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Bandhan Bank reports net loss of Rs 3009 crore in Q2

30 Oct 2021 Evaluate

Bandhan Bank has reported results for second quarter ended September 30, 2021.

The Bank has reported net loss of Rs 3008.60 crore for the quarter under review as against net profit of Rs 920.01 crore for the same quarter in the previous year. However, total income of the bank increased by 3.03% at Rs 3672.51 crore for Q2FY21 as compared Rs 3564.46 crore for the corresponding quarter previous year.

The Bank’s gross NPA to gross for the July- September quarter of the current fiscal increased to 10.82%, as compared to 1.18% in the same quarter of the previous year. Besides, Bank’s Net NPA to net advances stood at 3.04% in Q2FY22.

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