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Bandhan Bank Ltd Q2FY24; 245% rise in Profits

Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking.

Financial Results:

Bandhan Bank Ltd reported Revenues for Q2FY24 of ₹4,492.00 Crores up from ₹3,773.00 Crore year on year, a rise of 19.06%.

Total Expenses for Q2FY24 of ₹4,085.00 Crores up from ₹3,976.00 Crores year on year, a rise of 2.74%.

Consolidated Net Profit of ₹721.00 Crores up 244.98% from ₹209.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.48, up 244.62% from ₹1.30 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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