Bandhan Bank Q3 results: Net profit slips 42% to ₹427 crore, NII surges 12%

The net profit fell due to a decline in the bank’s asset quality, with gross net-performing assets (GNPA) slumping 24.1% to ₹6,179 crore in Q3 FY25 as compared to ₹8,136 crore in the Q3 of the 2024-25 financial year (Q3 FY24).

Bandhan’s net NPA stood at ₹1,637 crore in Q3 of the 2024-25 fiscal, sliding 32.9% from ₹2,440 crore in Q3 FY24.

However, the bank’s net interest income (NII) rose 12% YoY to stand at ₹2,830 crore, in Q3 FY25 compared to ₹2,525 crore in the same period last year.

“Bandhan Bank’s performance in the third quarter reflects sustainable growth, with a strong focus on risks and compliance. Our continued success is built on the trust of our customers and the hard work of our employees,” Partha Pratim Sengupta, Bandhan’s managing director and CEO commented.

With growth in our loan book and a focus on technological innovation, improving processes, and strengthening our products and teams, Bandhan Bank is well-positioned for the next phase of growth as we evolve into Bandhan Bank 2.0,” Sengupta added.

The bank’s gross advances grew 13.9% YoY, mainly driven by secured loans, which was up 34% YoY, it said in a press release.

Shares of Bandhan Bank closed in the green at ₹151.60, up 2.26 % on the National Stock Exchange (NSE) on January 31. However, its results were announced after the market hours.

About the bank

Bandhan is a private-sector bank with nearly 6,300 outlets. Its presence spans across 35 of the 36 states and union territories in India.

The bank’s advances stood at ₹1.32 lakh crore and had a deposit base of ₹1.41 lakh crore as of December 31, 2024.

Bandhan Bank has a total market capitalisation of ₹24,422.33 crore as of January 31, 2025, on the NSE.