Mr.Chandra Shekhar Ghosh must be a happy head of the Bandhan family along with CFO Sunil Samdani when they registered 35% profit increase even after the Agricultural loan hardship at Madhya Pradesh,UP and other states. In West Bengal North Bengal due to Darjiling sector is also under stress but despite of these issues Bandhan Bank has performed well.
Bandhan Bank has rise in net profit to Rs 327 crore for the quarter ended June 30, 2017, against Rs 242 crore YoY with profit growth 35% on books of accounts.
Though gross NPA has increased to 0.82% during the period from 0.22% while net NPA rose to 0.49 % (0.14 per cent) but according to the management these will happen due to environmental factors and impact of other social issues this year.
Mr. Ghosh is confident that Bandhan Bank will have 1000 branches across India and at present it has footprint at 33 states.
Women are the main driving force and patron for Bandhan Group even in case of Bank out of 1.1 Cr total customer 17 lacs are men rest are women customer.
Deposit portfolio is very healthy with 22439Cr INR and CASA balance as on 30th Jun 2017 is 5908 which is higher than previous year as well.
Loan given mostly through Micro Finance Route and 90% of total loan is micro credit while 10 is others. Retails Banking in loan portfolio will grow as per MD of the Bank.