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Change in business mix weighs on Bandhan's interest margin in FY18

Even as the cost of moving to a universal bank is reflecting on its profitability, analysts see strong growth and earnings visibility going ahead

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Bandhan Bank

Shreepad S Aute 



bandhan bank

After a sturdy listing in March 2018, (Bandhan) turned in satisfactory FY18 numbers on Friday. Overall assets under management (AUM, size of loan book) of the bank surged by 37.4 per cent year-on-year to Rs 323.39 billion as of March 2018, pushing its net interest income (NII, difference between interest earned and interest expended) and net profit upward by 26.1 per cent and 21 per cent, to Rs 30.32 billion and Rs 13.46 billion, respectively.

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First Published: Tue, May 01 2018. 23:43 IST

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