Kolkata-based lender Bandhan Bank’s third quarter performance was hit by its exposure to the Infrastructure Leasing & Financial Services (IL&FS) group. The bank made a full provision of Rs 385 crore during the December quarter against its exposure to the group, as a result of which the bank saw its non performing assets (NPA) spike and provisions tripled over the year-ago quarter.
Net profit for the quarter (Q3FY19) rose 10.3 per cent to Rs 331 crore against Rs 300 crore a year ago (Q3FY18).