Bandhan Bank introduced its April-June quarter outcomes for the monetary 12 months 2021-22, reporting a internet revenue of Rs 373 crore, down 32 per cent year-on-year, in comparison with Rs 549.80 crore within the corresponding quarter final 12 months. The Kolkata-based financial institution’s internet curiosity earnings or NII within the first quarter of the present fiscal grew by 16.7 per cent to Rs 2,114.1 crore, in comparison with Rs 1,811.5 crore within the corresponding eperiod of the earlier monetary 12 months.
The financial institution’s internet non-performing property (NPAs) by June 2021 stood at Rs 2,457.9 crore (at 3.Three per cent), in comparison with Rs 2,861.Zero crore ( at 3.5 per cent) within the previous January-March quarter of fiscal 2020-21.
Bandhan financial institution’s non-interest earnings elevated 37.7 per cent to Rs 533.four crore within the June quarter, in comparison with Rs 386.Eight crore in the identical quarter final 12 months. The working revenue for the quarter grew by 18.1 per cent to Rs 1,871.1 crore, in comparison with Rs 1,584.2 crore within the corresponding quarter final 12 months.
The financial institution’s gross NPAs within the June quarter stood at Rs 6,440.four crore ( at 8.2 per cent), in comparison with Rs 5757.Eight crore (at 6.Eight per cent) within the March quarter.
On Friday, July 30, shares of Bandhan Bank settled 0.43 per cent decrease at Rs 291.30 apiece on the BSE. Bandhan Bank opened on the BSE at Rs 293, touching an intra day excessive of Rs 295.50 and an intra day low of Rs 290.70, all through the buying and selling session at this time.