{"id":4545,"date":"2017-04-28T17:08:06","date_gmt":"2017-04-28T17:08:06","guid":{"rendered":"https:\/\/sunkrish.com\/?p=4545"},"modified":"2017-05-03T17:10:28","modified_gmt":"2017-05-03T17:10:28","slug":"bandhan-bank-reports-fy17-profit-at-rs1111-95-crore","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/04\/28\/bandhan-bank-reports-fy17-profit-at-rs1111-95-crore\/","title":{"rendered":"Bandhan Bank reports FY17 profit at Rs1,111.95 crore"},"content":{"rendered":"<figure id=\"attachment_3373\" class=\"thumbnail wp-caption alignleft\" style=\"width: 300px\"><a href=\"https:\/\/sunkrish.com\/index.php\/2015\/11\/28\/bandhan-bank-starts-disbursing-loans\/bandhan-bank-3\/\" rel=\"attachment wp-att-3373\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3373\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Bandhan-Bank.jpg\" alt=\"\" width=\"300\" height=\"168\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Bandhan-Bank.jpg 300w, https:\/\/sunkrish.com\/wp-content\/uploads\/Bandhan-Bank-150x84.jpg 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption class=\"caption wp-caption-text\"><em>Bandhan Bank\u2019s net interest income stood at Rs 2,403.50 crore in the financial year 2017<\/em><\/figcaption><\/figure>\n<p>Bandhan Bank on Thursday reported a net profit of Rs1,111.95 crore for the financial year that ended on 31 March. A comparable year-ago figure wasn\u2019t available because the lender started operations only in August 2015.<\/p>\n<p>Net interest income, or the core income a bank earns by giving loans, was Rs2,403.50 crore. Gross advances were Rs23,543.29 crore and deposits stood at Rs23,229 crore.<\/p>\n<p>Current and savings accounts at the end of the March quarter made up 29.43% of deposits. Bandhan Bank\u2019s capital adequacy ratio, an indicator of financial strength expressed as a ratio of capital to risk-weighted assets, was 26.36%. The bank has 840 branches and 10.5 million customers.<\/p>\n<p>Bandhan Bank, which converted from a microfinance institution to a full-fledged lender, kept its focus on borrowers who make up more than 90% of its loan book. Going forward, the bank intends to diversify into affordable housing and loans to micro enterprises.<\/p>\n<p>According to Chandra Shekhar Ghosh, founding managing director and chief executive officer of Bandhan Bank, deposit and credit growth for the bank will continue to grow at 30%.<\/p>\n<p>In the financial year 2016-17, the bank sold inter-bank participatory certificates worth Rs6,704.21 crore, which helped the bank boost its net interest margin.<\/p>\n<p>The net interest margin, the difference between the rate a bank charges for loans and pays for deposits, for the year was close to 10%.<\/p>\n<p>Under the inter-bank participatory certificates arrangement, banks can sell a part of their portfolio to other banks that are short of their targets for lending to the priority sector that includes agriculture and small businesses.<\/p>\n<p>Source: <a href=\"http:\/\/www.livemint.com\/Companies\/SQyBR1lyNbg2sKNrL42ELM\/Bandhan-Bank-reports-FY17-profit-at-Rs111195-crore.html\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.livemint.com\/Companies\/SQyBR1lyNbg2sKNrL42ELM\/Bandhan-Bank-reports-FY17-profit-at-Rs111195-crore.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Bank on Thursday reported a net profit of Rs1,111.95 crore for the financial year that ended on 31 March. A comparable year-ago figure wasn\u2019t available because the lender started operations only in August 2015. Net interest income, or the &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2017\/04\/28\/bandhan-bank-reports-fy17-profit-at-rs1111-95-crore\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[467,332,314,468,546,494,429,301],"class_list":["post-4545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-bandhan-bank","tag-capital","tag-debt","tag-micro-finance","tag-micro-units-development-and-refinance-mudra-bank","tag-msmes","tag-sme","tag-start-ups"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=4545"}],"version-history":[{"count":2,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4545\/revisions"}],"predecessor-version":[{"id":4591,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4545\/revisions\/4591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3373"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=4545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=4545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=4545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}