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Bandhan Bank Q2 Results: Its gross NPA stood at 4.7 percent at the end of existing 2nd quarter, as contrasted to 7.3 percent in the previous equivalent duration.
Bandhan Bank has actually proclaimed its Q2 economic outcomes.
Bandhan Bank on Friday reported a 30 percent boost in its web revenue for 2nd quarter of the existing financial to Rs 937 crore. Its web passion margin (NIM) throughout July-September 2024 stood at 7.4 percent as contrasted to 7.2 percent in the previous equivalent duration.
The economic sector lending institution had actually published an internet revenue of Rs 721 crore in the year-ago duration, according to a regulative declaring.
The financial institution claimed in a declaration on Friday that its operating revenue stood at Rs 1,855 crore in Q2 FY25, signing up a surge of 17 percent over Rs 1,583 crore in the comparable previous duration.
Provisions and backups credited make money and loss through was Rs 606 crore, contrasted to Rs 636 crore in the previous equivalent duration.
Deposits of the financial institution at the end of existing 2nd quarter stood at Rs 1.43 lakh crore, while advancements at Rs 1.31 lakh crore.
Collection performance proportion for micro-credit at the end of 2nd quarter stood at 98.1 percent. Gross NPA stood at 4.7 percent at the end of existing 2nd quarter, as contrasted to 7.3 percent in the previous equivalent duration.
Net NPA of the financial institution stood at 1.3 percent, as versus 2.3 percent in the 2nd quarter of last fiscal year.
