Bandhan Bank records 23% growth in Q3 advances at Rs. 80,255 crore

Bandhan Bank said that its deposits rose 30% year-on-year at the end of the December quarter. The provisional figures showed that customer deposits increased to Rs. 71,188 crore at the end of the December quarter against Rs. 54,908 crore, same period last year. Total deposits was Rs. 66,128 crore in the September quarter and grew 8% on a quarter-to-quarter basis.

Out of the total deposits, CASA deposits, a combination of current and saving accounts, increased Rs. 30,504 crore, registering a 62% year-on-year growth. The CASA deposits saw an increase of 21% sequentially as this stood at Rs. 25,279 crore in the September quarter. CASA ratio recorded at 43% in the December quarter against 34% during the same period, a year back.