Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves

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The Economic Times daily newspaper is available online now. Read Today's Paper Bandhan Bank Q2 profit jumps 5.6 times as asset quality improvesBy Atmadip Ray, ET BureauLast Updated: Oct 28, 2026, 06:02:00 PM ISTSynopsis

Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew 14%, margins strengthened, gross advances increased 13%, and deposits rose 9% year-on-year.

Bandhan Bank on Wednesday reported an over five-fold jump in net profit for the second quarter at Rs 622 crore over Rs 112 crore in the year-ago period, helped by 38% lower provisions following improvement in asset quality.

The Kolkata-headquartered private sector lender managed to reduce gross non-performing assets ratio to 3.11% at the end of September from 5.02% a year prior in tandem with the recovery in the unsecured loan market, which contributed about a third to its total portfolio.

"I would like to highlight that this is the best profit number in the last eight quarters, instead of the 5.6 times rise, which is a reflection of steady growth helped by a shift towards a more secular and diversified advance portfolio," managing director Partha Pratim Sengupta said after announcing the quarterly earnings.

The bank's pre-provision operating profit for the quarter stood 19% higher at Rs 1,556 crore over Rs 1,310 crore in the year-ago period. The provisions (other than tax) and contingencies charged to the profit and loss account for the quarter were at
Rs 718 crore compared with Rs 1,153 crore earlier.

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Its net interest margin for the second quarter improved to 6.1% from 5.8% in the same period last year. Net interest income grew 14% at Rs 2,960 crore while total income rose 9.5% at Rs 3,458 crore.

The bank's gross advances stood at Rs 1.58 lakh crore at the end of September, growing 13% year-on-year while deposits rose 9% to Rs Rs 1.73 lakh crore.
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