Bandhan Bank announced its financial results for the second quarter of the financial year 2023-24.

The highlights of the financial results were:

• Retail loan book grew at 80%.
• The Bank’s share of retail to total deposits now stands at 74%. In the same period, the total business has grown to nearly Rs.2.20 lakh crore.
• Bandhan Bank expanded its presence to the union territory of Ladakh with the opening of a branch in Leh.
• The Bank opened 80 branches across the country. The Bank now serves more than 3.17 crore customers through more than 6,200 banking outlets in India. The total number of employees working at Bandhan Bank stands at above 74,000.
• During the second quarter of FY24, the Bank’s deposit book grew over 12.8% over the corresponding quarter of the previous year. The total deposits now stand at Rs.1.12 lakh crore.
• The current account and savings account (CASA) ratio now stands at 38.5% of the overall deposit book. The total advances are now at Rs.1.08 lakh crores.  

The Bank is also growing its portfolio in verticals like SME Loans, Gold Loans, Personal Loans, and Auto Loans among other product ranges. The Bank has recently been authorized by the RBI for disbursement of central civil pension.

Priyanka Dutta