Bandhan Bank Q3 initial disclosure: Loans and advances grew 11 pc y-o-y, collection efficiency grows to 91 pc

Compared to Q2FY22, the loans and advances grew by 9 percent from Rs 81,661 crore, it said.

Total Deposits grew 19 percent year-on-year to Rs 84,500 crore as on December 31, 2021 against Rs 71,188 crore in Q3FY21 and 3 percent sequentially from Rs 81,898 crore.

Total Deposits refer to the money that came into the bank in the form of savings accounts, current accounts or fixed deposits.

Current Account Savings Account (CASA) Deposits grew by 26 percent year-on-year to Rs 38,528 crore as on December 31, 2021.

CASA account clubs the features of a current account with a savings account.

CASA Ratio, which is the ratio of CASA deposits to total deposits of a bank, grew at 45.6 percent from 42.9 percent in October-December 2020 quarter.

Further, Bandhan Bank said its retail to total deposits stood at 81 percent while its Collection Efficiency stood at 93 percent in December 2021, up from 90 percent in September 2021.

Its EEB Collection Efficiency also rose to 91 percent in Q3FY22, up from 86 percent in Q2FY22.

The Emerging Entrepreneurs Business (EEB) vertical was created by Bandhan Bank in 2020, after completion of its five years of operations as a bank, to cater to the unbanked and underbanked segments of customers in their journey to become entrepreneurs.