Bandhan Bank Q1 FY25 results (Apr–Jun 2024) and concall

Bandhan Bank delivered a strong start to FY25, characterized by robust credit growth of 22% YoY and a reversal of the typical Q1 sequential decline in advances. While profitability was strong with a 47% jump in PAT, the bank took a significant hit to its capital adequacy ratio (362 bps) by conservatively increasing risk weights on its microfinance (EEB) portfolio to 125%. Management remains focused on diversifying the book towards secured assets and improving geographic concentration away from West Bengal.