Bandhan Bank’s total deposits grew 16.6% to around Rs 1,08,479 crore (provisional) as of June 30, 2023, (Q1FY24) as compared to Rs 93,057 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 1,08,069 crore as of March 2023.
Loans & Advances stood at around Rs 1,03,169 crore as of June 30, 2023, posting a 6.7% rise in year-on-year terms against Rs 96,650 crore as of June 30, 2022. However, CASA deposits stood at around Rs 39,076 crore (provisional) as of June 30, 2023, posting a 2.8% fall in year-on-year (YoY) terms against Rs 40,195 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 42,455 crore as of March 2023. CASA ratio reached 36.0% (Q1FY24) from 39.3% (Q4FY23).
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
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