News: Bandhan Bank, a big name in Indian banking, recently shared how well it did from October to December 2023. Let’s talk about the important details of how the bank performed during this time.
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Bandhan Bank’s Q3 results show it can handle changes in the market well. With a big jump in profit and a positive outlook, the bank is still a big name in India’s money world.
Q: How’s Bandhan Bank doing in terms of its profit?
A: Bandhan Bank’s profit has gone up quite a bit, hitting ₹732.7 crore in Q3 2024. This marks a big 152.06% increase from the same time last year.
Q: What made Bandhan Bank’s net interest income grow?
A: The boost in net interest income is because the bank expanded its loan offerings. The loan portfolio grew by 18.6%, reaching ₹1.16 lakh crore, mainly thanks to more loans in retail and commercial banking.
Q: How’s Bandhan Bank holding up in the market?
A: Bandhan Bank is standing strong in the financial world. It has a solid customer base, positive vibes from investors, and keeps delivering good financial results. The bank is set up well for even more success ahead.
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