Bandhan Bank has reported impressive financial results for Q2 FY2024-25, with total business growth reaching 24%, amounting to ₹2.73 lakh crore. The bank’s deposits rose by 27% year-on-year to ₹1.43 lakh crore, with retail deposits now accounting for nearly 68% of the total. The current account and savings account (CASA) ratio stands at a solid 33.2%, reflecting robust customer engagement.
Ratan Kumar Kesh, Interim MD & CEO of Bandhan Bank, commented, “Our strong performance reflects our focus on effective risk management and compliance. The trust of our customers is our biggest asset.” The bank now serves over 3.5 crore customers through nearly 6,300 banking outlets, employing around 80,000 staff.
In Agartala, the market shows a growing appetite for retail banking services, with increased foot traffic at local branches. Customers are responding positively to the bank’s digital initiatives and diverse product offerings, which include trade services and pension schemes. This expansion in Agartala aligns with the bank’s strategy to diversify its assets and enhance customer experience, setting the stage for future growth in the region.
