Bandhan Bank said net interest income (NII) for the quarter increased 11.53 per cent YoY to Rs 4,523 crore from Rs 4,055 crore in the same quarter last year.
Bandhan s profit numbers were poorer than what analysts expected earlier. This despite lower provisions during the quarter at Rs 602 crore against Rs 642 crore in the year-ago period, which helped credit cost to fall 30 basis points to 2.4%.