Bandhan Bank Q2 profit jumps 47% to Rs 4.9 billion; NPA up marginally

Bandhan Bank Ltd posted a 47.3 per cent jump in second-quarter profit on Wednesday, helped by higher interest earned, and reports said the bank was looking at options to comply with Reserve Bank of India norms on shareholder stake.

The results come days after the RBI barred the Kolkata-based lender from opening new branches and froze its chief executive's salary for failing to bring down its main shareholder's stake to below 40 per cent. Bandhan remains committed to maintaining compliance as per RBI norms, and there.

This article is no longer available in our repository.

There could be multiple reasons for this.