Bandhan Bank, has announced its financial results for the third quarter of financial year 2021-22. The Bank continued to witness strong business growth, as the economy revived strongly.
The Bank’s total business (deposits and advances) grew 15% year-on-year to reach Rs.1.73 lakh croreas on December 31, 2021. The Bank, in its sixth year of operations, serves 2.51 crore customers through 5626banking outlets across 34 of the 36 states and union territories in India.The total number of employees working at Bandhan Bank stands at 55,341.
The total deposits now stand at Rs.84,500 crore. The current account and savings account (CASA) book grew by 26% year-on-year,and the CASA ratio now stands at over 45% of the overall deposit book. In this period, the Bank’s retail deposit book showed substantial growth, growing 24% year-on-year to Rs. 71,440crore. Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “We thank our customers for their continued trust and support,which has made Bandhan Bank a preferred banking partner for millions of Indians.”