Bandhan Bank logs ₹1,112-cr profit in FY17

Bandhan Bank reported a net profit of ₹1,112 crore in its first full year of operations in 2016-17. The bank started operations in August 2015. During the year, net interest income stood at ₹2,403 crore and non-interest income, ₹411 crore. Gross advances came in at ₹23,543 crore. Almost the entire portfolio was retail advances. Deposits stood at ₹23,289 crore, and the current account, savings account (CASA) ratio was 29.43 per cent.