Bandhan Bank Q4 net rises 68% at Rs 650.87 crore

May 2 (AZINS) Net profit of private sector Bandhan Bank during the last quarter of FY18-19 increased 68% at Rs 650.87 crore as compared to Rs 388 crore the same period previous fiscal.

Net profit for the whole financial year 2018-19 increased 45% y-o-y at Rs 1951.50 crore as against Rs 1346 crore in the similar corresponding period, the bank said in a statement on Thursday.Net interest margin (NIM) of the bank in the current quarter stood at 10.69% against 9.32% in the corresponding period of the previous year. Total advances of the bank grew 38.46% at Rs 44,776 crore as on March 31, 2019, as against Rs 32,339 crore as on March 31, 2018.

Total deposits increased by 27.64% at Rs 43,232 crore as on March 31, 2019, compared to Rs 33,869 crore as on March 31, 2018, the statement added.Gross NPAs as on March 31, 2019 stood at 2.04% against 2.41% as on December 31, 2018.

CASA ratio of the bank at 40.75% of total deposits, compared to 34.32% in the corresponding period last year.Operating profit for the quarter increased by 63.92% at Rs 1,154 crore against Rs 704 crore in the corresponding quarter of the previous year.