ILF&S impact: Bandhan Bank sees provisions triple, NPAs spike in Q3

The lender posted a 10% rise in profit to Rs 331 crore in the December quarter

Kolkata-based lender Bandhan Bank’s third quarter performance was hit by its exposure to the Infrastructure Leasing & Financial Services (IL&FS) group. The bank made a full provision of Rs 385 crore during the December quarter against its exposure to the group, as a result of which the bank saw its non performing assets (NPA) spike and provisions tripled over the year-ago quarter.

Net profit for the quarter (Q3FY19) rose 10.3 per cent to Rs 331 crore against Rs 300 crore a year ago (Q3FY18).