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Bandhan Bank Q2: Loans Up 13% YoY, Deposits Surge, But Sequential Growth Modest
- •Bandhan Bank's loans and advances grew 13.1% year-on-year to ’1,58,335 crore as of September 30, with a modest 1.8% sequential growth.
- •Total deposits increased 9.2% year-on-year and 4.7% sequentially, reaching ’1,72,689 crore.
- •Retail deposits rose 11.9% YoY and 2.9% QoQ to ’1,25,471 crore, with retail term deposits seeing a significant 16.8% YoY and 8% QoQ increase.
- •CASA deposits declined 4.8% sequentially, leading to a drop in the CASA ratio to 26.71% from 29.40% in the previous quarter.
- •Collection efficiency remained strong at 98.9%, with the EEB segment showing marginal improvement and the non-EEB segment moderating slightly.
Key Questions Answered
Bandhan Bank reported loans and advances of ₹1,58,335 crore as of September 30, marking a 13.1% year-on-year increase and a modest 1.8% sequential growth from June 30. Meanwhile, total deposits rose 9.2% year-on-year and 4.7% sequentially to reach ₹1,72,689 crore.
The CASA ratio declined to 26.71% from 29.40% in the previous quarter, driven by a 4.8% sequential drop in CASA deposits to ₹46,131 crore. Conversely, retail term deposits rose by 8% QoQ to ₹79,340 crore, and bulk deposits increased 10% QoQ to ₹47,218 crore.
Overall collection efficiency remained strong and unchanged sequentially at 98.9% as of September 30. Bandhan Bank shares closed 1.64% higher at ₹175.30 following the update, bringing the stock's total gains to over 20% for the year.
