Financial results for the third quarter of financial year 2020-21 have been announced by Bandhan Bank. The Bank’s total business (deposits and advances) grew 26% year-on-year to reach Rs.1.51-lakh crore. The Bank’s deposit book grew 30% over the corresponding quarter of the previous year. The total deposits now stand at Rs. 71,188-crore. The current account + savings account (CASA) book grew by 62% year-on-year, and the CASA ratio now stands at 43% of the overall deposit book.
With respect to advances, the bank saw 23% growth over the corresponding quarter of the previous year. The total advances are now at Rs. 80,255-crore. Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 26.2%, much higher than the required level. The Bank which completed five years of operations in August 2020, serves 2.25-crore customers through 5,197 banking units and branches. The total number of employees working at Bandhan Bank stands at 47,260.
“We have seen a healthy rise in both deposits and advances for the third quarter of FY21”, said Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank.
