Bandhan Bank has reported a 47.5% increase in its net profit for the quarter ended 30 June,2018.
The bank’s profit after tax has been reported at Rs.481.71 crore for the quarter, while in the corresponding period last year it was Rs.326.56 crore. Its net interest income (NII) for the quarter rose 39.5% YoY to Rs.1,037 crore. Non-interest income grew 72.75% to Rs.211 crore.
Further, Chandra Shekhar Ghosh, the bank’s MD and CEO stated, “The start of FY19 has been promising with advances growing YoY by 52%, overcoming the seasonality of the first quarter. We will strive to maintain the growth and quality of assets during this financial year.”