Bandhan Bank Q2 net up 47% to Rs 4.8 bn; net interest income rises 55.6%

Says will submit a strategic plan to RBI to pare stake

Bandhan Bank’s net profit for the second quarter ended September 2018 (Q2FY19) rose 47.4 per cent to Rs 4.88 billion on robust growth in net interest income.

The Kolkata-based private lender had posted a net profit of Rs 3.31 billion in the July-September 2017 quarter (Q2FY18). The net interest income rose 55.6 per cent to Rs 10.78 billion in Q2FY19 from Rs 6.93 billion in Q2FY18. The bank improved its net interest margin (NIM) to 10.3 per cent in Q2FY19 against 9.3 per cent in Q2FY18.

Chandrasekhar Ghosh, the bank’s managing director and chief executive officer, said healthy NIM reflects about 51