Bandhan Bank announced its financial results for the first quarter of financial year 2022-23. The Bank’s total business (deposits and advances) grew 20.3% year-on-year to reach around Rs.1,89,707 crore as on June 30, 2022. The Bank serves 2.69 crore customers through 5640 banking outlets across 34 of the 36 states and union territories in India. The total number of employees working at Bandhan Bank stands at 61,247.
During the first quarter of the current financial year, the Bank’s deposit book grew 20% over the corresponding quarter of the previous year. The total deposits now stand at Rs.93,057 crore. In this period, the Bank’s retail deposit book grew 14.14% year-on-year to Rs. 72,950 crore. The current account and savings account book grew by 21% year-on-year, and the CASA ratio now stands at 43.2% of the overall deposit book. With respect to advances, the bank saw 20.3% growth over the corresponding quarter of the previous year. The total advances are now at Rs. 96,650 crore. Capital Adequacy Ratio is at 19.4%, much higher than the regulatory requirement. Bandhan Bank is planning to open more than 500 new branches across India, in this financial year. The Bank is also growing its portfolio in areas like SME Loans, Gold Loans, Personal Loans and Auto Loans among other product ranges.
Chandra Shekhar Ghosh, MD & CEO, said, “We have been fortunate to earn the trust of crores of Indians and will continue to serve them.”
