Business Standard

ILF&S impact: Bandhan Bank sees provisions triple, NPAs spike in Q3

The lender posted a 10% rise in profit to Rs 331 crore in the December quarter

Representative Image
Premium

Representative Image

Nikhat Hetavkar Mumbai
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).

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in