Business Standard

Bandhan Bank Q2 results: Net profit increases 30% to Rs 937 crore

Net NPAs or bad loans also declined to 1.29 per cent, as against 2.32 per cent in the year-ago period

Bandhan Bank

Bandhan Bank

Press Trust of India New Delhi

Listen to This Article

Bandhan Bank on Friday reported a 30 per cent increase in net profit at Rs 937 crore for the quarter ended September 30, 2024.

The bank had earned a net profit of Rs 721 crore in the year-ago period.

Total income rose to Rs 6,095 crore in the quarter under review, from Rs 5,032 crore in the same period a year ago, Bandhan Bank said in a regulatory filing.

Interest income of the bank rose to Rs 5,500 crore in the July-September quarter, from Rs 4,492 crore in the September quarter of 2023.

Asset quality of the bank witnessed improvement with gross non-performing assets (NPAs) falling to 4.68 per cent of gross advances at the end of the September quarter of 2024, as against 7.32 per cent a year ago.

 

Net NPAs or bad loans also declined to 1.29 per cent, as against 2.32 per cent in the year-ago period.

However, the Capital Adequacy Ratio of the bank declined to 14.34 per cent, from 19.21 per cent at the end of September 2023.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 25 2024 | 4:51 PM IST

Explore News