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This Article is From Jan 04, 2024

Bandhan Bank's Credit In Q3 Grows 18.6% To Rs 1.16 Lakh Crore

Bandhan Bank's Credit In Q3 Grows 18.6% To Rs 1.16 Lakh Crore
A Bandhan Bank branch and ATM in Kolkata. (Source: Bank's website)
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Private lender Bandhan Bank reported a growth of 18.6% in its loans and advances during the third quarter ending Dec 31 at Rs 1,15,964 crore.

In a regulatory filing on Thursday, the Kolkata-based bank said the figure stood at Rs 97,787 crore during the year-ago period.

Total deposits increased 14.8% to Rs 1,17,422 crore during the quarter under review, it said.

While retail deposits, including CASA (current account savings account), rose by 19% to Rs 84,563 crore, bulk deposits grew by 5.2% to Rs 32,859 crore, it added.

The total collection efficiency ratio of the bank at the end of the quarter stood at 98%.

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