Bandhan Bank Q3 Review - Balance Sheet Cleansing In The Final Lap; Earnings Set To Revive: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Bandhan Bank Ltd. reported a muted Q3 FY23 characterised by sluggish business growth, tepid net interest income and elevated provisions. Margin contracted 50 basis points QoQ to 6.5%, hit by interest income reversals. However, the bank expects margin to improve as Dec-22 margin was higher at 7.3%.Advances grew 2% QoQ to Rs 921 billion even as the micro finance institution portfolio declined 2%, supported by a healthy 14% QoQ growth in the non-MFI portfolio. Deposit growth was modest with current account and savings account ratio witnessing a sharp decline.Bandhan Bank's gross non-performing asset/net non-performing asset ratios remained stable at 7.2%/1.9%, respectively, with provision coverage ratio at ~75% in Q3 FY23. Slippages moderated to Rs 32.65 billion from Rs 39.54 billion in Q2 FY23. Excluding NPA, collection efficiency improved to 98% from 95% in Sep-22, while special mention account overdue in the MFI book dipped to 8.1% from 13.0% in Q2 FY23..Click on the attachment to read the full report:.Kotak Mahindra Bank Q3 Review - Business Growth Robust; Margins Continue To Scale New Highs: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bandhan Bank Q3 Review - Balance Sheet Cleansing In The Final Lap; Earnings Set To Revive: Motilal Oswal

Bandhan Bank reported a muted Q3 characterised by sluggish business growth, tepid net interest income and elevated provisions.

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