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Bandhan Bank’s growth journey continues in Q1FY22



Bandhan Bank continued to witness business growth in the first quarter of financial year 2021-22, despite the challenging economic situation.

The Bank’s total business (deposits and advances) grew 17% year-on-year to reach Rs.1.57 lakh crore as on June 30, 2021.

During the first quarter of the current financial year, the Bank’s deposit book grew 28% over the corresponding quarter of the previous year. The total deposits now stand at Rs.77,336 crore. The current account and savings account (CASA) book grew by 48% year-on-year,and the CASA ratio now stands at 43% of the overall deposit book. In this period, the Bank’s retail deposit book showed substantial growth, growing 36% year-on-year to Rs. 47,085 crore. The share of retail to total deposits now stands at 83%, showing the granular nature of the deposits with the Bank.  

With respect to advances, the bank saw 8% growth over the corresponding quarter of the previous year. The total advances are now at Rs.80,128 crore. Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 24.8%, much higher than the regulatory requirement.

As part of its next stage of growth, Bandhan Bank wants to become an institution catering to the diverse financial needs of all Indians: whatever products and services they may need, wherever they may be based, and whichever medium of transaction they may prefer – physical or digital.

The bank is investing substantially in this transformation, the benefits of which will be visible in the years to come. It is growing its portfolio of products in areas such as SME Loans, Gold Loans, Personal Loans and Auto Loans. The branch network in areas outside the East and Northeast is also being expanded to bring world-class banking services to more Indians across the country. The Bank is also implementing a technology infrastructure that will help customers enjoy seamless and secure banking services. 

Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The growth in business that Bandhan Bank has seen in Q1FY22 bears testimony to the continued trust that the Bank has received from its esteemed customers. I thank our customers for their continued support, which has helped Bandhan Bank emerge as a preferred banking partner for millions of Indians.”

Bandhan Bank, in its sixth year of operations, serves 2.35 crore customers through 5,574 banking outlets.

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