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Bandhan Bank reports 10% rise in Q3 net profit

Bandhan Bank reports 10% rise in Q3 net profit

Bandhan Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 10.40% rise in its net profit at Rs 331.27 crore for the quarter under review as compared to Rs 300.05 crore for the same quarter in the previous year. Total income of the Bank increased by 40.95 % at Rs 1883.65 crore for Q3FY19 as compared Rs 1336.43 crore for the corresponding quarter previous year.

The Bank’s gross NPA to gross advances for the October-December quarter of the current fiscal increased to 2.41%, as compared to 1.67% in the same quarter of the previous year. Besides, Bank’s Net NPA to net advances stood at 0.70% in Q3FY19.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

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