Bandhan Bank logs 9.8% y-o-y increase in Q4 loan advances

5 Apr 2023 , 02:46 AM

Bandhan Bank has reported that the  loans it gave increased by 9.8% yoy and deposits rose by 12.2% yoy during the January-March quarter of the year 2022-23 ,compared to the same period in the previous year.

According to an exchange filing, the bank’s advances totaled around Rs 1.09 lakh crore as of March 31, 2023, representing a 9.8% increase over the corresponding quarter last year.

Bandhan Bank stated that its deposits at the end of FY 2022-23 were Rs 1.08 lakh crore, which is a 12.2% increase against Rs 96,311 crore, as of March 31, 2022.

As of the end of the March 2023 quarter, Bandhan Bank reported that its CASA (current account and savings account) deposits totaled around Rs 42,471 crore, reflecting a 6% increase from the previous year when it was at Rs 40,079 crore.

During the quarter, Bandhan Bank’s retail deposits experienced a year-on-year (YoY) increase of 3.4% at Rs 76,944 crore.

Bandhan Bank reported that its CASA ratio was approximately 39.3% at the end of the March 2023 quarter, indicating a decline from the corresponding period in the previous fiscal year at 41.6%.

At around 2.42 PM, Bandhan Bank was trading 1.05% higher at Rs 206.25, against the previous close of Rs 204.10 on NSE. The counter touched an intraday high and low of Rs 207.70 and Rs 203.55 respectively.

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