Bandhan Bank Reports 22.8% Jump In Total Deposits In June Quarter
The bank reported a 21.8% advance in loans and advances at Rs 1.25 lakh crore in the first quarter, as compared to Rs 1.03 lakh crore in the same period last year.
Bandhan Bank Ltd.'s total deposits rose 22.8% on a yearly basis to Rs 1.33 lakh crore in the April–June quarter, according to provisional figures released by the bank.
The bank reported a 21.8% advance in loans and advances at Rs 1.25 lakh crore in the first quarter, as compared to Rs 1.03 lakh crore in the same period last year, according to provisional quarterly business updates filed with stock exchanges on Monday.
CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—dipped to 33.4% from 36% in the year ago period. A lower CASA ratio indicates that the bank relies heavily on costlier wholesale funding, which can hurt the bank's margins.
The liquidity coverage ratio as on June 30, 2024, was at 149.5%.
Shares of Bandhan Bank closed 4.01% higher at Rs 210.35 per share on Wednesday. This compares to a 0.67% advance in the NSE Nifty 50.
