News Desk, News Nation 360 : In the last quarter of FY2023–24, Bandhan Bank recorded a 20% increase in total revenue, or Rs. 2.60 lakh crore. The bank's emphasis on retail deposits paid off, as they accounted for almost 70% of the total. An advantageous operating environment, increased business efficiency, and the development of distribution channels were the main drivers of this growth. While advances were at Rs. 1.25 lakh crore, deposits increased by 25% yearly to Rs. 1.35 lakh
crore. At more than 37%, the CASA ratio—a gauge of inexpensive deposits—stayed strong. At 18.3%, the bank's capital adequacy ratio—a crucial stability indicator—was significantly higher than the required level. In addition, 50 new branches were opened by Bandhan Bank, increasing its total number of physical locations to 6,300 throughout India. The bank employs nearly 76,000 people and serves over 3.35 crore customers. Speaking on the Bank’s performance, Chandra Shekhar Ghosh, MD & CEO, stated that the year's final quarter bears witness to the growth they have experienced in their business. They have demonstrated growth and stability across the main parameters. Throughout the quarter, the Bank also reinforced its core leadership. The success of Bandhan Bank has been attributed to the trust that its customers have placed in it, as well as the unwavering dedication of its staff. The emphasis on technology, people, and procedures combined with these pillars will propel Bandhan Bank 2.0's expansion.
Pic - Krishnendu Kundu
