Bandhan Bank on Saturday announced a 22% increase in loans and advances to Rs 99,374 crore at the end of the September 2022 quarter.
The Bank’s loans and advances stood at Rs 81,661 Crore during the prior year period.
The private sector lender’s total deposits increased by 21% to reach Rs 99,365 crore at the end of September 2022 quarter, from Rs 81,898 crore a year ago.
Of this amount, retail deposits stood at Rs 73,660 crore, which was 7% higher than the previous year’s Rs 68,787 crore.
The retail deposit comprises a checking account and a savings account (CASA) of Rs 40,509 crore, up 11% from the previous year.
The CASA ratio was 40.8% as of September 30, 2022.
The bank’s retail deposits accounted for 74% of total deposits.
Bandhan Bank said its collection efficiency across India, excluding non-performing assets and including restructured customers, was 97%, compared to 96% at the end of the June 2022 quarter.
The lender said the figures mentioned as of September 30, 2022 are provisional unaudited figures and are subject to review/examination by the audit committee and the board of directors.
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
