Bandhan Bank Loans And Advances Rise By 22%

Bandhan Bank on Saturday reported a 22 percent jump in loans and advances at INR 99,374 crore at end of the September quarter of this year. The Kolkata-based lender's loans and advances were ₹81,661 crores during the same period in 2021. The bank's total deposits grew by 21 percent to INR 99,365 crore at end of September quarter 2022, which is a significant jump from 81,898 crores the previous year.

The retail deposit includes current and savings accounts (CASA) of INR 40,509 crore, which is up by 11% when compared with 2021. The private sector lender's CASA ratio was at 40.8 percent as of 30 September 2022. The bank's retail deposits formed 74 percent of the total deposits. The bank’s collection efficiency, excluding non-performing assets and including restructured customers, was 97 percent, up from 96 percent in 2021. The bank is set to open 551 more branches in FY 22-23, pushing up the branch count to 6000.

Meanwhile, Bandhan Bank's June quarter net profit more than doubled to ₹886.5 crores in April-June 2022-23 aided by a decline in bad loans. The bank had logged a net profit of ₹373.1 crores in the year gone by. Its total income increased to INR 2,844.1 crore from INR 2,731 crore. The interest income of the lender jumped to INR 2,514.4 crore from INR 2,114.1 crore.