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Bandhan Bank Profit Soars 68% This Quarter
28 Apr
Summary
- Net profit surged 68% to Rs 534.13 crore in the March quarter.
- Gross advances grew 13% to Rs 1.54 lakh crore, deposits rose 10%.
- Bank announced a dividend of Rs 1.5 per equity share for FY26.
Bandhan Bank has announced a substantial 68% increase in its net profit for the fourth quarter of the current financial year. The standalone net profit for the period ending March reached Rs 534.13 crore, a significant rise from Rs 317 crore in the same period last year. The bank's net interest income also saw a modest increase of 1.4% to Rs 2,800 crore.
Asset quality experienced an upturn, with the gross non-performing assets (NPA) ratio decreasing to 3.27% from 3.33% in the prior quarter. Concurrently, the net NPA ratio compressed slightly to 0.97%. Gross advances expanded by 13% year-on-year to Rs 1.54 lakh crore, while total deposits grew by 10% to Rs 1.66 lakh crore.
Looking ahead, Bandhan Bank declared a dividend of Rs 1.5 per equity share for the fiscal year 2026, distributing approximately Rs 241.65 crore to its shareholders. This dividend distribution is subject to shareholder approval at the upcoming annual general meeting.
