Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 48455.54 Crore).
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 873.97 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 262.55 Crore (.00% of total assets). For the quarter ended 30-09-2020, the company reported a Standalone Interest Income of Rs 2792.55 Crore, up 6.51 % from last quarter Interest Income of Rs 2621.96 Crore and up 17.82 % from last year same quarter Interest Income of Rs 2370.15 Crore. The bank reported net profit after tax of Rs 920.01 Crore in latest quarter.
The bank is gearing up for the next level of structural transformation toward a true universal bank like large private peers by re-organizing business verticals and leadership positions by either hiring laterally or up-skilling. It is also well provided to take on the Covid-19-induced asset quality stress in the MFI portfolio.
Promoters held 40 per cent stake in the company as of Sept 30, 2020, while FIIs held 32.2 per cent, DIIs 5.8 per cent and public and others 21.9 per cent.