Bandhan Bank, has announced its financial results for the second quarter of financial year 2021-22. The Bank continued to witness business growth, as the challenging economic situation gradually eases.
The Bank’s total deposits now stand at Rs.81,898 crore. The current account and savings account (CASA) book grew by 45% year-on-year,and the CASA ratio now stands at close to 45% of the overall deposit book. In this period, the Bank’s retail deposit book showed substantial growth, growing 35% year-on-year to Rs. 68,787 crore. The share of retail to total deposits now stands at 84%, showing the granular nature of the deposits with the Bank. Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The Bank has seen significant growth in business during Q2FY22. We are privileged to enjoy the continued trust of our esteemed customers.”
The Bank’s total business (deposits and advances) grew 15% year-on-year to reach Rs.1.64 lakh croreas on September 30, 2021. The Bank, in its sixth year of operations, serves 2.43 crore customers through 5,618 banking outlets. The total number of employees working at Bandhan Bank stands at 52, 976.
Bandhan Bank’s reports strong growth Q2FY22
