Bandhan Bank Ltd.’s share price gained 1.43% on Monday after the company reported its second quarter results, the bank’s asset quality improved during the quarter under review, with the gross non-performing assets ratio rising to 5.02% from 4.96% in the July-September period. In absolute terms, the gross NPA rose to Rs 7,015.13 crore from Rs 6,622.64 crore in the first quarter.
However, the bank's standalone net profit during the quarter ended September fell 88% to Rs 112 crore, compared to Rs 937 crore in the year-ago period.
Meanwhile, the net NPA ratio expanded 10 basis points to 1.37% from 1.36% in the preceding quarter. In absolute terms, the net NPA rose to Rs 1,843.55 crore from Rs 1,744.15 crore. Total deposits rose 10.9% year-on-year to Rs 15.81 lakh crore. Retail deposits were also up 16% to Rs 1.12 lakh crore.
Wholesale bank represents 29.2% of the total loan book followed by housing and EEB group that represent 23.6% of the total loan book each.
The scrip rose as much as 1.43% to 158.80 apiece. It pared gains to trade 0.89% higher at Rs 156 apiece, as of 10:16 a.m. This compares to a flat NSE Nifty 50 Index.
It has fallen 13.58% in the last 12 months. Total traded volume so far in the day stood at 0.43 times its 30-day average. The relative strength index was at 51.04.