Bandhan Bank reported a 30% increase in net profit, reaching ₹937 crore for Q2 FY2024-25, compared to ₹721 crore in the same quarter last year. The bank’s total income rose to ₹6,095 crore, up from ₹5,032 crore in the previous year, driven by strong interest income growth, which reached ₹5,500 crore from ₹4,492 crore year-on-year, according to the bank’s regulatory filing.
The asset quality improved as gross non-performing assets (NPAs) fell to 4.68% of gross advances from 7.32% last year. Net NPAs also saw a decline, dropping to 1.29% from 2.32% in the year-ago period, highlighting an overall strengthening of the bank’s loan portfolio.
However, the bank’s Capital Adequacy Ratio declined to 14.34%, down from 19.21% at the end of September 2023.
