This is an archive article published on July 14, 2023
Bandhan Bank Q1 profit slips 19% to Rs 721 crore
Bandhan Bank reported an 18.7 per cent fall in net profit at Rs 721 crore in the June quarter due to a decline in net interest income.
Total income during the quarter under review increased to Rs 4,908 crore from Rs 4,385 crore in FY2023, Bandhan Bank said in a regulatory filing. (File image) Bandhan Bank on Friday reported an 18.7 per cent fall in net profit at Rs 721 crore in the June quarter due to a decline in net interest income.
The Kolkata-based private sector lender had posted a net profit of Rs 887 crore in the year-ago period.
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Total income during the quarter under review increased to Rs 4,908 crore from Rs 4,385 crore in FY2023, Bandhan Bank said in a regulatory filing.
Interest earned by the bank grew to Rs 4,523 crore over Rs 4,055 crore in the June quarter a year ago.
Net Interest Income of the bank declined to Rs 2,491 crore in Q1 FY24 as compared to Rs 2,514 crore in the same quarter a year ago.
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