News Desk, News Nation 360 : Bandhan Bank has announced its results for the second quarter of the fiscal year 2024–2025. The bank closed at Rs. 2.73 lakh crore, with a growth of 24% in overall business. Today, the Bank's retail deposit share of total deposits is nearly 68%. Its development in distribution, company efficiency, and favourable operating environment have all contributed to the business's positive rise in the most recent quarter. Bandhan Bank has reported tremendous growth with its products to over 3.5 crore customers across almost 6,300 banking outlets in India. Its headcount has increased almost to 80,000 employees. In Q2 FY25, the bank's deposit book grew by 27% year-over-year at Rs.1.43 lakh crore. Total advances stand at Rs.1.31 lakh crore. The CASA ratio stands at 33.2%, and the Capital Adequacy Ratio (CAR) stands at a healthy 15.6%. There is an intent to increasingly diversify the asset base in the retail segment. A focus area is digitization, to make things more efficient and customer-friendly. Some of the notable product launches include trade services, pension schemes, Avni Savings Account, and GST payment services. Ratan Kumar Kesh, MD & CEO (Interim) during his address spoke about the performance of the bank stating that with a strong emphasis on efficient risk management and compliance, Bandhan Bank's impressive second-quarter performance stands testimony to quality growth momentum. Their client trust and commitment to their people have been the cornerstones of success. They are well-positioned to spearhead the expansion of Bandhan Bank 2.0 through its next phase by focusing on technological innovation, streamlining their operations, and upgrading their people and product skills.
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