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Bandhan Bank reports 80% fall in Q4 net profit

10 May 2021 Evaluate

Bandhan Bank has reported results for fourth quarter and year ended March 31, 2021.

The bank has reported a fall of 80.08% in its net profit at Rs 103.03 crore for the quarter under review as compared to Rs 517.29 crore for the same quarter in the previous year. However, total income of the bank increased by 13.19% at Rs 3,787.91 crore for Q4FY21 as compared Rs 3,346.47 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the bank has reported a fall of 27.06% in its net profit at Rs 2,205.46 crore as compared to Rs 3,023.74 crore for the previous year. However, total income of the bank increased by 17.68% at Rs 14,633.27 crore for year under review as compared to Rs 12,434.69 crore for year ended March 31, 2020.

Peers
Company Name CMP
HDFC Bank 704.25
ICICI Bank 1345.00
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Kotak Mahindra Bank 443.00
Indusind Bank 852.90
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