Private sector lender Bandhan Bank on Thursday said its advances during the first quarter of this fiscal year grew 21.8 per cent year-on-year to ₹1.26 lakh crore, while total deposits rose 22.8 per cent year-on-year to ₹1.33 lakh crore during the period.
On a quarter-on-quarter basis, advances witnessed a marginal increase of 0.7 per cent in Q1FY25. However, according to a stock exchange filing, total deposits saw a 1.5 per cent q-o-q fall during the same period under review.
During the first quarter of the current financial year, the Kolkata-based lender’s retail deposits (including CASA) and bulk deposits increased by 19.2 per cent and 31.6 per cent y-o-y at Rs 92,104 crore and ₹41,099 crore, respectively.
However, the bank’s CASA ratio fell 260 basis points y-o-y to 33.4 per cent from 36 per cent in the year-ago period.
Its collection efficiency (excluding NPA) for the EEB segment ((erstwhile microbanking segment) witnessed a 50 bps decrease quarter-on-quarter at 98.5 per cent in the April-June quarter of FY25. For the Non-EEB segment, collection efficiency (excluding NPA) rose 70 bps q-o-q at 98.5 per cent during the period.