The financial results for the second quarter of the financial year 2024–2025 were released by Bandhan Bank. The bank closed at Rs. 2.73 lakh crore, a 24% increase in overall business. The Bank’s retail deposit share of total deposits is close to 68%. Its distribution expansion, company efficiency, and favorable operating climate have all contributed to the positive increase that was observed in the most recent quarter.

With about 6,300 banking locations across India, the Bank currently provides services to over 3.5 crore people. Currently, Bandhan Bank employs close to 80,000 people in total.

The Bank’s deposit book increased by 27% during Q2 of FY25 compared to the same quarter the year before. The current total advances are Rs. 1.31 lakh crore, whereas the total deposit book is Rs. 1.43 lakh crore. The ratio of savings and current accounts (CASA) is currently 33.2% of the total deposit book. The Bank’s Capital Adequacy Ratio (CAR), a measure of its stability, is higher than the legal minimum at 15.6%.

“Bandhan Bank’s impressive performance in the second quarter reflects the momentum in quality growth with our focus on effective risk management and compliance. Our clients’ trust and our employees’ commitment are the cornerstones of our success. We are in a strong position to spearhead Bandhan Bank 2.0’s next stage of expansion by concentrating on technological innovation, streamlining our operations, and improving our personnel and product capabilities” said Ratan Kumar Kesh, MD & CEO (Interim).

With a particular emphasis on growing its retail portfolio, the Bank is nevertheless dedicated to diversifying its holdings. Increased digitization is a top focus, to improve customer satisfaction and increase production and efficiency. The Bank has introduced several new products in recent months, such as trade services, pension plans, the Avni Savings Account, and a facility for paying GST.

Priyanka Dutta