Bandhan Bank's quarterly results looks attractive

Bandhan Bank’s latest financial report reveals significant growth and some areas of concern:

Net Profit: The bank’s net profit increased significantly by 47.5%, reaching ₹1,063.5 crore compared to ₹721.1 crore in the same period last year.
Net Interest Income (NII): NII, which represents the difference between the revenue generated from interest-bearing assets and the expenses associated with paying interest on liabilities, rose by 20.7%, totaling ₹3,005 crore compared to ₹2,490.6 crore year-over-year.
Gross Non-Performing Assets (NPA): The Gross NPA ratio, indicating the percentage of loans that are in default or close to being in default, increased to 4.23% from 3.84% quarter-over-quarter (QoQ). In absolute terms, the Gross NPA amount rose to ₹5,304.4 crore from ₹4,785 crore.
Net Non-Performing Assets (NPA): The Net NPA ratio, which is the percentage of NPAs after deducting provisions for bad loans, slightly increased to 1.15% from 1.11% QoQ. The Net NPA amount grew to ₹1,396.4 crore from ₹1,347.6 crore.

In summary, while Bandhan Bank experienced strong growth in net profit and NII, there was a noticeable increase in both Gross and Net NPA ratios and amounts, indicating a rise in loan defaults.