Bandhan Bank Net Profit

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

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.

Bandhan Bank's shares jump over 12% as key overhangs get resolved

The bank informed the exchanges that it has received RBI approval to appoint career PSU banker Partha Pratim Sengupta as MD&CEO of the bank for a period of three years

Bandhan Bank stock price surges 12% on healthy June quarter earnings

Bandhan in annual report said that the Bank will continue to focus on retaining its strength in the microfinance market, it will ensure that the agenda of diversification of the asset book is on track

Chandra Shekhar Ghosh's exit may delay Bandhan Bank's recovery: Analysts

The Kolkata-based lender has inducted several senior management officials in the recent past, hence fairly new to the bank

Bandhan Bank Q3 results: Net profit jumps over two-fold to Rs 733 crore

The bank's total income increased to Rs 5,210 crore in the latest December quarter from Rs 4,840.94 crore a year-ago, the bank said in a regulatory filing

Bandhan Bank Q3 profit slumps 66% to Rs 291 crore on higher provisions

Higher provisions for stressed loans also pushed its credit cost up to 6.4% in the quarter from 3.7% a year earlier

Bandhan Bank plans to hike exposure of secured loans to 70% by 2025

Currently, 39 per cent of the asset book is secured

25% micro credit customers graduated to SMEs since Covid: Bandhan Bank MD

Ghosh says bank is looking to increase branch count to 8,000 nationally from the current 5,640

Bandhan Bank Q1 net profit doubles to Rs 887 cr due to decline in bad loans

Total income increased to Rs 2,844.1 crore from Rs 2,731 crore. Interest income of the lender jumped to Rs 2,514.4 crore from Rs 2,114.1 crore, Bandhan Bank said in a regulatory filing.

Bandhan Bank Q4FY22 income up 43% to Rs 3,504.2 cr; profit at Rs 1,902.3 cr

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

Bandhan Bank's pre-tax profit drops 40% in Q1 on higher provisioning

Pre-tax profit of the bank in Q1FY21 stood at Rs 735 crore

Bandhan Bank Q1 net profit jumps 47% to Rs 4.82 billion, NPA up by 0.64%

The bank's shares were trading at Rs 580.25 apiece on BSE at around 1.15 PM, up 3.25 per cent