Bandhan Bank reports 32% fall in Q1 net profit

31 Jul 2021 Evaluate

Bandhan Bank has reported results for first quarter ended June 30, 2021.

The bank has reported 32.15% fall in its net profit at Rs 373.08 crore for the quarter under review as compared to net profit of Rs 549.82 crore for the same quarter in the previous year. However, total income of the bank increased by 15.82% at Rs 3,943.37 crore for Q1FY22 as compared Rs 3404.84 crore for the corresponding quarter previous year.

The bank’s gross Non Performing Asset (NPA) to gross advances for the April-June quarter of the current fiscal increased to 8.18%, as compared to 1.43% in the same quarter of the previous year. Besides, bank’s net NPA to net advances stood at 0.33% in Q1FY22.

Bandhan Bank Share Price

171.15 1.15 (0.68%)
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