Bandhan Bank's asset quality is currently the best, with the net non-performing assets (NPAs) coming in at 0.56 percent, said Chandra Shekhar Ghosh, MD and CEO of the bank, after the lender announced its Q2 results.
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The bank reported a net profit of Rs 972 crore for the second quarter as against Rs 488 crore in the same period last year.
“The total microcredit book was 85 percent, now it has come to 61 percent. Our portfolio quality is the best. 0.56 percent is the net NPA, so GRUH is also on the same line," said Ghosh in an interview with CNBC-TV18.
“We have three pillars of the bank to increase the book of the advance —microcredit, affordable housing and MSME... we got 195 outlets from the GRUH Finance through which we are providing the affordable housing loan to the people," he added.
Talking about further divestment, he said, “It is an issue for us also, we are trying to quickly comply with the RBI norms. We have already reduced the stake by 21 percent through GRUH merger. So we will sit with our team and see how can we further comply with that.”