Bandhan Bank reported a 35% year-on-year increase in first-quarter net profit, reaching ₹501.67 crore.
The private sector lender attributed the growth primarily to a 40.5% decline in provisions, which bolstered the bottom line despite modest pressure on margins.
2%, representing a 16 basis point decline compared to the same quarter last year.
Net interest margin (NIM) for the period stood at 6.2%, representing a 16 basis point decline compared to the same quarter last year.
While the margin compression reflects broader industry trends, the significant reduction in credit costs allowed the bank to deliver strong earnings growth.
The results align with a broader pattern of resilience among Indian lenders.
Peers such as Indian Bank and Central Bank of India have also reported stable or improving profitability metrics in recent quarters, suggesting that the sector is navigating macroeconomic headwinds with relative stability.