All Rights Reserved Finance News 2020.
Bandhan Bank Q3 benefits: Net profit rises 36% to Rs 859 cr
New Delhi: upon Friday reported some sort of 36 per cent within net profit from Rs 859 crore for the third one fourth ended December 31, 2021. The exclusive sector lender experienced posted a web profit of Rs 633 crore inside same period of the last fiscal year.
Total income during the one fourth under review elevated by 8.7 per cent to Rs a couple of,837 crore from Rs 2,625 crore inside same period of 2020-21, Bandhan Bank mentioned in a regulatory processing.
The net desire income rose to some extent to Rs a couple of,124.8 crore as against Rs 2,071.7 crore.
On the particular asset quality top, gross non-performing resources (NPAs) rose substantially to 10.81 per cent of yucky advances against 1.1 per cent inside year-ago period. Also, net NPAs elevated to 3.01 per cent from zero.26 per cent.
However, provisions other than levy and contingencies rejected to Rs 805.71 crore when compared to Rs a single,077.83 crore earlier.
Net Desire Margin also stowed to 7.almost eight per cent during the one fourth from 8.3 or more per cent in the similar period of the previous financial.
“Despite technological write off of Rs 1200 crore in the quarter, Provision Policy Ratio (PCR) increased from 74.a single per cent as upon September 30, 2021 to 74.5 per cent as upon December 31, 2021,” it mentioned.