Bandhan Bank Q4 Profit Falls By 20 % To Rs 517 Crore

Net intrigue salary for the quarter developed by 33.57 percent to Rs 1,680 crore as against Rs 1,258 crore in the relating quarter of earlier year.

Bandhan Bank Q4 Results Profit Dip Stock market news

Bandhan Bank Q4 Results; Profit Dip News

Bandhan Bank said on Tuesday its net benefit for the January to March quarter shrank by 20.58 percent to Rs 517 crore against Rs 651 crore in the comparing quarter of earlier year.

In Q4 FY 20, the bank has taken extra arrangement on standard resources because of Covid-19 adding up to Rs 690 crore. All the more worryingly, net non-performing resources (NPAs) as on March 31 remained at Rs 993 crore (1.48 percent) against Rs 820 crore (2.04 percent) a year back. Net NPAs totalled Rs 389 crore (0.58 percent) against Rs 228 crore (0.58 percent) a year ago.

Be that as it may, net intrigue salary for the quarter developed by 33.57 percent to Rs 1,680 crore as against Rs 1,258 crore in the relating quarter of earlier year.

Non-intrigue pay developed by 28.87 percent to Rs 500 crore for the quarter finished March 31 against Rs 388 crore in the relating quarter of earlier year.

All out advances developed by 60.46 percent to Rs 71,846 crore as on March 31 against Rs 44,776 crore a year ago and 9.76 percent quarter-on-quarter against Rs 65,456 crore as on December 31, 2019.

All out stores expanded by 32.04 percent to Rs 57,802 crore as on March 31 when contrasted with Rs 43,232 crore as on March 31 a year ago and 3.96 percent quarter-on-quarter against Rs 54,908 crore as on December 31, 2019.

In January a year ago, Gruh Finance was taken over by Bandhan Bank in an offer trade bargain. The loan specialist has 4,559 financial outlets comprising of 1,018 branches, 33,46 financial units and 195 Gruh focuses other than 485 ATMs.


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