Bandhan Bank Ltd

- The transcript does not mention any current or future fundraising plans through debt or equity. - The focus is on strengthening granular liabilities, growing CASA and retail term deposits, and reducing bulk deposits. - The bank emphasizes building a stable and granular liability franchise rather than raising funds via new debt or equity. - Investments are planned in branches, technology, and manpower funded through internal resources and growth. - No explicit mention of capital raising or equity/debt issuance in the discussed quarters or near future.

- Continued investments in people, technology, and infrastructure, particularly in newer businesses such as credit cards and secured loans. - Major opex costs include IT investments, such as depreciation from recent core banking system upgrades and planned state-of-the-art loan origination systems with providers like Salesforce. - Investment in manpower with recruitment of skilled resources ahead of business launches. - Operating expenses to average assets ratio expected to increase by 10–20 basis points over the next two years due to these investments. - Strategic priorities include enhanced technology (digital banking units, QR code collections, facial recognition), process optimization, and innovation in business models. - Focus on expanding retail liability sourcing and modernizing credit underwriting with analytical tools for improved digital processing. - Operating leverage expected to improve post investments, enhancing efficiency and scalability. - These investments form part of a multi-year transformation to grow the secured book and business capabilities sustainably.

- Bandhan Bank targets a 15–17% CAGR growth in advances over the next three years, with secured advances expected to exceed 55% of total advances by FY27. - Secured loan book is growing faster, driven by housing, wholesale banking, and retail assets. - Deposits are expected to grow faster than advances, focusing on stable, granular retail deposits, including CASA and retail term deposits. - Retail term deposits showed strong 30% YoY growth; total retail deposits grew 11% YoY. - Growth supported by branch network expansion (1,715 branches), digital initiatives, and cross-sell strategies. - The bank anticipates improving revenue mix with higher other income from new initiatives and growth in fee income. - Operating expenses are expected to increase slightly in the short term due to investments but improve efficiency over time. - Overall, steady and sustainable growth in net interest income and other income is expected as the portfolio diversifies and asset quality improves.

- Bandhan Bank targets advances growth of 15-17% CAGR over the next 3 years, with a stronger focus on secured loans increasing to 55%+ of total advances by FY27. - Operating expenses to assets ratio expected to rise by 10-20 bps over next 2 years due to investments in people, technology, and capabilities, but efficiency gains anticipated thereafter. - Credit costs to remain elevated in H1FY26 but targeted to reduce to 1.5-1.6% over 2-3 years through better portfolio quality and improving MFI cycle. - Return on Assets (RoA) expected to follow a glide path increasing from current 1.5% to 1.8-1.9% over next 2-3 years. - Net Interest Margin (NIM) may moderate due to shift to secured loans but will be partly offset by growth in other income streams. - Operating profit as a percentage of assets (~3.3%-3.4%) currently lower due to investments and mix changes, expected to improve as new businesses scale. - Earnings per share expected to improve consistent with enhanced profitability and asset quality over medium term.

The transcript does not explicitly mention any details about current or expected order book or pending orders for Bandhan Bank. The discussion focuses primarily on financial performance, asset quality, loan growth, advances, deposits, and strategies related to microfinance and secured loan portfolios. Key points mentioned related to growth and financials include: - Advances grew by 10% YoY to INR 1.37 lakh crores as of March 2025. - Secured book grew by 32% YoY, constituting 50.5% of total advances. - Targeted advances CAGR of 15-17% over the next 3 years. - Expected EEB (Enterprise & Emerging Businesses) portfolio net growth of INR 5,000 crores in FY26. - Operating expenses and investments planned to grow alongside business expansion. No specific information about order books or pending orders is provided in the transcript.