Bandhan Bank announced its financial results for the first quarter of financial year 2021-22. The Bank continued to witness business growth, despite the challenging economic situation.
The Bank’s total business grew 17% year-on-year to reach Rs. 1.57 lakh-crore as on June 30, 2021. The Bank serves 2.35-crore customers through 5,574 banking outlets. The total number of employees working at Bandhan Bank stands at 51,054. The branch network in areas outside the East and Northeast is also being expanded to bring world-class banking services to more Indians.
During the first quarter of the current financial year, the Bank’s deposit book grew 28% over the corresponding quarter of the previous year. The total deposits now stand at Rs. 77,336-crore. The current account and savings account (CASA) book grew by 48% year-on-year. In this period, the Bank’s retail deposit book showed substantial growth, growing 36% year-on-year to Rs. 47,085-crore. The share of retail to total deposits now stands at 83%. With respect to advances, the bank saw 8% growth over the corresponding quarter of the previous year. The total advances are now at Rs. 80,128-crore. Capital Adequacy Ratio (CAR) is at 24.8%, much higher than the regulatory requirement.