Kolkata: Bank Bandhan Bandhan Bandhan MFI-Private profit increased 35.8 percent at Rs 858.9 Crore during the current third quarter of fiscal, registering an increase from Rs 632.6 Crore in the previous period.
MD and CEO of Bandhan Bank, Chandra Sekhar Ghosh told reporters in virtual mode on Friday that the final quarter of December had become good for banks and growth has risen again after the first fiscal first quarter.
In the second quarter of fiscal at this time, the Bank reported losses of RS 3009 Crore because of higher provisions.
Ghosh said that the billing efficiency (CE) rate had grown overall which reached 93 percent during Q3.
While CE in West Bengal was 97 percent, it was 96 percent in Assam, he said.
According to him, the Bank’s net margin (NIM) reached 7.8 percent, while the NPA was dirty and clean both fell.
The capital adequacy ratio at the end of December Quarter was established at 20 percent, while the ratio of the provision coverage was at 74.4 percent.
During the quarter, the Bank had collected Rs 2500 Crore from restructured loans.
“Stress in the down system that will lead to increased levels of GNPA”, he said.
The microfinance loan section to the overall portfolio during the period reached 52 percent.
Ghosh said that the bank was on track to reduce the share to 50 percent at the end of the financial year.
Bank’s total business at the end of the quarter reached Rs 1,72,000 Crore.