Bandhan Bank Reports 20% Rise in Q4 Profits

By Olga Robert
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    The new listed private sector lender Bandhan Bank reported a 20.3 percent rise in its fourth quarter (Q4) profit at Rs 388 crore from Rs 322 crore in the corresponding quarter last year.

    It reported a Net Interest Income (NII) of Rs 863 crore for the quarter ended March 2018, which is 25.2 percent higher than Rs 689 last year.

    Bandhan Bank Reports 20% Rise in Q4 Profits

    Its Net Interest Margin (NIM) for the same quarter under review was 9.3 percent against 10.7 percent during the fourth quarter last year.

    The gross NPAs (Non-Performing Assets) for the grew by 332.5 percent year-on-year (YoY) to Rs 373.14 crore from Rs 86.26 crore last year. The figure has however sequentially gone down compared to the Rs 386.29 crore in the third quarter ended December 2017.

    It stood at 1.25 percent, as a percentage of its total loans compared to 1.67 percent in the third quarter, which was 0.51 percent in the corresponding quarter of the last year.

    On a YoY basis, provisions and contingencies surged 200% to Rs 109.08 crore in the quarter from Rs 36.44 crore. On a quarter-on-quarter basis, they fell by 11% from Rs 122.55 crore.

    Read more about: bandhan bank
    Story first published: Friday, April 27, 2018, 14:26 [IST]
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