News Desk, News Nation 360 : Bandhan Bank reported strong financial results for the first quarter of the financial year 2024-25, with total business growing by 22% to reach Rs. 2.59 lakh crore. The bank's retail deposit share increased to nearly 69%, driven by expanded distribution, improved efficiency, and favorable market conditions. With over 3.44 crore customers and 6,300 banking outlets, the bank's deposit book grew by 23% to Rs. 1.33 lakh crore, while advances reached Rs. 1.26 lakh crore. The CASA ratio stands at 33.4%, and the bank maintains a robust Capital Adequacy Ratio of 15.7%. The MD & CEO, Ratan Kumar Kesh, expressed satisfaction with the results and highlighted the bank's focus on asset diversification, retail growth, and digital transformation to enhance productivity, efficiency, and customer experience. He stated that the first quarter of the year demonstrates the level of business performance they hope to maintain all year long. They have proven growth and stability across important parameters. The unshakeable dedication of its staff and the confidence of its clients serve as the cornerstones of Bandhan Bank. The cornerstones of Bandhan Bank 2.0 will propel its growth trajectory, in conjunction with an emphasis on technology, process, product, and people.
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