Bandhan Bank's net profit more than doubles to Rs 731 crore in Q3

Bandhan Bank’s net profit more than doubled in the third quarter of financial year 2019-20 (Q3FY20) to Rs 731 crore, largely driven by interest income. This was higher than the net profit of Rs 331 crore it reported in the year-ago period on a standalone basis.

Sequentially, net profit declined 24.79 per cent as it registered a profit of Rs 972 crore in Q2. To be sure, the Q3 figures are not comparable with the corresponding figures of the previous year after the merger of Gruh Finance, which came into effect on October 17, 2019.

The net interest income of