Bandhan Bank's third quarter results: private lenders' profits increase by 10%, asset quality deteriorates; Highlights

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Results of the Bandhan Bank Q3: Bandhan Bank announced Thursday a 10.4% increase in profits for the quarter ended December, due to higher interest income.

Results of the Bandhan Bank Q3: Bandhan Bank announced Thursday a 10.4% increase in profits for the quarter ended December, due to higher interest income. Net profit amounted to 331.3 billion rupees during the period, compared with 300 billion rupees the previous year, said the private lender.

However, the quality of the bank's assets last year deteriorated with gross doubtful accounts as a percentage of total claims rising to 2.41% at the end of December, compared with 1, 29% in the previous quarter and 1.67% per year. earlier.

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The lender made a provision of 385 million rupees for its exposure to a borrower in the infrastructure and finance sector, said the bank. Total provisions, after taking into account a recovery for cash investments, more than tripled to 3.78 billion rupees.

Highlights

Net interest income (NII) for the quarter increased by 53.5 percent to Rs. 1124 crore from Rs. 732 crore in the corresponding quarter of the previous year.

Non-interest income increased 4.81% to Rs. 234 crore for the quarter ended December 31, 2018, compared to Rs 158 crore in the same quarter last year.

Operating profit for the quarter increased by 56.8% to Rs. 900 crore compared to Rs. 1,574 crore in the corresponding quarter of the previous year.

The net interest margin (NlM) for the current quarter is 70.3%, compared to 9.9% in the same period last year and 9.7% for the same period last year. Fiscal year 2017-2018.

CASA ratio at 41.4% of total deposit, compared to 33.2% for the corresponding period of last year

CASA increased 7.7% Y-o-Y to a crore of 14,342 rupees, compared to 8,401 crore.

Tota | Advances (on pound + pound) increased by 46.1% of crore from 35,599 rupees to 31st December 2018 against 24,364 crore as at 31st December 2017

Total deposits increased by 36.9%, as at December 31, 2018 they amounted to Rs 34,639 crores compared to Rs 25,294 crores as of December 31, 2017.

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