Bandhan Bank records 20% YoY growth in loans and deposits in Q1 FY23

Image
Capital Market
Last Updated : Jul 11 2022 | 10:50 AM IST

As compared with the Jan-March 2022 quarter, however, the bank's total loan book and total deposits have declined by 3%.

Bandhan Bank's loans & advances increased by 20% YoY to Rs 96,649 crore as on 30 June 2022.

The bank had disbursed loans aggregating to Rs 80,357 crore in the quarter ended on 30 June 2021.

Total deposits with the bank as on 30 June 2022 amounted to Rs 93,057 crore, which is higher by 20% as compared with Rs 77,336 crore as on 30 June 2021.

Bulk deposits as on 30 June 2022 aggregated to Rs 19,278 crore, up 44% YoY but down 12% QoQ.

Retail to total deposits ratio as on 30 June 2022 was 79% as against 83% as on 30 June 2021 and 77% as on 31 March 2022.

CASA Ratio stood at 43.2% on 30 June 2022 as against 42.9% as on 30 June 2021 and 41.6% as on 31 March 2022.

Bandhan Bank operates as a commercial bank. The banking outlets as on 31 March 2022 stood at 5,639, which comprised of bank branches, banking units and ATMs.

The bank reported a 18.46 times surge in standalone net profit to Rs 1,902.34 crore on a 27.7% rise in total income to Rs 4,835.97 crore in Q4 FY22 over Q4 FY21.

The scrip advanced 0.35% to currently trade at Rs 273 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 11 2022 | 9:19 AM IST

Next Story