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Bandhan Bank Q2 Update:loans, Advances Rise 22% To Rs 99,374 Crore: Kunj Capital - Investment - Nairaland

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Bandhan Bank Q2 Update:loans, Advances Rise 22% To Rs 99,374 Crore: Kunj Capital by Contshots: 1:04pm On Oct 08, 2022
Bandhan Bank on Saturday reported a 22 percent jump in loans and advances at Rs 99,374 crore at end of September quarter 2022. The Bank's loans and advances were Rs 81,661 crore in the year-ago period.

Total deposits of the private sector lender rose by 21 percent to Rs 99,365 crore at end of September quarter 2022, as against Rs 81,898 crore a year ago. Of this, retail deposits were Rs 73,660 crore, which was higher by 7 percent from the year ago's Rs 68,787 crore.

The retail deposit includes a current account and savings account (CASA) of Rs 40,509 crore, up by 11 percent from a year earlier. CASA ratio was at 40.8 percent as of September 30, 2022.

Bank's retail deposits formed 74 percent of the total deposits. Bandhan Bank said its pan India collection efficiency, excluding non-performing assets and including restructured customers, was 97 percent, up from 96 percent at end of the June 2022 quarter.

The lender said the numbers mentioned as on September 30, 2022, are provisional unaudited numbers and are subject to review /examination by the Audit Committee and board of directors.

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