Bandhan Bank Net Profit

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

Currently, 39 per cent of the asset book is secured

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

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.

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

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

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

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