Bestinau got that-
Private sector lender Bandhan Bank said on Tuesday that its loans and advances rose by 16 percent year-on-year (on an annual basis) to Rs 1,01,359 crore at the end of the January-March quarter of fiscal year 2021-22.
Successively, loans and advances increased by 15 percent from Rs 87,998 crore on December 31, 2021.
Total deposits rose 24 percent yoy and 14 percent quarter-on-quarter (QoQ) to Rs 96,331 crore, while current and savings account (CASA) deposits rose 18 percent YoY and 4 percent QoQ to Rs 40,072 crore.
However, the CASA ratio fell to 41.6 percent, compared to 43.4 percent a year ago and 45.6 percent at the end of the previous quarter of December.
Retail’s share of total deposits was 77 percent, up from 79 percent a year ago and 85 percent a quarter ago.
Bandhan Bank said its collection efficiency was about 96 percent in March 2022, while its liquidity coverage ratio (LCR) was about 129 percent as of March 31, 2022.
The bank reported a 35.7 percent year-over-year increase in its net profit to Rs 859 crore for the October-December quarter, while its net interest income (NII) grew 2.6 percent to Rs 2,124.7 crore.
Shares of Bandhan Bank closed 1.19 percent lower at Rs 314.90 on the BSE on Tuesday.
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