Bandhan Bank Deposits Grow 22.8% YoY in June 2024 Data Shows

Bandhan Bank reports a 22.8% year-on-year growth in deposits for June 2024, reaching ₹133,203 crore, with a strong focus on retail and bulk deposits despite a slight quarterly decline.

by Damodharan N

Updated Jul 08, 2024

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Bandhan Bank Deposits Grow 22.8% YoY in June 2024 Data Shows

Bandhan Bank has reported a significant year-on-year growth of 22.8% in its total deposits for June 2024, according to recent data. The bank's total deposits rose to ₹133,203 crore compared to ₹108,480 crore in June 2023.

This growth highlights a robust performance in attracting deposits despite a slight quarter-on-quarter decline of 1.5%. The bank also noted a notable increase in retail deposits, including CASA, which reached ₹92,104 crore, marking a 19.2% increase year-on-year.

The bank reported bulk deposits of ₹41,099 crore, growing by 31.6% year-on-year, albeit with a slight decrease of 0.7% quarter-on-quarter. Additionally, the CASA ratio decreased to 33.4% from 37.1% in March 2024.

Bandhan Bank maintained a strong collection efficiency across its segments, with Pan Bank collection efficiency standing at 98.5% for June 2024, indicating effective management of non-performing assets (NPAs) and operational resilience. indicating changes in the bank's overall performance for this quarter. 

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Bandhan Bank  

Bandhan Bank originated as a microfinance institution in the 1990s under the vision of Chandra Shekhar Ghosh to alleviate the financial challenges faced by Kolkata’s small traders.

Initially offering loans to empower marginalized businesses, Bandhan evolved into a full-fledged universal bank within a decade and a half, expanding its services across all socio-economic segments nationwide.

Today, with ₹1,35,202 crore in deposits as of March 31, 2024, Bandhan Bank operates over 6,297 banking outlets across 35 states and union territories in India. The bank is committed to fostering financial inclusion through its extensive network, innovative services, and impactful CSR initiatives, transforming lives and contributing to India’s economic growth.

Bandhan Bank Deposits Grow 22.8% YoY in June 2024 Data Shows - FAQs

1. What was Bandhan Bank's total deposits as of June 30, 2024?        

 Bandhan Bank's total deposits as of June 30, 2024 is ₹133,203 crore.

2. How much did Bandhan Bank's total deposits grow year-on-year (YoY) as of June 30, 2024?  

Bandhan Bank's total deposits grow year-on-year (YoY) as of June 30, 2024 is 22.8%.

3. What was the YoY growth percentage of Bandhan Bank's CASA deposits as of June 30, 2024?  

The YoY growth percentage of Bandhan Bank's CASA deposits as of June 30, 202413.8%.

4. What was the CASA ratio for Bandhan Bank as of June 30, 2024?  

The CASA ratio for Bandhan Bank as of June 30, 2024 is 33.4%.

5. What was the quarter-on-quarter (QoQ) change in Bandhan Bank's total deposits from March 31, 2024, to June 30, 2024?  

The quarter-on-quarter (QoQ) change in Bandhan Bank's total deposits from March 31, 2024, to June 30, 2024 is Decreased by  1.5%.

6. How much did Bandhan Bank's bulk deposits increase YoY as of June 30, 2024?  

 Bandhan Bank's bulk deposits increased by 31.6%YoY as of June 30, 2024.

7. What was the QoQ change in Bandhan Bank's retail deposits (including CASA) from March 31, 2024, to June 30, 2024?  

The QoQ change in Bandhan Bank's retail deposits (including CASA) from March 31, 2024, to June 30, 2024 Decreased by 1.8%.

8. What was Bandhan Bank's loans and advances (on book + off book + PTC) as of June 30, 2024?  

Bandhan Bank's loans and advances (on book + off book + PTC) as of June 30, 2024 is ₹125,619 crore.

9. What was Bandhan Bank's retail to total deposits ratio as of June 30, 2024?  

Bandhan Bank's retail to total deposits ratio as of June 30, 2024 is 69.1%.

10. What was Bandhan Bank's liquidity coverage ratio (LCR) as on June 30, 2024?  

 Bandhan Bank's liquidity coverage ratio (LCR) as on June 30, 2024,  Approximately 149.5%.

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