'Bandhan Bank has reported
47% growth in net profit at Rs 1063.46 crore for the quarter ended June 2024
(Q1FY2025). The bank has posted healthy 21% growth in net interest income
(NII), while the core fee income of the bank also improved 47% in Q1FY2025. The
Net Interest Margin (NIM) of the bank improved to 7.60% in Q1FY2025 compared to
7.30% in the corresponding quarter of previous year.
On business front, the bank as has
posted 22% growth in business with strong 22% surge in loan book. The asset
quality of the bank was stable in Q1FY2025. Bank has reduced the credit to
deposit ratio to 94.3% at end June 2024 from 95.1% at end June 2023. However,
the CASA ratio of the bank has eased to 33.4% at end June 2024 from 36.0% at
end June 2023.
Asset quality improves: The bank has maintained stable asset
quality in Q1FY2025.
The fresh slippages of loans declined Rs
890 crore in Q1FY2025 compared ...
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