Samdani cited his resignation to explore professional opportunities outside the bank.

The bank said that it is in the process of identifying a suitable candidate for the office of CFO and key managerial personnel (KMP), and the said appointment would be informed to the stock exchanges in due course.

Separately, the bank's total deposits grew by 16.6% to Rs 1,08,479 crore as on 30 June 2023 from Rs 93,057 crore as on 30 June 2022.

Sequentially, the total deposits were marginally higher as compared with Rs 1,08,069 crore reported in the quarter ended 31 March 2023.

Loans & advances (on book + off book + TLTRO + PTC) aggregated to Rs 1,03,169 crore as on 30 June 2023 (up 6.7% YoY but down 5.5% QoQ).

CASA deposits declined 2.8% YoY and 8% QoQ to Rs 39,076 crore as on 30 June 2023. CASA Ratio reduced to 36% as on 30 June 2023 as compared to 39.3% as on 30 June 2022 and 43.2% as on 30 June 2022.

Bulk deposits as 30 June 2023 amounted to Rs 31,240 crore, registering a growth of 55.4% YoY and 0.4% QoQ.

Retail deposits (including CASA) increased by 5.9% YoY and 0.4% QoQ to Rs 77,239 crore. Retail to total deposits ratio was unchanged at 71.2% as on 30 June 2023 as compared with 31 March 2023 whereas on YoY basis, it reduced from 43.2% reported in the quarter ended on 30 June 2022.

Bandhan Bank operates as a commercial bank. The banking outlets as on 31 December 2022, stood at 5,723. The network consists of 1,250 branches, 4,473 banking units as against 1,176 branches and 4,450 banking units as on December 31, 2021. During the quarter, the number of employees of the bank has gone up from 64,078 to 66,114.

The private lender's net profit tumbled 57.5% to Rs 808.29 crore in Q4 FY23 as against Rs 1,902.34 crore recorded in Q4 FY22. Total income rose marginally to Rs 4,897.39 crore in Q4 FY23 from Rs 4844.02 crore posted in Q4 FY22.