Bandhan Financial Institution: Bandhan Bank Q1 Results: Net profit doubles to Rs 887 crore

On Friday, June quarter net profit more than doubled to Rs 886.5 crore in April-June 2022-23, helped by lower bad loans. Kolkata Head Office non-public sector the lender had posted an online gain of Rs 373.1 crore in the previous year.

Total source of income above Rs 2,844.1 crore vs. Rs 2,731 crore. The interest source of the lender’s income has risen from Rs 2,114.1 crore to Rs 2,514.4 crore, Bandhan Bank said in a regulatory submission.

On entry of high-quality asset, lender saw gross growth non-performing goods (NPA) fell to 7.25 percent of gross advances at the end of June 2022 from 8.18 percent in the previous year.

Net NPA also declined to 1.92 percent from 3.29 percent in the same quarter last year.

As a result, the bank’s provision for impaired loans and contingencies increased several fold to Rs 642.43 crore in the undervalued quarter from Rs 1,460.86 crore 12 months ago, it said. -he declares.

Financial institution provision coverage ratio above 74.9 consistent with one hundred as of June 30, 2022 compared to 61.8 consistent with one hundred at the end of June 2021.

The capital adequacy ratio (CRAR) stood at 19.4 percent at the end of June 2022, while the leisure margin increased to eight percent.