The private lender Bandhan Bank reported a net profit of Rs 209.27 crore in the second quarter of FY23 compared to a net loss of Rs 3,008.60 crore recorded in the second quarter of FY22.

Total income jumped 14.69 per cent to Rs 4,249.87 crore in the second quarter of FY23 from Rs 3,705.39 crore in Q2FY22. The tax profit of Rs 273.22 crore in Q2FY23, as compared with a pre-tax loss of Rs 4,028.69 crore registered in the second quarter of FY22.

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Net interest income (NII) increased by 13.3 per cent to Rs 2,193 crore in the second quarter of FY23. Net interest margin (NIM) in the second quarter of FY23 stood at 7 per cent compared to 7.6 per cent in Q2FY22.

Operating profit declined 2 per cent to Rs 1,552.9 crore in Q2FY23 from Rs 1,584.8 posted in the second quarter of FY22. Return on Assets (ROA)stood at 0.6 per cent, and the Return on equity (ROE) of Bandhan Bank stood at 4.5 per cent in Q2FY22.

Bandhan Bank is to operate as a commercial bank. On 30 September 2022, the banking outlets stood at 5,646. Across 1,190 branches, 4,456 banking units as compared with 1,168 branches and 4,450 banking units till 2021. The total number of ATMs stood at 432 in 2022 compared with 487 in 2021. On the Bombay Stock Exchange (BSE), Bandhan Bank declined 2.12 per cent to Rs 265.20.