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Bandhan Bank Bandhan Bank Limited Bandhan Head Office: Floors 12 -14, Adventz lnfinity@5, BN 5, Sector V, Salt Lake City, Kolkata - 700091 CIN: L67190WB2014PLC204622 I Phone: +91 33 6609 0909, 4045 6456 I Fax: +91 33 6609 0502 Bank Email: [email protected] I Website: www.bandhanbank.com Ref. No: BBL /140/2021-22 July 30, 2021 BSE Limited National Stock Exchange of India Limited Dept. of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400001 Mumbai - 400051 BSE Scrip Code: 541153 NSE Symbol: BANDHANBNK Dear Sir/ Madam, Sub: Outcome of Board Meeting held on July 30, 2021 - SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Pursuant to the provisions of Regulation 33 and other applicable provisions of SEBI LODR, we wish to inform that the Board of Directors (the 'Board') of Bandhan Bank Limited (the 'Bank') at its meeting held today i.e. Friday, July 30, 2021, considered and approved the Unaudited Financial Results of the Bank for the quarter (Ql ) ended June 30, 2021. Pursuant to above, we hereby submit the Unaudited Financial Results of the Bank for the quarter (Q1) ended June 30, 2021 along with the Limited Review Report issued by the Statutory Auditors of the Bank thereon. We also submit the Press Release and the earnings update presentation on the Unaudited Financial Results of the Bank. The Board Meeting commenced at 10:00 a.m. and financial results were considered and approved by the Board at 03:30 p.m. Please note that the window for trading in securities of the Bank was closed from July 01, 2021 and will remain closed till August 01, 2021 and the trading window shall re-open thereafter. You are requested to take note of the above. All the above-mentioned documents are being simultaneously posted on the Bank's website at www.bandhanbank.com. Thanking you, Indranil Banerjee Company Secretary Encl.: as above Registered Office: DN 32, Sector V, Salt Lake City, Kolkata - 700091 Chartered Accountants th 19 Floor, Shapath-V S.G. Highway Ahmedabad – 380 015 Gujarat, India Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 INDEPENDENT AUDITORS’ REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF BANDHAN BANK LIMITED 1. We have reviewed the accompanying Statement of Unaudited Financial Results of BANDHAN BANK LIMITED (the “Bank”) for the quarter ended June 30, 2021 (the “Statement”), being submitted by the Bank pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, except for the disclosures relating to Pillar 3 disclosures, including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank’s website and in respect of which a link has been provided in Note 4 to the Statement and have not been reviewed by us. 2. This Statement, which is the responsibility of the Bank’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 for “Interim Financial Reporting” (“AS 25”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, in so far as they apply to banks, the relevant provisions of the Banking Regulation Act, 1949 , the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time (the “RBI Guidelines”) and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of the Bank’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, the RBI Guidelines and other accounting principles generally accepted in India, in so far as they apply to banks, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, except for the disclosures relating to Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank’s website and in respect of which a link has been provided in Note 4 to the Statement and have not been reviewed by us, or that it contains any material misstatement. 5. As more fully described in Note 5 to the Statement, the potential impact of the continuing COVID-19 pandemic on the Bank’s results are dependent on future developments, which are uncertain. Our conclusion is not modified in respect of this matter. For Deloitte Haskins & Sells Chartered Accountants (ICAI Reg. No 117365W) G. K. Subramaniam (Partner) (Membership No. 109839) UDIN: 21109839AAAAMM8548 MUMBAI, July 30, 2021 PRESS RELEASE Bandhan Bank reports highest ever quarterly PPoP in Q1 FY22; grows 18.1% (YoY) to ₹1,871.1 crore Total Collection Efficiency for EEB portfolio of Q1FY21-22 at 98% Kolkata, July 30, 2021: The Board of Directors of Bandhan Bank Ltd., at a meeting held in Kolkata today approved its Financial Results for the Quarter ended June 30, 2021. The accounts have been subjected to “Limited Review” by the statutory auditors of the bank. Key Highlights : PPoP to Loan Book at 9.3%; up from 8.6% in the Q4FY21 NIM increased to 8.5% Deposits grew 27.6% YoY. Loan portfolio (on book + off book + TLTRO + PTC) grew 8.1% YoY CASA grew 47.7% YoY; CASA ratio at 42.9% against 37.1% YoY. GNPA as on June 30, 2021 at 8.2% against 6.8% as on March 31, 2021. Net NPAs as on June 30, 2021 at 3.3% against 3.5% as on March 31, 2021. Capital Adequacy Ratio (CRAR) at 24.8%; Tier I at 23.8%. CRAR (including profit) at 25.3% During Q1FY21-22, restructured EEB Portfolio worth of ₹ 40.57 bn and Housing portfolio worth of ₹6.04 bn totaling to ₹46.61 bn Bank have made accelerated provision on NPA accounts of ₹7.51bn resulting in PCR of 62% as against 50% in Q4FY21. In addition to this Bank also carrying additional standard assets provision amounting to ₹3.23 bn and provision on restructured assets amounting to ₹5.29 bn Highlights for the Quarter ended June 30, 2021: Net Interest Income (NII) for the quarter grew by 16.7% to ₹2,114.1 crore as against ₹1,811.5 crore in the corresponding quarter of the previous year. Non-interest income grew by 37.7% to ₹533.4 crore for the quarter ended June 30, 2021 against ₹386.8 crore in the corresponding quarter of the previous year. Operating Profit for the quarter increased by 18.1% to ₹1,871.1 crore against ₹1,584.2 crore in the corresponding quarter of the previous year. Net Interest Margin (annualised) for the quarter ended June 30, 2021 stood at 8.5% against 8.2% in June 30, 2020. Total Advances (on book + off book + TLTRO + PTC) grew by 8.1% to ₹80,356.9 crore as on June 30, 2021 against ₹74,330.5 crore as on June 30, 2020 Total Deposits increased by 27.6% to ₹77,335.5 crore as on June 30, 2021 as compared to ₹60,610.0 crore as on June 30, 2020. Gross NPAs as on June 30, 2021 is at ₹6,440.4 crore (8.2%) against ₹5757.8 crore (6.8%) as on March 31, 2021. Page 1 of 3 Net NPAs as on June 30, 2021 stood at ₹2,457.9 crore (3.3%) against ₹ 2,861.0 crore (3.5%) as on March 31, 2021. Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “In spite of challenging environment due to covid second wave, we have delivered the best ever quarter in terms of operational performances. Collections continues to improve with covid restrictions getting relaxed. Typically, second half of the financial year is always better for the bank in terms of growth and collections. With easing of covid second wave and upcoming festive season, we are confident of achieving better performance going forward.” Banking outlets as on June 30, 2021, stood at 5,574. The network consists of 1,152 branches, 4,422 banking units as against 1,018 branches and 3,541 banking units as on June 30, 2020. Total number of ATMs stood at 487 as on June 30, 2021 against 485 as on June 31, 2020. During the quarter, the number of employees of the bank has gone up from 49,445 to 51,054. Highlights for the Quarter ended June 30, 2021: Quarter Particulars (in ₹ crore) Q1 FY22 Q4 FY21 QoQ% Q1 FY21 YoY% Net Interest Income 2,114.1 1,757.0 20.3% 1,811.5 16.7% Non-Interest Income 533.4 787.3 -32.2% 386.8 37.7% Total Income (Net) 2,647.5 2,544.3 4.1% 2,198.3 20.4% Opex 776.4 814.8 -4.7% 614.1 26.4% Operating Profit
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