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HomeThe Insider’s ViewBusiness ProfilesProfit soars 245% to Rs 721cr on loan portfolio

Profit soars 245% to Rs 721cr on loan portfolio

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Private lender Bandhan Bank on Wednesday reported a whopping 245 per cent jump in its net profit to Rs 721 crore in the second quarter of the 2023-24 fiscal as compared to Rs 209 crore in the year-ago period.


The loan portfolio of the Kolkata-headquartered bank at the end of the July-September quarter stood at Rs 1.08 lakh crore, reflecting a 12.3 per cent rise over the corresponding period last year.


Bandhan Bank MD & CEO Chandra Shekhar Ghosh said the total deposits of the lender at the end of the quarter stood at Rs 1.12 lakh crore, registering a growth of 12.8 per cent year-on-year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Oct 18 2023 | 4:17 PM IST

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