Bandhan Bank’s net profit for the second quarter ended September 2018 (Q2FY19) rose 47.4 % to Rs 4.88 billion on strong growth in net interest income.
The Kolkata-based private lender had reported a net profit of Rs 3.31 billion in the July-September 2017 quarter (Q2FY18). The net interest income rose 55.6 % to Rs 10.78 billion in Q2FY19 from Rs 6.93 billion in Q2FY18. The bank improved its net interest margin (NIM) to 10.3% in Q2FY19 against 9.3 % in Q2FY18.
The Kolkata-based private lender had reported a net profit of Rs 3.31 billion in the July-September 2017 quarter (Q2FY18). The net interest income rose 55.6 % to Rs 10.78 billion in Q2FY19 from Rs 6.93 billion in Q2FY18. The bank improved its net interest margin (NIM) to 10.3% in Q2FY19 against 9.3 % in Q2FY18.