1 year, 2 months ago
Bandhan Bank Q2 profit jumps over 3-fold to ₹721 cr
Hindustan TimesBandhan Bank on Wednesday reported over three- fold jump in net profit at ₹721 crore for the second quarter ended September 30, 2023. Bandhan Bank The Kolkata-headquartered private sector lender had posted a profit of ₹209.30 crore for the same quarter a year ago. On the asset quality front, the lender reported deterioration as gross non-performing assets rose to 7.32 per cent of gross advances at end-September 2023 from 7.19 per cent by the end of second quarter of 2022-23. Net interest margin of the bank improved to 7.2 per cent in Q2 FY24 from 7 per cent in Q2 FY23.
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