The lender’s web curiosity revenue (NII) for the reporting quarter rose 21% year-on-year to Rs 3,005 crore as towards Rs 2,491 crore in the identical quarter of earlier yr.
Working revenue jumped 24% year-on-year to Rs 1,941 crore in Q1FY25, in contrast with Rs 1,562 crore within the corresponding quarter of final yr.
The provisions (aside from tax) and contingencies charged for the June quarter diminished to Rs 523 crore from Rs 602 crore in year-ago quarter.
On the asset high quality entrance, the financial institution’s gross non-performing property (NPA) improved year-on-year to 4.2% in Q1FY25 in comparison with 6.8% in Q1FY24. In the meantime, web NPAs too declined to 1.1% in Q1FY25 vs 2.2% a yr in the past.Provision protection ratio on the finish of June quarter stood at 73.7% as towards 71.8% within the earlier quarter.As of June 2024, whole deposits stood at Rs 1.33 lakh crore as towards Rs 1.08 lakh crore within the earlier yr, exhibiting a development of 23% year-on-year and a decline of 1.5% quarter-on-quarter.In the meantime, gross advances had been at Rs 1.26 lakh crore as towards Rs 1.03 lakh crore within the earlier yr, up about 22% year-on-year and 0.7% quarter-on-quarter.
The Financial institution’s capital adequacy ratio together with earnings stood at 15.7% on the finish of June quarter as towards a regulatory requirement of 11.5%.
“In the course of the first quarter of the yr, the financial institution has achieved outstanding development throughout key metrics. Our strong efficiency displays our staff’s resilience and strategic agility amid difficult market situations,” stated Ratan Kumar Kesh, MD & CEO, Bandhan Financial institution.
