Bandhan Bank posts double-digit growth in loans and deposits during Q3; Stock surges

5 Jan 2022 , 10:56 AM

Bandhan Bank has announced provisional data of its deposits, advances and others for the quarter ending December 2021 (Q3FY22). The lender posted loans and advances of Rs89,213cr in Q3FY22 rising by 11% yoy and 9% qoq.

The lender’s total deposits were at Rs84,500cr in Q3FY22 increasing by 19% yoy and 3% qoq.

CASA deposits stood at Rs38,528cr in the quarter under review up by 26% yoy and 5% qoq. CASA Ratio stood higher at 45.6% from 42.9% in Q3FY21 and 44.6% in Q2FY22.

Retail Deposits (including CASA) stood at Rs71,440cr in Q3 of this fiscal, rising by 24% yoy and 4% qoq.

At around 10.54 am, Bandhan Bank was trading at Rs255.85 per piece up by 0.63% on Sensex. The stock has touched an intraday high and low of Rs262.50 per piece and Rs253.50 per piece respectively.