Bandhan Bank Limited — Q4 FY25
Bandhan Bank's Q4 FY25 PAT of INR 318 crore (vs INR 55 crore last year) was aided by low base and tax credits, but core operating performance weakened.
neutral
medium
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
83%Questions answered1Evaded / deflected12Questions audited
Answered
Medium priority
Proportion of advances in Karnataka and Tamil Nadu
Asked by Vatsal Parag Shah, Knightstone Capital Management
Management provided specific percentages for both states.
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Question
What will be our proportion in Karnataka and Tamil Nadu as a percentage of advances?
Partha Pratim Sengupta, Managing Director and CEO
Tamil Nadu, we have a share of only less than 1% in the total advances for the day. Karnataka is 1.1%. Both are very negligible.
Answered
Medium priority
Fixed rate book percentage
Asked by Vatsal Parag Shah, Knightstone Capital Management
Management gave a specific percentage for fixed rate book.
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Question
Secondly, what will be our fixed book percentage?
Partha Pratim Sengupta, Managing Director and CEO
It is around 48%. 48% of our loan book is around fixed rate.
Partial answer
Medium priority
Interest reversal this quarter vs Q4 FY2024
Asked by Piran Engineer, CLSA
Provided current quarter number but did not give prior year figure.
no YoY comparison given
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Question
Firstly, on interest reversal, what is the interest reversal this quarter versus a similar number in Q4 FY2024?
Rajeev Mantri, CFO
During the quarter, we had INR 69 crore as interest reversal.
Partial answer
High priority
Impact on deposit cost after rate cut and guidance for FY2026
Asked by Piran Engineer, CLSA
Provided rate cut details but declined to give specific cost of deposit guidance.
no specific guidance on cost of deposits
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Question
What sort of impact do we expect on our deposit cost after this rate cut... Can you guide us to some sort of cost of deposit for FY2026?
Partha Pratim Sengupta, Managing Director and CEO
We have also reduced our interest rates on both savings bank and term deposits... We are expecting that around 30 basis points where we were giving on the highest bracket, 8.05, it has come down to 7.75.
Answered
High priority
Collection efficiency from GNPA book
Asked by Piran Engineer, CLSA
Provided specific percentage of GNPA customers making payments.
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Question
In simple words, collection efficiency from the GNPA book.
Vishal Wadhwa, Head of Emerging Entrepreneurs Business
Overall, from an 8% number, close to 25% of that 8% is paying us some amount.
Answered
High priority
Reason for SMA zero increase in West Bengal and April disturbances impact
Asked by Mohit Jain, Tara Capital Partners
Explained reason and confirmed correction.
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Question
If I'm looking at West Bengal, this quarter, we are seeing a slight increase there in the SMA zero bucket. What can be the particular reason behind it?
Partha Pratim Sengupta, Managing Director and CEO
One is because of the holidays. The last three days were holiday in West Bengal... This has been eventually corrected.
Answered
High priority
Confidence in EEB credit cost guidance of 2-3% given recent origination NPAs
Asked by Mohit Jain, Tara Capital Partners
Provided specific improving NPA trends for recent vintages.
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Question
If this is the trend we are having in the recent origination, what gives us the confidence that over a longer period of time, the NPA of the credit NPA of the EEB book is going to come down to somewhere near 2-3%, sir?
Partha Pratim Sengupta, Managing Director and CEO
If you look at the financial year 2025 figures, it has come down from 2.8%. Q2 is 1%. Q3 and Q4, just see Q3 is 0.1% and Q4 is nil.
Answered
High priority
Worst-performing states driving collection efficiency down
Asked by Anand Swaminathan, Bank of America
Named specific states with poor performance.
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Question
I just wanted to understand which are your worst-performing states which are driving down your collection efficiency to 98.2%.
Vishal Wadhwa, Head of Emerging Entrepreneurs Business
Our states which are not performing... are Maharashtra, parts of Gujarat, and Tamil Nadu, Karnataka.
Answered
High priority
Timeline for normalized disbursal levels in FY2026
Asked by Anand Swaminathan, Bank of America
Provided specific quarterly timeline for normalization.
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Question
In terms of month or quarter, when do we expect we are getting back to a normalized disbursal level during the year?
Vishal Wadhwa, Head of Emerging Entrepreneurs Business
I think the first quarter is going to be a muted one. I think quarter two onwards, the disbursals should pick up.
Evasive
High priority
How credit cost will trend in next two quarters given slippages
Asked by MB Mahesh, Kotak Securities
Refused to give quarterly credit cost guidance, only gave qualitative outlook.
no specific guidancedeferred to qualitative outlook
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Question
We are doing about 4% credit cost right now on an annualized basis... how does that go for the next two quarters?
Rajeev Mantri, CFO
I do not think Mahesh will give specific guidance on a quarterly basis... it is natural to expect the next two quarters there will be some continued stress.
Answered
High priority
Clarification on ROE decomposition and margin decline guidance
Asked by MB Mahesh, Kotak Securities
Provided specific basis point guidance on NIM decline.
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Question
You have given us a rough indicative ROE decomposition... You have a margin today which is about 7%. You are indicating that number will be down by about 20 basis points. Is that how we should read it?
Rajeev Mantri, CFO
I think as our secured mix increases further, over the next three years, we should expect, I think, margins, the NIMs to come down by, say, another 50-60 basis points.
Answered
Medium priority
Full impact of RWA decline taken or pending
Asked by Jai Mundhra, ICICI Securities
Explained which benefits were taken and which are pending.
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Question
Have we taken the full impact of RWA decline, or is there any loan book where the lower risk rate is yet to be applied?
Rajeev Mantri, CFO
A large part of our EEB book... we have been able to take the benefit of that in the RWA calculation. The improvement on the total CAR of 18.7%... is really based on the February clarification.