Bandhan Bank Q2 Results 2023

Read this story to learn about           Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Business growth increased by 12.6% · Y-o-Y PAT growth stood at an amazing 245% · The banking workforce grew strong over 74,000 employees

Performance Highlights

· The total income for Q2 FY’24 stood at ₹ 2,983 Cr · Profit After Tax stood at ₹ 721 Cr · Total deposits stood at ₹ 1.12 Lakh Cr; Y-o-Y growth 12.8%

Operational Highlights

· The bank’s loan portfolio is at ₹1.08 lakh crore, showing growth of 12.3% YoY · Net interest income (NII) stood at ₹2,443 crore in Q2 FY’24 · ROE at 14% and ROA at 1.9%

Growing Business

In Q2, the bank witnessed a substantial leap in its customer base, adding almost 10 lakh clients taking the total base to 3.17 crore. They also grew to 6,200 outlets.