Photo Caption : Left to Right Sunil Samdani, CFO, Bandhan Bank, Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, Ratan Kumar Kesh, Executive Director, Bandhan Bank
NEWS WAVE INDIA: Bandhan Bank today announced its financial results for the first quarter of the financial year 2023-24. The bank’s retail loan book grew at a healthy 87%, while its total business grew 11% year-on-year.
The bank’s deposit book grew over 16% over the corresponding quarter of the previous year, while its advances grew around 7%. The bank’s current account and savings account (CASA) ratio now stands at 36% of the overall deposit book.
Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 19.8%, much higher than the regulatory requirement.
Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “First Quarter of the financial year is a very balanced quarter for the bank. In line with Bank’s diversification agenda, it is focusing on further increasing its retail banking portfolio. With all the new business lines initiated last year and this year, we are confident of a good run in the financial year ahead.”
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