Bandhan Bank third-quarter profit rises 10 percent, but asset quality worsens
Updated : January 10, 2019 02:20 PM IST
Net profit was Rs 331 crore ($46.89 million) for the three months ended Dec. 31, compared to Rs 300 crore a year earlier, said the Kolkata-based bank which listed last year.
But its asset quality worsened, with gross bad loans as a percentage of total loans standing at 2.41 percent at the end of December, compared with 1.29 percent in the previous quarter and 1.67 percent a year earlier.
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