Bandhan Bank announced its financial results for the second quarter of the financial year 2020-21. The Bank’s total business (deposits and advances) grew 25.90% year-on-year to reach Rs. 1, 42, 742.3 crores.

With the country gradually unlocking its economy, the Bank’s deposit book grew 34.4% over the corresponding quarter of the previous year. The total deposits now stand at Rs. 66,127.7 crore. The current account + savings account (CASA) book grew by 56.2% year-on-year to Rs.25,279 crore and the CASA ratio now stands at 38.2% of the overall deposit book.

With respect to advances, the Bank saw 19.4% growth over the corresponding quarter of the previous year. The total advances are now at Rs. 76,614.6 crore. The net NPA of the Bank stands at a low 0.4%, signifying a quality loan book.

Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 27.8%, including profits, much higher than the required level. The Bank’s net profit stood at Rs.920 crore, up 67.3% over the previous quarter ended June 30, 2020.