Financial results of Bandhan Bank have been announced for the final quarter of the financial year 2021-22. Chandra Shekhar Ghosh, MD & CEO, said, “The Bank has yet again proved its resilience with a strong performance in Q4 of FY22. We thank our customers for their continued trust and support, which has made Bandhan Bank a preferred banking partner for millions of Indians.”
Bandhan Bank’s total business (deposits and advances) grew 18.6% year on year to reach around Rs.1.96 lakh-crore as on March 31, 2022. The Bank serves 2.63-crore customers through 5,639 banking outlets across 34 of the 36 states and union territories in India. The total number of employees working at Bandhan Bank stands at 60,211. During the fourth quarter of the current financial year, the Bank’s deposit book grew 24% over the corresponding quarter of the previous year. The total deposits now stand at Rs.96,331-crore. In this period, the Bank’s retail deposit book showed substantial growth and grew21% year-on-year to Rs. 74,441-crore.
Bandhan Bank’s current account and savings account (CASA) book grew by 18% year on year, and the CASA ratio now stands at 41.6% of the overall deposit book. With respect to advances, the bank saw 16% growth over the corresponding quarter of the previous year. The total advances are now at Rs. 99,338-crore. Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 20.1, much higher than the regulatory requirement.
