Bandhan Bank’s advances rise by 20% at end of June

Bandhan Bank’s advances grew by 20 per cent from a year ago to Rs 96,649 crore as of June 30, 2022. Total deposits of the private sector lender also grew by 20 per cent to Rs 93,057 crore by the end of Q1 FY23.

rbi imposes penalty of rs 1 crore on bandhan bank
rbi imposes penalty of rs 1 crore on bandhan bank

The bank’s CASA (Current Account Savings Account) rose by 21 per cent to Rs 40,195 crore. Retail deposits (including CASA) witnessed a rise of 15 per cent to Rs 73,780 crore. Bulk deposits were up 44 per cent year-on-year at Rs 19,278 crore.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

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