FY19 Q2 Earnings "Bhandhan Bank"
Bhandhan Bank Q2 profits rise 47% YOY to Rs 488 cr. It had reported Rs 331 cr profit in the coresponding quarter last year.
NII(Net Interest Income) for the rise 55.6% YOY to Rs 1080 cr.
NIM (Net Interest Margin) increase 10.3% compared with 9.3% in the previous year.
Gross NPA remain stable at 1.29% compared with 1.26% in the last quarter.
The bank said it is committed to maintain compliance as per RBI norms and try to reduce the stake of the promoter below 40%
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