Bandhan Bank has reported results for first quarter ended June 30, 2023 (Q1FY24).
Bandhan Bank has reported 18.66% fall in its net profit at Rs 721.05 crore for the quarter under review as compared to Rs 886.50 crore for the same quarter in the previous year. However, total income of the bank increased by 11.92% at Rs 4,908.03 crore for Q1FY24 as compared Rs 4,385.15 crore for the corresponding quarter previous year.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.