Bandhan Bank's Net Profit Grew 1747% YoY To Rs 1902.3 Cr In Q4FY22

Bandhan Bank, the universal bank with inclusive banking at its core, on Friday announced its financial results for the final quarter of financial year 2021-22. 

The bank’s total business (deposits and advances) grew 18.6 per cent year-on-year to reach around Rs 1.96 lakh crore as on March 31, 2022. Net Profit grew 1747 per cent YoY to Rs 1902.3 crore in Q4FY22.

During the fourth quarter of the current financial year, the bank’s deposit book grew 24 per cent over the corresponding quarter of the previous year. The total deposits now stand at Rs 96,331 crore. In this period, the bank’s retail deposit book showed a substantial growth and grew 21 per cent year-on-year to Rs 74,441 crore.

The current account and savings account (CASA) book grew by 18 per cent year-on-year, and the CASA ratio now stands at 41.6 per cent of the overall deposit book. 

Capital Adequacy Ratio (CAR), an indication of the stability of the bank is at 20.1, much higher than the regulatory requirement.

To cater to its customers across the country, Bandhan Bank is focussed on diversifying its presence across India and also growing its product portfolio in areas like SME Loans, Gold Loans, Personal Loans and Auto Loans.

Chandra Shekhar Ghosh, MD & CEO, said, “The Bank has yet again proved its resilience with a strong performance in Q4 of FY22. Our belief in our business model has been further strengthened. We thank our customers for their continued trust and support, which has made Bandhan Bank a preferred banking partner for millions of Indians.”