Bandhan Bank reported a 47% rise in Q1 net profit to Rs 1,063 crore for FY 2024-25, with 23% growth in deposits and gross advances.
Bandhan Bank, a private lender, reported a 47% rise in its Q1 net profit to Rs 1,063 crore for the financial year 2024-25, with operating profit up 24% to Rs 1,941 crore. Deposits and gross advances grew 23% each, reaching Rs 1.33 lakh crore and Rs 1.26 lakh crore. Gross NPA fell to 4.2% from 6.8% in the previous year, while the net NPA was at 1.1%. Bandhan Bank is focused on expanding secured loans and has a capital adequacy ratio of 15.7%.
July 26, 2024
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