Bandhan Bank announced its financial results for the third quarter of the financial year 2023-24 in the esteemed presence of Abhijit Ghosh, CFO (Interim), Bandhan Bank, Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank and Ratan Kumar Kesh, Executive Director, Bandhan Bank.

The highlights of the financial results for the third quarter are:

• The bank’s total business grew by 17% and stands at Rs.2.33 lakh crore.
• The Bank’s share of retail to total deposits is at 71%.
• During the third quarter, the bank opened 26 branches across the country. The Bank now serves more than 3.26 crore customers. The total number of employees working at Bandhan Bank exceeds 75,000.
• The Bank’s deposit book grew by 15%.
• The total deposit book now stands at Rs.1.17 lakh crore while total advances are at Rs.1.16 lakh crore.
• The current account and savings account (CASA) ratio is 36.1% of the overall deposit book.
• Capital Adequacy Ratio (CAR) is at 19.8%.

In addition to other product categories, the Bank has consistently expanded and will keep expanding its portfolio in verticals such as SME Loans, Gold Loans, Personal Loans, and Auto Loans. In the upcoming quarters, the Bank’s newly introduced verticals, such as Commercial Vehicle lending and Loan Against Property for enterprises, will facilitate additional growth in the book.

Priyanka Dutta