Bandhan Bank Q3 results: Profit rebounds as bad loans ease — the numbers markets will read
Bandhan Bank’s net profit rose 84% quarter-on-quarter to 2.06 billion rupees but fell 52% from a year earlier. Gross bad-loan ratio dropped to 3.33% from 5.02% last quarter. Deposits climbed 11% to 1.57 trillion rupees, and advances increased 10% to 1.45 trillion. Shares closed up 3.3% on Thursday.