Kolkata, May 4 -- Bandhan Bank on Wednesday reported a 482 percent surge in net profit to Rs.317.90 crore for the January-March quarter (Q4FY25), buoyed by a sharp drop in provisions and contingencies, despite muted revenue and interest income. In the corresponding quarter last year, net profit stood at Rs.54.62 crore.

However, on a sequential basis, net profit fell 25.4 percent.

The bank attributed the decline in operating profit, which stood at Rs.1,571 crore versus Rs.1,838 crore in the year-ago period, to pressure on its Emerging Entrepreneurs Business (EEB) portfolio, primarily comprising microfinance loans.

Provisions fell substantially to Rs.1,260 crore from Rs.1,774 crore a year ago.

Despite ongoing challenges in the microfina...