Bandhan Bank Q4 profit surges 68% to Rs 530 crore as provisions plunge

Provisions fell sharply, but NII growth stayed muted

Bandhan Bank posted a 68% year on year jump in Q4 profit to Rs 530 crore, largely due to sharply lower provisions and improved asset quality. However, net interest income rose only about 1% and margins remained under pressure. Still, sequential improvement and a healthier loan mix point to a turnaround, even as the full-year picture was weaker.