Bandhan Bank announced its financial results for the second quarter of the financial year 2020-21. The Bank’s total business (deposits and advances) grew 25.90% year-on-year to reach Rs.1,42,742.3-Crore. The Bank’s deposit book grew 34.4% over the corresponding quarter of the previous year. The total deposits now stand at Rs.66,127.7-Crore. The current account + savings account (CASA) book grew by 56.2% year-on-year to Rs.25,279-Crore and CASA ratio now stands at 38.2% of the overall deposit book.
Capital Adequacy Ratio (CAR), an indication of the stability of the Bank, is at 27.8%, including profits, much higher than the required level. The Bank’s net profit stood at Rs.920-Crore, up 67.3% over the previous quarter ended June 30, 2020. With respect to advances, the Bank saw 19.4% growth over the corresponding quarter of the previous year. The total advances are now at Rs.76,614.6-Crore. The net NPA of the Bank stands at a low 0.4%, signifying a quality loan book.
MD & CEO of Bandhan Bank, Mr Chandra Shekhar Ghosh said, the Bank, through its employees, remains committed to serve its customers better and also make some meaningful contribution towards the society and the economy.
