Bandhan Bank jumps nearly 20 per cent last week; CASA ratio improves to 44.6 per cent!

The stock of Bandhan Bank has been outperforming the frontline gauge in the last one month as it went up by nearly 21 per cent in the last one month while Nifty is up by nearly 3.12 per cent. Interestingly, in the last one week itself, the stock jumped 19.65 per cent along with above-average volumes.   

The bank has released an update with respect to its deposits, advances, and other information for the quarter/half-year ended September 30, 2021.   

Loan and advances grew by 7 per cent YoY to Rs 81,688 crore in the quarter ended September 30, 2021. The total deposits jumped 24 per cent YoY to Rs 81,898 crore. CASA deposits rose by 45 per cent YoY to Rs 36,548. Retail deposits (including CASA) grew by 35 per cent YoY. Bulk deposits dropped 14 per cent YoY to Rs 13,111 crore. Retail to total deposits stood at 84 per cent. CASA ratio improved to 44.6 per cent vs 38.2 per cent on September 30, 2020.   

Liquidity coverage ratio (LCR) as of September 30, 2021, stood at 139 per cent while collection efficiency* for the same time period stood at 90 per cent. Business-wise break up of collection efficiency is as under - EEB (micro) 86 per cent, non-EEB 97 per cent, and the overall bank 90 per cent.     

* Excluding arrears, including NPA customers.     

Please note that the numbers mentioned above as of September 30, 2021, are provisional unaudited numbers and are subject to review/examination by the audit committee as well as the board of directors and also subject to limited review by the statutory auditors of the bank.