Kolkata-based private sector lender, Bandhan Bank, revealed a net profit of Rs 733 crore for the third quarter ending December 2023, marking a significant increase from Rs 291 crore during the same period the previous year. The improvement is attributed to enhanced core income. The bank’s total income rose to Rs 5,210 crore, compared to Rs 4,840.94 crore a year earlier. While gross NPAs saw an improvement at 7%, net NPAs increased to 2.2%. The capital adequacy ratio declined to 17.86% from 19.10% in the December quarter.
Bandhan Bank Reports Over Two-Fold Increase in Q3 Net Profit to Rs 733 Crore
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/02/09182557/1546891431-9655-ezgif.com-avif-to-jpg-converter.jpg)