Bandhan Bank's PBT slips 31% to Rs 693 cr on Covid-19 provisioning

The net interest income (NII) of the bank for the quarter grew by about 34 per cent to Rs 1,680 crore, against Rs 1,258 crore in the corresponding quarter of the previous year

Provisioning on account of the Covid-19 pandemic dragged Bandhan Bank’s profit before tax (PBT) by nearly 31 per cent in the March quarter of FY20 at Rs 693.32 crore, as against Rs 999.92 crore in the year-ago period.
 

For FY20, the bank, however, saw a 35 per cent rise in PBT at Rs 4,053 crore.
 

The bank made a provision of about Rs 690 crore on account of Covid-19 in the last quarter. In the last ten days of March alone, Chief Financial Officer Sunil Samdani said, the bank lost on a potential loan book growth of about Rs 2,000-2,500