As per provisional figures as of September 2022, Bandhan Bank reported a 22% jump in loans and advances at Rs 99,374 crore. Total deposits rose 21% to Rs 99,365 crore. Of this, retail deposits were of Rs 73,660 crore, which was up 7% YoY. The CASA deposits grew 11% YoY while CASA ratio was at 40.8%. Its pan-India collection efficiency, excluding NPAs and including restructured customers was at 97% vs. 96% in Q1FY23.
The bank reported strong loan growth. However, recoveries from restructured pool will trigger earnings. We would keenly watch recoveries.
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