BANDHAN BANK REPORTED HEALTHY BUSINESS MOMENTUM IN Q4FY24
News: Bandhan Bank reported healthy business momentum in Q4FY24 wherein advances have increased by 17.8% YoY and 10.9% QoQ to ₹128572 crore. Deposit accretion came at 25.1% YoY & 15.1% QoQ to ₹ 135198 crore, with 21.9% YoY growth in retail deposit. CASA deposit grew at 18.1% YoY and 18.2% QoQ to ₹50151 crore. Collection efficiency continued to remain healthy at 99%.
Views: Bulk deposit witnessed faster accretion, though retail liabilities accretion remained healthy. Decline in CD ratio could pose some pressure on margins, however, faster growth in deposit base and improvement in CASA ratio could partially offset the pressure.
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