Bandhan Bank Q3 net climbs 10% YoY to Rs 331 crore; stock surges over 4%

Private sector lender Bandhan Bank on Thursday reported a 10.3 per cent rise in its net profit at Rs 331 crore for third quarter (October-December) of FY18-19. The company had logged PAT of Rs 300 crore in the corresponding quarter of the previous year. 

Operating profit for the quarter increased by 56.8 per cent at Rs 900 crore against 1,574 crore in the corresponding quarter of the previous year, the company said in its press release. 

"Our core business of Microbanking and Deposits - particularly retail including CASA has continued its strong performance in Q3FY19. With the announcement of the