Bandhan Bank's Q1FY'27 net profit jumps 35 pc to Rs 502 cr

Kolkata, Jul 21 (PTI) Private sector lender Bandhan Bank Ltd on Tuesday reported a 35 per cent year-on-year rise in its net profit to Rs 502 crore for the first quarter of the 2026-27 financial year as against Rs 372 crore in the corresponding period last fiscal.

Net interest income (NII) for the April-June period grew 5.9 per cent to Rs 2,921 crore, compared to Rs 2,757 crore a year ago, while net total income rose 1.2 per cent to Rs 3,524 crore from Rs 3,483 crore in the corresponding period last year.

Gross advances grew 16.4 per cent year-on-year to Rs 1,55,555 crore as of June 2026, from Rs 1,33,625 crore a year earlier, the lender said.

On a year-on-year basis, the retail book, excluding housing, grew 45 per cent, wholesale banking rose 38

per cent, while the housing loan book expanded 6 per cent, a statement said.

Asset quality showed sequential improvement, with gross non-performing assets (NPA) at 3.1 per cent and net NPA at 0.9 per cent in the quarter, against 3.3 per cent and 1 per cent, respectively, in the preceding three-month period.

On a year-on-year basis, gross NPA improved by 182 basis points and net NPA by 43 basis points, the lender said.

The provision coverage ratio, including technical write-offs, stood at 85.9 per cent as of June 30, 2026. Provisions and contingencies, other than tax, for the quarter were at Rs 683 crore, down 40 per cent year-on-year, the Kolkata-headquartered bank said.

The bank’s capital adequacy ratio stood at 18.2 per cent, down from 19.4 per cent a year earlier. Return on assets was at 1 per cent and return on equity at 7.7 per cent for the quarter.

“Our Q1 FY’27 performance reflects the resilience of Bandhan Bank’s franchise, the commitment of our teams, and the trust our stakeholders continue to place in us,” Managing Director and Chief Executive Officer Partha Pratim Sengupta said.

The bank added that it remains focused on customer-centric and digitally enabled growth by strengthening its distribution network and expanding product offerings.

The lender said its board approved the appointment of Vinay Jain as interim chief financial officer, effective September 26, 2026, till March 31, 2027, following the earlier resignation of Rajeev Mantri. PTI BSM BDC