Bandhan Bank gains after recording 11% YoY growth in advances

5 Jan 2022 , 09:24 AM

The advances are higher by 9% as compared with Rs 81,661 crore as on 30 September 2021.

Total Deposits were at Rs 84,500 crore as on 31 December 2021, up 19% YoY and up 3% QoQ.

Retail to total deposits ratio was 84% as on 31 December 2021 as compared with 81% as on as on 31 December 2020 and 84% as on 30 September 2021.

CASA ratio was 45.6% as on 31 December 2021 as compared with 42.9% as on as on 31 December 2020 and 44.6% as on 30 September 2021.

The banks collection efficiency for the month of December 2021 was approximately 93%. The collection efficiency Emerging Entrepreneurs Business (EEB) (Micro) segment was at 91% while that of Non EEB segment was at 98%.

Bandhan Bank operates as a commercial bank. The banks outlets as on 30 September 2021, stood at 5,618. The network consists of 1,168 branches, 4,450 banking units. Total number of ATMs stood at 487.

The bank reported net loss of Rs 3008.60 crore in Q2 September 2021 as against net profit of Rs 920.01 crore in Q2 September 2020. Total income rose 3.03% to Rs 3672.51 crore in Q2 September 2021 over Q2 September 2020.

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