Financial Results of Bandhan Bank for the Quarter ended June 30, 2020, have been approved by the Board of Directors of Bandhan Bank Limited at a meeting held in Kolkata. Commenting on the bank’s performance, Mr. Chandra Shekhar Ghosh (Managing Director and CEO of Bandhan Bank) said, during the quarter, the bank has started collections post unlocking announced by the government. Overall Bank collections improved to 76% by end of June’20 compared to 29% in April’20. The bank continued to showcase the strengths of its retail deposit franchise with strong growth of 35% during this difficult time, especially CASA growing by over 47%. During the quarter the Bank has taken accelerated additional provision on standard advances amounting to Rs 750-crore taking the total additional provision in books to Rs 1,769-crore. It may be mentioned here that Banking outlets as on June 30, 2020, stood at 4,559. The network consists of 1018 branches, 3,541 banking units as against 999 branches and 3,209 banking units as on June 30, 2019. During the quarter, the number of employees of the bank has gone up from 39,750 to 41,563. Total number of ATMs stood at 485 as on June 30, 2020 against 481 as on June 30, 2019.
