Business Standard

Bandhan Bank's advances increase 17.8% to Rs 1.28 trillion in Q4FY24

The bank said, in a regulatory filing, that the total deposits during the March quarter of FY'24 stood at Rs 1.35 trillion with a 25.1 per cent rise year-on-year

With the IDFC buy, Kolkata-headquartered Bandhan group will gain an entry straightway into the top-10 club.

CASA deposits of the lender at the end of the quarter ending March 31, 2024 stood at Rs 50,151 crore

Press Trust of India Kolkata

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Bandhan Bank on Thursday said its loans and advances have clocked Rs 1.28 trillion at the end of the fourth quarter of the 2023-24 fiscal, registering a 17.8 per cent growth year-on-year.

The lender said the same was Rs 1.09 trillion by the end of March 31, 2023.

The bank said, in a regulatory filing, that the total deposits during the March quarter of FY'24 stood at Rs 1.35 trillion with a 25.1 per cent rise year-on-year.
 

 

CASA deposits of the lender at the end of the quarter ending March 31, 2024 stood at Rs 50,151 crore.

 

The CASA ratio was at 37.1 per cent.

The collection efficiency ratio of the bank at the end of the fourth quarter of the last fiscal stood at 99 per cent, it said.

Retail deposits of the bank (including CASA) at the end of the quarter ending March 31, 2024 stood at Rs 93,794 crore, and bulk deposits at Rs 41,404 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 04 2024 | 7:57 PM IST

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