Bandhan Bank has announced its financial performance for the quarter ended December 31, 2024. The bank reported a solid year-over-year (YoY) and quarter-over-quarter (QoQ) increase in loans, deposits, and retail banking, signaling a strong and sustainable financial position.

Key Financial Highlights:

  • Loans & Advances (On book + PTC): Bandhan Bank saw a growth of 15.0% year-over-year (YoY) with loans and advances totaling ₹133,285 crore as of December 31, 2024, up from ₹115,940 crore as of December 31, 2023. Compared to the previous quarter, the bank reported a 2.0% increase.
  • Total Deposits: The bank’s total deposits reached ₹140,999 crore, reflecting a significant 20.1% year-on-year (YoY) increase from ₹117,422 crore reported in December 2023. However, the deposits saw a slight decline of 1.1% when compared to the previous quarter.
  • CASA (Current Account Savings Account) Deposits: CASA deposits recorded ₹44,735 crore for the quarter ending December 31, 2024, reflecting a YoY increase of 5.5%, but a decline of 5.4% from the previous quarter.
  • Retail Deposits (Including CASA): The retail deposits, which include CASA, amounted to ₹96,795 crore, showing a 15.7% YoY increase and a minimal 0.2% quarter-over-quarter (QoQ) rise.
  • Bulk Deposits: Bulk deposits for the quarter were ₹44,204 crore, indicating a 31.0% YoY increase but a decrease of 3.7% compared to the previous quarter.
  • Retail to Total Deposits Ratio: The retail deposits as a percentage of total deposits were 68.6% for the quarter ending December 31, 2024, compared to 67.8% in the previous quarter and 71.3% in the same quarter of the previous year.
  • CASA Ratio: The bank’s CASA ratio stood at 31.7% as of December 31, 2024, which is a decrease from 33.2% in the previous quarter and 36.1% YoY.

Liquidity Coverage Ratio (LCR):

  • As of December 31, 2024, Bandhan Bank’s LCR stands at approximately 164.6%, reflecting the bank’s strong liquidity position.

Collection Efficiency:

  • The bank’s collection efficiency for the quarter ending December 31, 2024, is reported at:
    • EEB Segment: 97.4%, slightly down from 98.1% in the previous quarter.
    • Non-EEB Segment: 98.3%, down from 98.7% in the previous quarter.
    • Overall Bank Efficiency: 97.6%, a slight decrease from 98.2% in the previous quarter.
Follow on Google News
TOPICS: Bandhan Bank