The bank reported that its total deposits grew by 20.1% YoY to Rs 140,999 crore, though they experienced a slight QoQ decline of 1.1% from Rs 142,510 crore in the previous quarter. Within this, current account and savings account (CASA) deposits increased by 5.5% YoY to Rs 44,735 crore but decreased by 5.4% QoQ. The CASA ratio now stands at 31.7%, down from 36.1% a year earlier.
The lender’s retail deposits, including CASA, rose by 15.7% YoY to Rs 96,795 crore, maintaining stability with a 0.2% QoQ increase. Bulk deposits saw a significant 31% YoY growth to Rs 44,204 crore but declined by 3.7% QoQ.
The proportion of retail deposits to total deposits is currently at 68.6%, compared to 71.3% in the same period last year.
The bank’s Liquidity Coverage Ratio (LCR) stands at about 164.6% as of December 31, 2024, indicating a strong liquidity position. Collection efficiency for the quarter was reported at 97.6%, with Emerging Entrepreneurs Business (EEB) at 97.4% and non-EEB segments at 98.3%.
Earlier in October, the company reported consolidated sales of Rs 6,094.53 crore for the quarter ending September 2024, reflecting a marginal 0.51% increase from Rs 6,063.36 crore in the previous quarter and a robust 21.11% growth compared to Rs 5,032.19 crore in the same quarter last year.Bandhan Bank shares ended 2% lower on Friday at Rs 157.70 on the BSE.Also read | Bajaj Finance Q3 update: New loans jump 22%YoY to 12.06 million, AUM surges 28%
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