Bandhan Bank Q1 Results: Net Profit Falls 32% On Higher Provisioning
Jul 30 2021, 7:00 PM
July 30 2021, 4:49 PM
July 30 2021, 7:00 PM
Bandhan Bank Ltd.'s quarterly profit fell on higher provisions in anticipation of a rise in borrower stress.Net profit fell 32% year-on-year to Rs 373 crore in the quarter ended June, it said in an exchange filing. Analysts polled by Bloomberg had estimated the metric at Rs 275 crore. The Kolkata-based lender's net interest income, or core income, rose 16.7% to Rs 1,811 crore compared with the Rs 1,977-crore forecast.
Bandhan Bank Ltd.'s quarterly profit fell on higher provisions in anticipation of a rise in borrower stress.