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Don’t miss the latest developments in business and finance.
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
