FY 19 Q3 Earnings " Bandhan Bank"

in #steemit5 years ago


The company posted at 10% profits in Q3.

Net profit rose to Rs 331 cr from Rs 300 cr a year ago. It is very much lower then expectations because the bank made a 100% provision for its
Rs 385 cr loan made over 2 year ago.

Loan grew 46%(YOY) to Rs 35,599 cr from Rs 24,364 cr. Gross NPA's increase to 2.4 % from 1.7% because of the IL&FS exposure.

NII grew 54% to Rs 1125 cr form Rs 732 cr a year ago.

Over all its a very good performance delivered by the company.

The management said that, " The bank will hence forth shy away from large ticket corporate loans and continue to lend small ticket loans to enterprises and affordable housing segment".


Congratulations @susantabinod! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published more than 100 posts. Your next target is to reach 150 posts.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support SteemitBoard's project! Vote for its witness and get one more award!

You got a 41.67% upvote from @brupvoter courtesy of @susantabinod!

Coin Marketplace

STEEM 0.25
TRX 0.11
JST 0.033
BTC 62379.78
ETH 3034.69
USDT 1.00
SBD 3.78