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Deposits growth healthy; CASA ratio at 33.2%

BANDHAN released its quarterly business update, highlighting the key trends for 2QFY25:

* Gross advances (on and off the book and TLTRO investments) grew 21.4% YoY (+4% QoQ) to ~INR1.3t.

* The deposit base stood at INR1.42t, growing 27.2% YoY (up 7% QoQ). CASA deposits grew 6.4% QoQ (up 9.5% YoY), resulting in CASA ratio at 33.2 (vs 33.45 in 1QFY25).

* Retail deposits (including CASA) grew 16.4% YoY, up 4.9% QoQ. The proportion of Retail deposits declined to 67.8% (vs. 69.1% in 1QFY25). LCR stood at 162.1%.

* On the asset quality front, the overall CE moderated QoQ to 98.2%, with collection efficiency in the Non-EEB segment at 98.7%.

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