The Board of Directors of Bandhan Bank Ltd. on January posted a net profit of Rs 859 crore for the third quarter of financial year 2021-22, which marked a 35.7 percent year-on-year (YoY) jump as compared to Rs 633 crore profit logged in the same quarter last fiscal year.
The Net Interest Income (NII) for the quarter ending December 2021 grew by 2.6 percent to Rs 2,124.7 crore, as against Rs 2,071.7 crore in the last period. The total deposits of the lender increased by 18.7% YoY to Rs 84,499.8 crore as f December 2021.
“We have seen all round recovery during the quarter with improved collection and increase in disbursement”, said the Managing Director and CEO Chandra Shekhar Ghosh commenting on the financial performance.
The total number of ATMs stood at 489 as December 31, in the year 2021. During the quarter the number of employees of the bank has gone up from 52,976 to 55,341, the CEO added.
“Q4 historically has been the best quarter for the bank and we are positive of our business going forward”, added Ghosh.
