Bandhan Bank has recently announced its financial performance for the fourth quarter, showcasing mixed results.
The bank’s Net Interest Income (NII) stood at ₹2,677 crore, reflecting a decrease from ₹2,866 crore on a year-on-year (YoY) basis. This marks a decline of 6.6% compared to the same quarter of the previous year.
However, the bank’s profitability showed significant improvement, with a profit of ₹317 crore, a substantial increase from ₹54.6 crore in the same period last year. This represents a YoY growth of approximately 480%.
In terms of deposits, the bank reported a YoY increase in its deposit base, which rose to ₹1,51,212 crore from ₹1,35,201 crore. This indicates a growth of 11.8% compared to the previous year.
On a quarter-on-quarter (QoQ) basis, the bank’s performance showed minimal change in some key metrics. The Gross Non-Performing Asset (NPA) ratio increased marginally to 4.71% from 4.68% in the previous quarter, reflecting a QoQ rise of 0.64%. Similarly, the Net NPA ratio remained stable at 1.28% QoQ.
