Bandhan Bank net rises 18.2%

Kolkata-based private sector lender Bandhan Bank on Saturday reported an over 18% growth in net profit for the quarter to September at ₹331 crore on a substantial rise in both net interest income and non- interest income.

Net interest income for the quarter rose nearly 22% to ₹694 crore from ₹569 crore a year ago, while non-interest income rose a higher 66.42% to ₹223 crore from ₹134 crore.

Its current account-savings account deposits rose to 28.18% of total deposits from 16.71% in the year-earlier period. Total advances in the quarter rose 23.42% to ₹22,111 crore, while deposits grew at 42.29% to ₹25,442 crore.