<p>New Delhi: Shares of Bandhan Bank surged over 13 per cent in morning trade on Monday after the private sector firm posted a 47 per cent jump in its net profit to Rs 1,063 crore for the June 2024 quarter due to a decline in bad loans.</p>.<p>The stock soared 11.97 per cent to Rs 215.50 on the BSE.</p>.<p>At the NSE, it jumped 13.35 per cent to Rs 218.20.</p>.Ola Electric prices IPO at Rs 72-76 per share.<p>The lender had earned a net profit of Rs 721 crore in the year-ago period.</p>.<p>During the quarter, the bank's total income increased to Rs 6,063 crore against Rs 4,908 crore a year ago, Bandhan Bank said in a regulatory filing on Friday.</p>.<p>Interest income grew to Rs 5,536 crore during the period under review from Rs 4,523 crore in the corresponding quarter a year ago.</p>.<p>On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) improved to 4.23 per cent of gross advances as of June 30, 2024, from 6.76 per cent in the April-June quarter of the previous fiscal.</p>.<p>Net NPAs also declined to 1.15 per cent of the advances from 2.18 per cent a year ago.</p>.<p>As a result, provisions other than tax and contingencies declined to Rs 523 crore against Rs 602 crore earmarked during the same quarter a year ago.</p>
<p>New Delhi: Shares of Bandhan Bank surged over 13 per cent in morning trade on Monday after the private sector firm posted a 47 per cent jump in its net profit to Rs 1,063 crore for the June 2024 quarter due to a decline in bad loans.</p>.<p>The stock soared 11.97 per cent to Rs 215.50 on the BSE.</p>.<p>At the NSE, it jumped 13.35 per cent to Rs 218.20.</p>.Ola Electric prices IPO at Rs 72-76 per share.<p>The lender had earned a net profit of Rs 721 crore in the year-ago period.</p>.<p>During the quarter, the bank's total income increased to Rs 6,063 crore against Rs 4,908 crore a year ago, Bandhan Bank said in a regulatory filing on Friday.</p>.<p>Interest income grew to Rs 5,536 crore during the period under review from Rs 4,523 crore in the corresponding quarter a year ago.</p>.<p>On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) improved to 4.23 per cent of gross advances as of June 30, 2024, from 6.76 per cent in the April-June quarter of the previous fiscal.</p>.<p>Net NPAs also declined to 1.15 per cent of the advances from 2.18 per cent a year ago.</p>.<p>As a result, provisions other than tax and contingencies declined to Rs 523 crore against Rs 602 crore earmarked during the same quarter a year ago.</p>