Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions ...More

Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions and expenses. Fresh slippages in microfinance increased, though bad loan write-offs helped reduce NPA ratios. Operating profit rose 22%, but provisions surged 101%. ...Less

The bank's net interest margin (NIM) for the quarter improved to 7.2% from 6.5% while credit cost eased t ...More

The bank's net interest margin (NIM) for the quarter improved to 7.2% from 6.5% while credit cost eased to 2.5% from 6.4%. Provisions were at Rs 684 crore as compared with Rs 1542 crore. ...Less

The bank had posted a net profit of Rs 300.04 crore in the corresponding quarter last year. ...More

The bank had posted a net profit of Rs 300.04 crore in the corresponding quarter last year. ...Less

According to the provisional updates, the bank’s advances rose 14% on year and 5% sequentially to Rs 1.01 ...More

According to the provisional updates, the bank’s advances rose 14% on year and 5% sequentially to Rs 1.01 lakh crore as on December 31. Total deposits grew by 21% YoY to Rs 1.02 lakh crore, of which, retail term deposits grew by 3% YoY to Rs 33,900 crore. ...Less

Bandhan Bank's net interest income, the difference between interest earned and interest expended, grew by ...More

Bandhan Bank's net interest income, the difference between interest earned and interest expended, grew by 21.4% YoY to Rs 2,525 crore. Pre-provision operating profit dropped by 14% YoY to Rs 1,655 crore, weighed down by higher operating expenses, which increased by 19% to Rs 1,415 crore. ...Less

“The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of as ...More

“The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards," Bandhan Bank MD and CEO Chandra Shekhar Ghosh said. ...Less

Bandhan Bank shares surged 5% after Motilal Oswal and JM Financial upgraded the stock, citing reasonable ...More

Bandhan Bank shares surged 5% after Motilal Oswal and JM Financial upgraded the stock, citing reasonable valuations and favorable risk-reward. Despite a year-on-year profit dip in Q3, sequential performance showed significant improvement. The bank is focusing on digital initiatives and building a more diversified, resilient business for sustainable growth. ...Less

Bandhan Bank's total deposits grew 20.1% YoY to Rs 140,999 crore, but saw a slight QoQ decline of 1.1%. C ...More

Bandhan Bank's total deposits grew 20.1% YoY to Rs 140,999 crore, but saw a slight QoQ decline of 1.1%. CASA deposits rose 5.5% YoY to Rs 44,735 crore but fell 5.4% QoQ. The CASA ratio is now 31.7%, down from 36.1% a year ago. ...Less

Bandhan bank reported profit of Rs 331 crore a growth of 10.3 per cent YoY. ...More

Bandhan bank reported profit of Rs 331 crore a growth of 10.3 per cent YoY. ...Less