Bandhan Bank reports 35.7% net profit in Q 3

Bandhan Bank announced its third quarter results on Friday. It said its net profit grew by 35.7 per cent in Q 3 FY 22 to Rs 859.0 crore, from Rs 632.6 crore in Q 3 FY 21. NII's net interest income grew by 2.6 per cent to Rs 2,124. 7 crore as against 2,071 rupees. In the corresponding quarter of the previous year, there were 7 crore. Non-interest income grew by 26.7 per cent to Rs 712.3 crore for the quarter ended December, as opposed to Rs 562.3 crore in the same period last year.

Bandhan Bank's total deposits increased by 18.7 per cent to Rs 84,499. As of December 31, 2021, 8 crore were against Rs 71,188. As of December 31, 2020, there were 3 crore. Total advances grew by 9.6 per cent to Rs 87,997. In the quarter that was under review, 7 crore were against 80,255. In the previous year, there was 2 crore.

6 crore 10.81 per cent against Rs 8,763 was the same as a result of 6 crore 10.81 per cent. 6 crore 10.82 per cent were recorded on September 30, 2021. Net NPAs, on the other hand, stood at Rs 2,413. On December 30, 1 crore 3.01 per cent was better than 2,265. As of September 30, 2021, 8 crore 3.04 per cent were reported.

Chandra Shekhar Ghosh, Bandhan Bank's Managing Director and CEO, said the lender has seen an all-round recovery during the quarter with improved collection and increase in disbursement. Q 4 has been the best quarter for the bank and we are positive that our business will go forward. The bank has a diversification strategy in place for FY 25, as the group loan share in total advances has been reduced to 52 per cent, according to the group's loan share in total advances.

On December 31, 2021, the bank had 5,626 outlets, including 1,176 branches, and 4,450 banking units. It had 489 ATMs.