Bandhan Bank reveals Q2 data, stock down 0.75%

5 Oct 2023 , 12:21 PM

Investors will be paying close attention to Bandhan Bank shares after the private bank revealed in a business update that total deposits increased 12.8% in the September quarter of 2023, while loans and advances increased 12.3%. 

The bank reported that its deposits increased to Rs 1,12,074 crore at the end of the September quarter from Rs 99,366 crore in the same quarter last year in a filing to the BSE after Wednesday’s market hours. Deposits increased 3.3% from the Rs 1,08,480 crore in the June quarter, the bank reported the BSE.

On the other side, advances increased from Rs 95,835 crore in the same quarter last year to Rs 1,07,633 crore this quarter. They increased by 4.3% compared to the Rs 1,03,169 crore of the June quarter.

Retail deposits (including CASA) increased 12.6% YoY to Rs 82,977 crore from Rs 73,661 crore in the same quarter previous year, while CASA deposits increased 6.5% YoY to Rs 43,161 crore from Rs 40,520 crore. Bulk deposits increased by 13.2% year over year to Rs 29,098 crore from Rs 25,705 crore. CASA ratio was 38.5% compared to 36.5% in June and 40.8% in the same quarter last year.

The overall bank collection efficiency (excluding NPA) remained at 98% from the June quarter. As of September 30, 2023, the liquidity coverage ratio (LCR) is 162.90%.

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