Private lender Bandhan Bank on Wednesday (October 4) reported its provisional business updates for the quarter ended September 30, 2023.

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The bank's loans and advances witnessed a significant uptick, rising by 4.3 percent quarter-on-quarter and 12.3 percent year-on-year, reaching a total of Rs 1.07 lakh crore.

Total deposits at Bandhan Bank also saw a notable surge, with a 3.3 percent quarter-on-quarter increase and a robust 12.8 percent year-on-year growth, amounting to a total of Rs 1.12 lakh crore.

Of particular interest is the growth in current account savings account (CASA) deposits, which surged by 10.5 percent quarter-on-quarter and 6.5 percent year-on-year, reaching Rs 43,161 crore.

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Further, Bandhan Bank reported a 7.4 percent quarter-on-quarter increase and a 12.6 percent year-on-year growth in retail deposits, totalling Rs 82,977 crore.

In contrast, bulk deposits showed a decline of 6.9 percent quarter-on-quarter but still demonstrated a substantial 13.2 percent year-on-year growth, amounting to Rs 29,098 crore.

A notable metric to highlight is the CASA ratio, which stands at 38.5 percent. This represents an increase from the previous quarter's 36 percent and a slight dip from the year-on-year ratio of 40.8 percent.

Shares of Bandhan Bank ended at Rs 253.90, down by Rs 0.050, or 0.020 percent, on the BSE.

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(Edited by : Shoma Bhattacharjee)

First Published:Oct 4, 2023 6:58 PM IST