Bandhan Bank (BANDHANBNK) Q4 16/17 earnings summary

Executive summary

• First full operating year: deposits rose 92% to ₹23,229 crore, total income reached ₹4,320 crore and net profit was ₹1,112 crore.

• Distribution expanded to 840 branches, 2,443 doorstep service centres and 282 ATMs, serving 10.5 million customers at March 31, 2017.

• Q4 FY17 PAT was ₹267 crore, up 127% YoY; full-year ROE reached 28.51%.

Financial highlights

• FY17 total income ₹4,320.12 crore vs ₹1,731.25 crore; net interest income ₹2,403.50 crore vs ₹932.84 crore.

• FY17 PAT ₹1,111.95 crore vs ₹275.25 crore; EPS ₹10.15 vs ₹3.40.

• Deposits grew 92% to ₹23,228.66 crore; advances were ₹23,543 crore gross, including managed IBPC/assigned loans, and ₹16,839 crore net.

• CASA rose to ₹6,837 crore, 29.43% of deposits; current accounts reached ₹1,453 crore and savings accounts ₹5,385 crore.

Outlook and guidance

• FY18 plans included mutual-fund distribution through metro and urban branches from Q1, followed by general-insurance distribution under a corporate agency licence.

• Plans called for 14 additional SME asset centres, wider branch and offsite ATM reach, and continued expansion across metro, urban, semi-urban and rural markets.

• SEL priorities included faster processing, additional credit centres and stronger early-warning and credit-rating tools; retail lending focus remained home and personal loans.