News Desk, News Nation 360 : For the third quarter of the fiscal year 2024–2025, Bandhan Bank released its financial results. The bank closed at Rs. 2.73 lakh crore, a 17% increase in overall business. Currently, the Bank's retail deposit share of total deposits is close to 69%. Its development in distribution, company efficiency, and favourable operating environment have all contributed to the business's positive rise in the most recent quarter. Bandhan Bank, with almost 6,300 stores across India, reporting around 78,400 employees, has shown excellent financial growth in Q3 FY25. The bank's deposit book has grown by 20% year-on-year. It now stands at Rs. 1.41 lakh crore. CASA ratio, a health pointer of the deposits is currently pegged at 32%. Total advances stand at Rs 1.32 lakh crore. In addition, Bandhan Bank has a healthy Capital Adequacy Ratio of 16%, which is above the regulatory requirement and reflects the bank's financial stability. The bank is strategically focused on diversifying its assets by expanding its retail portfolio and prioritizing digitization to enhance productivity, efficiency, and customer experience. Speaking on the Bank’s performance, MD & CEO Partha Pratim Sengupta stated that the third-quarter performance of Bandhan Bank shows steady expansion with a significant emphasis on compliance and risks. The dedication of their staff and the confidence of their clients are the foundations of their ongoing success. As they transition into Bandhan Bank 2.0, they will be well-positioned for the next stage of growth thanks to their expanding loan book, emphasis on technology innovation, enhanced procedures, and fortified people and products.
Pic - Krishnendu Kundu
