 "Bandhan Bank")
Reacting to a strong set of March quarter (Q4) results, the Bandhan Bank stock rose over 4 per cent on Wednesday. The numbers not only beat expectations on most fronts, but were also the best in any quarter of FY19.
Net profit at Rs 651 crore expanded 68 per cent year-on-year (YoY), helped by a 45.6 per cent increase in net interest income (NII) at Rs 1,258 crore. NII is the difference in interest income and interest expended.
For investors, the good news is that with full provisioning already undertaken for exposure to Infrastructure Leasing & Financial Services (IL&FS) loans
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