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Bandhan Bank Q2 profit jumps more than five-fold; shares rise 1.5%

Bandhan Bank reported a more than five-fold year-on-year rise in net profit for the September quarter, aided by lower provisions and improved asset quality. Shares were up 1.5% at Rs 157.66 on the NSE as of 10:09 am.

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Shares of Bandhan Bank rose 1.5% on October 29 after the lender reported a more than five-fold year-on-year jump in net profit for the September quarter, helped by lower provisions and improved asset quality.The stock was trading at Rs 157.66 on the NSE, up Rs 2.30, as of 10:09 am.Bandhan Bank repo…

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