Kolkata, January 31, 2025 – Bandhan Bank Limited (NSE: BANDHANBNK, BSE: 541153) announced its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting a 12% YoY increase in net profit for 9M FY25 at ₹2,427 crore. However, Q3 PAT declined 42% YoY to ₹426 crore, impacted by higher provisions and contingencies.
Key Financial Highlights (Q3 FY25 & 9M FY25)
Profitability & Revenue
Metric
Q3 FY25
Q3 FY24
YoY Change
9M FY25
9M FY24
YoY Change
Net Interest Income (NII)
₹2,830 Cr
₹2,525 Cr
12% ↑
₹8,784 Cr
₹7,459 Cr
18% ↑
Net Revenue
₹3,926 Cr
₹3,071 Cr
28% ↑
₹11,002 Cr
₹8,930 Cr
23% ↑
Operating Profit
₹2,021 Cr
₹1,655 Cr
22% ↑
₹5,817 Cr
₹4,801 Cr
21% ↑
Profit After Tax (PAT)
₹426 Cr
₹733 Cr
42% ↓
₹2,427 Cr
₹2,175 Cr
12% ↑
Net Interest Margin (NIM)
6.9%
7.2%
Flat
7.3%
7.3%
Flat
Asset Quality & Risk Management
Metric
Q3 FY25
Q3 FY24
YoY Change
Gross NPA
4.7%
7.0%
Improved
Net NPA
1.3%
2.2%
Improved
Provision Coverage Ratio (PCR)
85.4%
70.2%
Strengthened
The bank’s Gross NPAs declined to 4.7% from 7.0% last year, and Net NPA improved to 1.3% (from 2.2% in Q3 FY24). The Provision Coverage Ratio (PCR) increased to 85.4%, strengthening its risk resilience.
Advances & Deposits Growth
Metric
Q3 FY25
Q3 FY24
YoY Growth
Total Deposits
₹1.41 lakh Cr
₹1.17 lakh Cr
20% ↑
Gross Advances
₹1.32 lakh Cr
₹1.16 lakh Cr
14% ↑
CASA Deposits
₹44,735 Cr
₹42,413 Cr
5.5% ↑
Secured advances grew by 34% YoY, now comprising nearly 50% of the total loan book.
Retail Book (excl. Housing) surged by 95%, while Commercial Banking grew 38%.
The bank maintained a CASA ratio of 32%, with CASA + Retail TD contributing 69% of total deposits.
CEO’s Statement
Partha Pratim Sengupta, MD & CEO, commented: "Bandhan Bank’s performance in Q3 FY25 reflects sustainable growth with a strong focus on risk and compliance. Our loan book expansion, technology-driven innovations, and improving asset quality place us well for the next growth phase as we evolve into Bandhan Bank 2.0."
Strategic & Operational Highlights
Distribution Network: Expanded to 6,300 banking outlets with 78,400 employees.
Credit Growth: Non-EEB (Emerging Entrepreneurs Business) book now forms 58% of total advances, growing 30% YoY.
Technological Integration: Over 90% of new savings accounts were opened digitally.
Capital Adequacy: CRAR at 16.1%, well above the regulatory requirement of 11.5%.
Outlook
Bandhan Bank aims to continue its diversified credit portfolio expansion, improve profitability, and strengthen its asset quality while maintaining its focus on digital transformation.
