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Private sector lender Bandhan Bank on Saturday, January 4, announced its business updates for the October-December quarter. The lender’s loans and advances rose 15% year-on-year to ₹133,285 crore, compared to ₹115,940 crore in the corresponding period of last year. Sequentially, it rose 2%.
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Total deposits climbed 20% year-on-year to ₹140,999 crore as against ₹117,422 crore in the same period a year ago, the bank said in an exchange filing.
CASA deposits grew 5.5% year-on-year to ₹44,735 crore, higher than ₹42,413 crore last year, said the private bank in a BSE filing.
The bank’s current and savings account ratio stood at 31.7% as against 36.1% in the same quarter a year ago.
On Friday, Bandhan Bank shares closed 2.04% lower at ₹157.65. The banking stock has tumbled nearly 40% in the last one year.
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