In the last quarter of the financial year 2021, it was reported that the net profit of Bandhan Bank is at a low of 426 crore, which is a 42 percent drop in the fiscal year 2024-25. ‘It was the stock that reached its conclusion to trade higher before the results of the Friday’s trading session.
Bandhan Bank Limited is one of the several banks that can be found in India and which released its Q3 financial performance for the financial year ending December 31, 2019. MeWA has shown its net profit declining to ₹ 426 crore in the third quarter of FY 2024-25 from ₹ 733 crore in the corresponding quarter of FY 2023-24.
Bandhan Bank NPAs
Also, the gross NPA of the bank has been brought down to 4.68 % of the total advances as of the 3rd quarter of the current financial year from 7.02% in the 3rd quarter of the last financial year.
From this data, it is apparent that the operating net nonperforming assets of the company have come down to 1.28 for three months up to December compared to 2.21 in the prior year for a similar three months.
The credit that fails to yield income for the concerned bank or other financial institutions is termed a Non-Performing Asset NPA. This is usually the case when, for a period of time, the borrower cannot make the installment payments on both the principal and the interest.
As it has been stipulated by formal guidelines for classifications of NPAs, a loan is considered as a bad or NPA in the given bank’s account if the borrower fails to make the necessary payments for at least ninety days.
Bandhan Bank’s stock rose up to 2.19 percent in the Next trading session after it closed at ₹151.45 on Friday from ₹148.20 it was at the last trading session on Thursday. Reflects the company’s third-quarter financials that were released on January 31 immediately after the business hours of the stock market.
Asset Quality And Growth Metrics
Despite the decline in profitability, Bandhan Bank’s asset quality showed some resilience. The gross non-performing asset (GNPA) ratio remained stable at 4.68%, while the net NPA ratio slightly improved to 1.28% from 1.29% quarter-on-quarter. Gross advances grew by 14% year-on-year to reach ₹1.32 lakh crore as of December 31, 2024.