The bank reported that its total deposits grew by 20.1% year-on-year to Rs. 140,999 crores, though in the previous quarter they had Rs. 142,510 crore experienced a slight QoQ decline of 1.1%. Within this, current account and savings account (CASA) deposits rose 5.5% YoY to Rs 44,735 crore but declined 5.4% QoQ. The CASA ratio is now 31.7%, as against 36.1% a year ago.
The lender’s retail deposits, including CASA, grew by 15.7% year-on-year to Rs. 96,795 crore, which remains stable with a QoQ growth of 0.2%. With a significant 31% YoY growth in wholesale deposits to Rs. 44,204 crore but declined by 3.7% QoQ.
The share of retail deposits in total deposits is currently 68.6%, as against 71.3% in the same period last year.
The Bank’s Liquidity Coverage Ratio (LCR) is around 164.6% as on December 31, 2024, indicating a strong liquidity position. Collection efficiency for the quarter was recorded at 97.6%, with the Emerging Entrepreneurs Business (EEB) at 97.4% and the non-EEB segments at 98.3%.
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Earlier in October, the company had reported a revenue of Rs. 6,094.53 crore in consolidated sales, up from Rs. 6,063.36 crore, reflecting a marginal increase of 0.51 percent from last quarter’s Rs. 5,032.19 crore showing a robust 21.11 percent growth. year
Shares of Bandhan Bank fell 2% on the BSE on Friday to Rs. closed at 157.70.
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