Bandhan Bank posts 18% loan growth in FY24
Bandhan Bank in Kolkata saw significant growth in loans and deposits by the end of the 2023-24 fiscal year, with a notable increase in CASA deposits and strong collection efficiency.
Kolkata: on Thursday said its and have clocked Rs 1.28 lakh crore at the end of the fourth quarter of the 2023-24 fiscal, registering a 17.8 per cent growth year-on-year. The lender said the same was Rs 1.09 lakh crore by the end of March 31, 2023.The bank said, in a regulatory filing, that the total during the March quarter of FY'24 stood at Rs 1.35 lakh crore with a 25.1 per cent rise year-on-year.
deposits of the lender at the end of the quarter ending March 31, 2024 stood at Rs 50,151 crore.
The CASA ratio was at 37.1 per cent.
The collection efficiency ratio of the bank at the end of the fourth quarter of the last fiscal stood at 99 per cent, it said.
Retail deposits of the bank (including CASA) at the end of the quarter ending March 31, 2024 stood at Rs 93,794 crore, and bulk deposits at Rs 41,404 crore.
Source: Stocks-Markets-Economic Times
