April 27 (Reuters) - India’s Bandhan Bank Ltd, which had a stellar market debut last month, reported an about 20 percent jump in quarterly profit, helped by higher interest income.
Net profit rose to 3.88 billion rupees ($58.09 million) in the three months ended March 31, from 3.22 billion rupees a year ago, the Kolkata-based bank said in a statement here on Friday.
Gross bad loans as a percentage of total loans stood at 1.25 percent at end-March, compared with 1.67 percent in the previous quarter and 0.51 percent a year earlier.
Interest earned during quarter was up 25 percent. ($1 = 66.7900 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath)