Bandhan Bank quarterly profit jumps 47 percent
- By Reuters |
- Oct 10, 2018
- Last Updated at 14:42 IST
Bandhan Bank Ltd posted a 47.3 percent jump in second-quarter profit on Wednesday, helped by higher interest earned.
Net profit rose to 4.88 billion rupees ($65.8 million) for the quarter ended Sept. 30, from 3.31 billion rupees a year earlier, the Kolkata-based bank said https://bit.ly/2pIF049 in a statement.
Gross bad loans as a percentage of total loans stood at 1.29 percent by end-September, compared with 1.26 percent in the previous quarter and 1.43 percent a year earlier.
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