Hot Pursuit     05-Oct-23
Bandhan Bank deposits rises 13% YoY in Q2 FY24
The private bank's total deposits rose by 12.8% to Rs 1,12,074 crore in the quarter ended 30 September 2023 from Rs 99,366 crore recorded in the quarter ended 30 September 2022.
The bank's total deposits were higher by 3.3% as compared with Rs 1,08,480 crore reported in the quarter ended 30 June 2023.

Bulk deposits aggregated to Rs 29,098 crore, up 13.2% YoY but down 6.9% QoQ.

Retail to total deposits ratio stood at 74% in the quarter ended 30 September 2023 as against 71% in the quarter ended 30 June 2022 and 74% in the quarter ended 30 September 2022.

CASA ratio stood at 40.8% in the quarter ended 30 September 2023 as against 36% in the quarter ended 30 June 2023 and 38.5% in the quarter ended 30 September 2022.

Loans & advances (on book + off book + TLTRO + PTC) rose by 12.3% to Rs 1,07,633 crore in the quarter ended 30 September 2023 from Rs 95,835 crore in the quarter ended 30 September 2022.

On a sequential basis, the loan book has increased by 4.3%. Loans & advances in the quarter ended 30 June 2023 aggregated to Rs 1,03,169 crore.

The bank's LCR as on 30 September 2023 stood approximately at 162.90%.

Bandhan Bank operates as a commercial bank. Banking outlets as on 30 June 202 stood at 6,140. The network consists of 1,542 branches, and 4,598 banking units.

The bank reported 18.7% fall in net profit to Rs 721.05 crore in Q1 FY24 from Rs 886.50 crore in Q1 FY24. Total income during the period under review rose by 1.1% YoY to Rs 4,908.03 crore.

The scrip rose 0.28% to Rs 254.60 on the BSE.

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