On the year-on-year basis, the profit of Bandhan Bank registered a growth of 10.3% against the third quarter of the financial year 2017-18, in the same period of the current business year.
The bank’s net profit has increased from Rs 300 crore to Rs 331 crore. Meanwhile, net interest income of the bank stood at Rs. 1,124 crore with an increase of 53.5% to Rs. 732 crores. At the same time, the bank received 48.1% more than Rs. 234 crores as non-interest income from Rs. 158 crores.
ICICI Securities has said the bank’s results are strong. However, the profit of bondage bank is less than the broking firm’s estimation of Rs 488 crore.
Apart from this, the net NPA ratio of Bond Bank was reduced from 0.8% to 0.7% on an annual basis, but the gross NPA ratio was 2.4% compared to 1.7%. Bandhan Bank’s net interest margin increased by 9.7% to 10.3%. During this period, the CASA (Current Account Savings Account) ratio of bonds increased to 41.4% from 33.2%.
On the total deposits, on the basis of year-on-year basis, the bank’s net income increased by 36.9% to Rs 34,639 crore and the total debt portfolio grew by 46.1% to Rs 35,599 crore in October-December quarter compared to Rs 25,294 crore.
On the other hand, Bond Bank’s share in the BSE has climbed up to Rs 456.00 from today’s close of Rs 454.35 and opened up to the highest level of Rs 474.50 during trading. Nearly 3 a.m., the shares of the bank are trading at Rs. 474.85, with the strength of 20.10 rupees or 4.42%. In the last 52 weeks, the highest share of the bank’s stock is Rs 741.00 and the lower level is Rs 369.15.
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