Bandhan Bank announced its financial results for the third quarter of the financial year 2024-25. The bank’s total business grew by 17%, to close at Rs.2.73 lakh crore. The Bank’s share of retail to total deposits now stands at nearly 69%. The encouraging growth witnessed in the last quarter has been driven by its expansion in distribution, business efficiency and the favourable operating environment.
The Bank now serves its customers through nearly 6,300 banking outlets in India. The total number of employees working at Bandhan Bank is now nearly 78,400.
During Q3 FY25, the Bank’s deposit book grew by 20% over the same period in the previous year. The total deposit book now stands at Rs.1.41 lakh crore while total advances are at Rs.1.32 lakh crore. The current account and savings account (CASA) ratio is standing at 32% of the overall deposit book. Capital Adequacy Ratio (CAR), an indicator of the stability of the Bank, is at 16%, higher than the regulatory requirement.
Speaking on the Bank’s performance, MD & CEO Partha Pratim Sengupta said, “Bandhan Bank’s performance in the third quarter reflects sustainable growth, with a strong focus on risks and compliance. Our continued success is built on the trust of our customers and the hard work of our employees. With growth in our loan book and a focus on technological innovation, improving processes, and strengthening our products and teams, Bandhan Bank is well-positioned for the next phase of growth as we evolve into Bandhan Bank 2.0.”
The Bank remains committed to diversifying its assets, with a clear focus on expanding its retail portfolio. Greater digitization is a key priority, aimed at boosting productivity and efficiency while enhancing the overall customer experience.
