Bandhan Bank witnessed an 18.6% year-on-year (YoY) and 7.7% quarter-on-quarter (QoQ) rise in its loan portfolio for the third quarter of FY24. This figure includes on-book, off-book, targeted longer-term refinancing operations (TLTRO), and pass-through certificate (PTC) components, with a reduction in non-performing asset (NPA) portfolio after a sale to an asset reconstruction company (ARC) amounting to ₹720 crore.
Bandhan Bank's total deposits amounted to ₹117,422 crore, displaying a 14.8% year-on-year surge and a 4.8% quarter-on-quarter growth by the end of December 31, 2023, the lender said in a regulatory filing.
Other deposits
While the current account savings account (CASA) deposits showed a marginal decline of 1.8% quarter-on-quarter, they remained strong at ₹42,413 crore.
The bank reported an increase in retail deposits, reaching ₹84,563 crore, reflecting 19.0% year-on-year growth and a 1.9% quarter-on-quarter rise, including CASA deposits.
There was a surge of 12.9% quarter-on-quarter in bulk deposits, reaching ₹32,859 crore.
Deposit composition ratios:
The ratio of retail deposits to total deposits stood at 72%, indicating a substantial portion of the bank's deposit base contributed by retail customers.
The CASA ratio, however, witnessed a slight dip, settling at 36.1% by the end of the quarter.
Collection efficiency
EEB (East & Northeastern Region) and Non-EEB: Both segments exhibited strong collection efficiency, maintaining levels at 98% by the end of December 31, 2023.
Pan Bank Collection Efficiency (Excluding NPA): Overall, the bank maintained a steady collection efficiency of 98%.
Stock performance
On Thursday (January 4), Bandhan Bank opened marginally higher at ₹255.50 apiece on BSE. Intraday, it surged nearly 1.37% to ₹257.50 apiece.
At the time of writing this report, the shares were trading 0.08% up at ₹254.20 apiece on the BSE.
(Edited by : Amrita)
First Published: Jan 4, 2024 9:56 AM IST
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