Bandhan Bank’s total business grew by 17% to Rs.2.33 lakh crore as of December 31, 2023. The bank’s deposit book grew by 15% YoY to Rs.1.17 lakh crore, while the loan book grew 19% YoY to Rs.1.16 lakh crore. The current account and savings account (CASA) ratio is a healthy 36.1% of the overall deposit book. The Capital Adequacy Ratio (CAR), an indicator of the bank’s stability, is at 19.8%, much higher than the regulatory requirement.
The bank’s share of retail to total deposits is now at 71%. The growth was driven by expansion in distribution and a favorable operating environment. The bank opened 26 branches across India, serving over 3.26 crore customers through over 6,250 banking outlets. The total number of employees at Bandhan Bank is now over 75,000.
Chandra Shekhar Ghosh, MD & CEO, said the third quarter has always been a growth phase for the bank over the years. The bank is committed to serving all customers through products and services suited to their needs and will continue to actively evaluate distribution expansion opportunities to reach a larger population across the nation.
