Bandhan Bank slips 4% post Q1 nos; PAT up 45% to Rs 701 cr, NII grows 37%

Gross NPAs as on June 30, 2019 stood at 2.02 per cent against 2.04 per cent as on March 31, 2019 while Net NPAs stood at 0.56 per cent against 0.58 per cent in the previous quarter.

Shares of Bandhan Bank slipped nearly 4 per cent in the intra-day trade on Friday after declaring June quarter results for the financial year 2019-20 (FY20). The lender posted a 45.44 per cent year-on-year (YoY) jump in PAT (profit after tax) or net profit at Rs 701 crore. It had logged PAT of Rs 482 crore in the year-ago period. In the previous quarter, the numbers stood at Rs 651 crore. 

Total income during the quarter under review increased 38.06 per cent YoY and 4.68 per cent QoQ to Rs 1,723 crore while operating profit surged 47.14 per cent YoY and