Bandhan Bank announced its financial results for the first quarter of the financial year 2024-25 in the presence of Rajeev Mantri, Ratan Kumar Kesh and Rajinder Kumar Babbar.

The bank’s overall revenue reached Rs. 2.59 lakh crore at the end, up 22%. Currently, the Bank’s retail deposit share of total deposits is close to 69%. The positive operating environment, business efficiency, and distribution expansion have all contributed to the positive increase that was observed in the most recent quarter.

More than 3.44 crore consumers are served by Bank now through 6,300 banking locations in India. There are currently roughly 77,500 people employed by Bandhan Bank overall.

The Bank’s deposit book increased by 23% in Q1FY25 compared to the same time the year before. Currently, there are 1.26 lakh crore in total advances and 1.33 lakh crore in total deposit book. At 33.4% of the total deposit book, the current account and savings account (CASA) ratio is now in place. The Bank’s Capital Adequacy Ratio (CAR), which measures its stability, is greater than required by regulations at 15.7%.

“The first quarter of the year is a testament to the business performance we aim to sustain throughout the year. We have proven growth and stability across important parameters. The unshakable dedication of its staff and the confidence of its clients serve as the cornerstones of Bandhan Bank. These fundamentals will propel Bandhan Bank 2.0’s growth trajectory, together with an emphasis on technology, process, product, and people” said Ratan Kumar Kesh, MD & CEO.

The Bank’s objective is to grow its retail book while maintaining its focus on asset diversification. The bank wants to concentrate on increasing digitization to increase efficiency and production. Additionally, this will improve the client experience overall.

Priyanka Dutta