Bandhan Financial institution on Friday documented 32 per cent drop in net earnings at Rs 373.10 crore for June quarter 2021-22 as provisions for poor loans spiked.

The financial institution had posted a net earnings of Rs 549.eighty crore in the similar quarter a yr ago.

Whole cash flow even so was up twenty.4 per cent at Rs 2,647.fifty crore in the quarter as against Rs 2,198.30 crore in the yr-ago period, the financial institution claimed in a regulatory submitting.

Bank’s gross non-carrying out assets (NPAs) spiked to 8.2 per cent of gross developments as of June 30, 2021 from 1.4 per cent by June 2020.

Internet NPAs (or poor loans) also jumped to 3.3 per cent from .five per cent.

Provisions for poor loans and contingencies rose to Rs 1,374.87 crore in the quarter from Rs 849.06 crore parked aside in the yr-ago period.

Bandhan Financial institution inventory settled .forty three per cent up at Rs 291.30 on BSE.

(Only the headline and photograph of this report may possibly have been reworked by the Company Regular workers the rest of the content material is automobile-generated from a syndicated feed.)

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Bandhan Financial institution on Friday documented 32 per cent drop in net earnings at Rs 373.10 crore for June quarter 2021-22 as provisions for poor loans spiked.

The financial institution had posted a net earnings of Rs 549.eighty crore in the similar quarter a yr ago.

Whole cash flow even so was up twenty.4 per cent at Rs 2,647.fifty crore in the quarter as against Rs 2,198.30 crore in the yr-ago period, the financial institution claimed in a regulatory submitting.

Bank’s gross non-carrying out assets (NPAs) spiked to 8.2 per cent of gross developments as of June 30, 2021 from 1.4 per cent by June 2020.

Internet NPAs (or poor loans) also jumped to 3.3 per cent from .five per cent.

Provisions for poor loans and contingencies rose to Rs 1,374.87 crore in the quarter from Rs 849.06 crore parked aside in the yr-ago period.

Bandhan Financial institution inventory settled .forty three per cent up at Rs 291.30 on BSE.

(Only the headline and photograph of this report may possibly have been reworked by the Company Regular workers the rest of the content material is automobile-generated from a syndicated feed.)

Expensive Reader,

Company Regular has normally strived really hard to supply up-to-date data and commentary on developments that are of fascination to you and have broader political and economic implications for the country and the environment. Your encouragement and regular feed-back on how to strengthen our featuring have only created our take care of and commitment to these ideals more powerful. Even during these difficult times arising out of Covid-19, we continue on to continue to be fully commited to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical difficulties of relevance.
We, even so, have a request.

As we battle the economic impression of the pandemic, we need your aid even additional, so that we can continue on to offer you you additional good quality content material. Our membership design has witnessed an encouraging response from quite a few of you, who have subscribed to our on line content material. Far more membership to our on line content material can only assist us obtain the aims of featuring you even much better and additional related content material. We believe that in no cost, reasonable and credible journalism. Your aid via additional subscriptions can assist us practise the journalism to which we are fully commited.

Assist good quality journalism and subscribe to Company Regular.

Digital Editor