Bandhan Bank (BANDHANBNK) Q4 20/21 earnings summary

Executive summary

• FY21 growth continued through COVID-19: deposits rose 36.6% and net advances 22.5%; elevated provisioning reduced PAT 27.1% YoY.

• Total business exceeded ₹1.5 lakh crore; customer base reached 2.30 crore and banking outlets grew to 5,310 across 34 states and UTs.

Financial highlights

• Net income rose 22.85% to ₹9,672.41 crore; NII increased 19.60% to ₹7,563.35 crore and other income grew 36.14% to ₹2,109.06 crore.

• Operating profit reached ₹6,855.25 crore; PAT fell 27.06% to ₹2,205.46 crore from ₹3,023.74 crore, primarily due to higher provisions.

• Total provisions and contingencies were ₹4,649.80 crore versus ₹2,422.83 crore in FY20; specific provisions included ₹4,331.70 crore.

Outlook and guidance

• Vision 2025 priorities: diversify assets and geographies, strengthen underwriting and collections, expand in-house technology and analytics, and deepen CASA through digital engagement.

• FY22 strategy emphasizes asset quality, liquidity and capital adequacy, network expansion, human-capital investment, digitisation and broader customer product offerings.

• RBI projected India GDP growth of 9.5% in FY22, revised from 10.5% following the second COVID-19 wave.