.4% year-on-year.
- Net interest margin (NIM) stood at 7.6% in Q1 FY25, showing a 22 basis points expansion year-on-year.
- The bank's gross advances grew by 22% year-on-year to INR126,000 crores.
- Deposits increased by 23% year-on-year to INR133,000 crores, with a stable share of retail deposits at 69%.
- The bank's operating expenses reduced by 7.5% quarter-on-quarter, indicating improved cost management.
- Gross NPA increased to 4.2% in Q1 FY25 from 3.8% in Q4 FY24.
- The CASA ratio dropped by 400 basis points quarter-on-quarter, indicating a decline in low-cost deposits.
- The bank increased the risk weightage of its EEB portfolio from 75% to 125%, impacting its capital adequacy ratio.
- Collection efficiency for the EEB book declined to 98.5% in June from 99.1% in March.
- The SMA-0 book saw an increase of 30 basis points quarter-on-quarter to 0.9%, indicating some stress in collections.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings call for Bandhan Bank. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Vikash Mundhra, Head Investor Relations Bandhan. Thank you, and over to you, sir.
Thank you, Siddhanth. Good evening, everyone, and a warm welcome to all the participants. It's our pleasure to welcome you all to discuss Bandhan Bank's business and financial performance for the quarter ending June 24. We appreciate your time and participation today. We will take this opportunity to provide insight into our operational activities, including any significant achievements or challenges. We'll also touch on market conditions, strategic initiatives, and any changes in our business environment.
To discuss all this in detail, we have with us our MD and CEO, Mr. Ratan Kumar Kesh; Executive Director and Chief Business Officer, Mr. Rajinder Kumar Babbar; Chief Financial Officer, Mr. Rajeev Mantri; myself, Vikash Mundra, Head
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