Bandhan Bank Q2 net profit rises 245% YoY to ₹721 crore: Net Interest Income up 11.4%
₹721 crore. Bandhan Bank's Net Interest Income has grown to ₹ 2,443 crore in Q2 FY24 from ₹ 2,193 crore in Q2 FY23.
Its Net interest Margins stood at 7.2% in Q2 FY24 which were better than 7.0% seen during the year ago quarter. Mr.
Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank in a statement said that “The performance in this quarter is encouraging for the bank. We have successfully completed a significant IT transformation project which will not only boost customer experience but also our capabilities, resulting in further growth.
The Bank has also made significant progress in diversifying its asset book geographically as well as in terms of product mix, added Ghosh. "We are already seeing signs of uptick in growth and are confident that the Bank is on the expected growth trajectory" said Ghosh "Exciting news! Mint is now on WhatsApp Channels
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