Bandhan Bank has reported its loans and advances grew 18% year-on-year to Rs 74,325 crore for the first quarter this fiscal, from Rs 63,164 crore for the same period last fiscal. On a quarter-on-quarter basis, loans and advances grew 3% from Rs 71,846 crore for the fourth quarter last fiscal. During the April-June period, the bank’s total deposit grew 35% y-o-y to Rs 60,602 crore.
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.
