KOLKATA/NEW DELHI: Bandhan Bank on Friday reported over two-fold increase in net profit at Rs 733 crore for the Q3 ended December 2023 due to improvement in core income.
The Kolkata-based new generation bank had posted a net profit of Rs 291 crore in the year-ago period. Its total income increased to Rs 5,210 crore in the latest December quarter fromRs 4,840.94 crore a year ago.
The interest income also improved toRs 4,665 crore as against Rs 3,808 crore in the third quarter of the previous fiscal.
Net interest income rose to Rs 2,530 crore from Rs 2,080 in the corresponding period of the preceding year. Chandra Shekhar Ghosh, MD-CEO, Bandhan Bank said the bank’s secured loans as a percentage of total advances stood at 44.5 per cent at the end of Q3.