Elevated MFI stress persists
Credit costs remain high at 3.9% due to continued stress in microfinance; management expects H1 FY26 to be challenging.
high · management_commentaryBandhan 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
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
NIM compression from secured mix shift
As secured book grows, yields are expected to moderate; CFO guided NIMs could decline 50-60bps over 3 years.
medium · management_commentaryRegional concentration in West Bengal
West Bengal accounts for 23% of advances and 40% of deposits; localized disruptions (e.g., Murshidabad) could impact collections.
medium · analyst_questionRecent vintages show higher NPAs
Analyst noted that loans disbursed in FY24 have NPA rates of 3.5-4%, raising concerns about underwriting quality.
medium · analyst_question