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1 min read | Updated on July 26, 2024, 18:19 IST
SUMMARY
Bandhan Bank’s total income increased to ₹6,063 crore against ₹4,908 crore a year ago. On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) improved to 4.23% of gross advances as of June 30, 2024, from 6.76% in the April-June quarter of the previous fiscal.
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Bandhan Bank's interest income grew to ₹5,536 crore in the quarter ended June.
The lender had earned a net profit of ₹721 crore in the year-ago period.
During the quarter, the bank's total income increased to ₹6,063 crore against ₹4,908 crore a year ago, Bandhan Bank said in a regulatory filing.
Interest income grew to ₹5,536 crore during the period under review from ₹4,523 crore in the corresponding quarter a year ago.
On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) improved to 4.23% of gross advances as of June 30, 2024, from 6.76% in the April-June quarter of the previous fiscal.
Net NPAs also declined to 1.15 % of the advances from 2.18% a year ago.
As a result, provisions other than tax and contingencies declined to ₹523 crore against ₹602 crore earmarked during the same quarter a year ago.
The Capital Adequacy Ratio of the bank declined to 14.97% compared to 19.75% on June 30, 2023.
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