Bandhan Bank Q3 Profit Jumps Over Two-fold to Rs 733 Crore – News18

Private sector Bandhan Bank on Friday reported over two-fold enhance in web revenue at Rs 733 crore for the third quarter ended December 2023 on account of enchancment in core revenue. The Kolkata-based new era financial institution had posted a web revenue of Rs 291 crore within the yr-in the past interval.

The financial institution’s complete revenue elevated to Rs 5,210 crore within the newest December quarter from Rs 4,840.94 crore a yr-in the past, the financial institution stated in a regulatory submitting. The curiosity revenue additionally improved to Rs 4,665 crore as towards Rs 3,808 crore within the third quarter of the earlier fiscal.

Net curiosity revenue rose to Rs 2,530 crore from Rs 2,080 within the corresponding interval of the previous yr. On the asset high quality entrance, the financial institution recorded an enchancment with gross NPAs (Non-Performing Assets) declining to 7 per cent, as in contrast to 7.2 per cent on the finish of October-December quarter of earlier fiscal.

However, web NPAs elevated to 2.2 per cent as towards 1.9 per cent within the earlier yr. Provision and contingencies practically halved to Rs 684 crore over Rs 1,541 crore in FY23.

However, the capital adequacy ratio declined to 17.86 per cent within the December quarter as towards 19.10 per cent.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)