Bandhan Bank has posted 35 per cent rise in net profit to Rs 327 crore for the quarter ended June 30, 2017, against Rs 242 crore in the corresponding period last year.
Gross non-performing assets rose to 0.82 per cent during the period under review up from 0.22 per cent while net NPA rose to 0.49 per cent (0.14 per cent).
According to CS Ghosh, managing director and chief executive officer, Bandhan Bank, the rise in NPA was mainly on account of an impact on repayment culture post the announcement of loan waiver.