Bandhan Bank’s Q1 profit jumps 45.55%
Other income grew 48.18% to ₹312.21 crore from ₹210.69 crore a year ago
Bandhan Bank’s provisions rose 56% y-o-y to ₹125 crore in the June quarter of FY20
Private sector lender Bandhan Bank on Friday reported a 45.55% year-on-year rise in net profit to ₹701.14 crore in the June quarter on higher net interest income and other income. The profit was higher than the ₹622.7 crore estimated analysts. Net interest income, the difference between interest earned and expended, rose 35.98% to ₹1,410.38 crore against the year-ago period.