Bandhan Bank announced its financial results for the fourth quarter of the financial year 2022-23. It has now had over 3 crore customers on books and has grown to Rs. 2.17 lakh crore in seven and a half years. This growth was driven by its expansion in distribution and favourable operating environment.
Bandhan Bank’s total business (deposits and advances) grew 11% to reach Rs.2.17 lakh crore on March 31, 2023. The deposit book grew 12%, and the current account and savings account (CASA) ratio now stands at 39.3%.
The loan book grew 10%, total deposits 12%, retail loanbook other than housing 232 %, CASA Ratio 39.3%, and share of Retail to Total Deposits 71%.Chandra Shekhar Ghosh, MD & CEO, said, “We have been fortunate to earn the trust of more than 3 crore Indians and we will endeavour to continue to be their trusted partner in their journey to achieve their dreams.”The Bank is expanding its presence beyond East and North East, offering SME Loans, Gold Loans, Personal Loans and Auto Loans.
