Bandhan Bank Q3 Profit Declines 52%
📉 Bandhan Bank: Q3 Performance Brief
Bandhan Bank reported a significant drop in its **third-quarter profit**, which decreased by **52%** to **Rs 206 crore**.
This decline was primarily due to lower **core income** and **other income** streams. The absence of **one-time gains** recorded in the previous year also impacted the results.
---
**Asset Quality and Growth**
Despite the profit decline, the bank's **asset quality** saw an improvement. This was achieved through the successful sale of **bad loans**, which reduced **Non-Performing Assets (NPAs)** and, consequently, eased **provisioning** requirements.
The bank maintained steady growth in both **advances** (loans) and **deposits**.