Navigating Challenges: Bandhan Bank's Strategic Pivot in Q3

Bandhan Bank reported a 41.8% year-on-year drop in net profit to Rs 426.5 crore for Q3 FY25. The decline was primarily attributed to higher provisions due to stress in the microfinance portfolio and technical write-offs.

Despite the profit fall, the bank saw positive developments:
- Net Interest Income rose 12% to Rs 2,830 crore
- Gross advances grew 13.9% year-on-year
- Gross NPA reduced to 4.68% from 7.02% a year ago
- Operating profit increased 22% to Rs 2,021 crore

MD Partha Pratim Sengupta noted the bank is implementing guardrails to improve performance in the coming quarters.
Source: Business Standard, Upstox, Economic Times