Bandhan Bank on Tuesday reported a 35% year-on-year rise in net profit for the first quarter, riding on sharply lower provisions while operating profit stood 19% lower on account of higher operating expenses. The net profit stood at Rs 502 crore as compared with Rs 372 crore in the year ago period, on 41% lower provisions at Rs 683 crore against Rs 1147 crore earlier.Operating profit for the quarter stood at Rs 1358 crore against Rs 1668 crore, as total expenditure jumped about 8% at Rs 4876 crore. Total income, meanwhile, rose a mere 0.5% at Rs 6234 crore."Higher staff…