"The year 2019-20 has started on a promising note with asset growth at 39.36% along with stable asset quality. During the year we expect the Gruh merger to get consummated which will bring diversification and will add to growth," said Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank.
The bank's provision (other than taxes), however, jumped 56.25 per cent YoY to Rs 125 crore but declined around 19 per cent sequentially. Gross NPAs (non-performing assets) as on June 30, 2019 stood at 2.02 per cent against 2.04 per cent as on March 31, 2019 while Net NPAs stood at 0.56 per cent against 0.58 per cent as on March 31, 2019.
Current Account Savings Account (CASA) ratio came in at 36.06 per cent of total deposit, compared to 35.46 per cent in the corresponding period last year while Total Advances (on book + off book) grew by 39.36 per cent to Rs 45,420 crore as on June 30, 2019 against Rs 32,590 crore as on June 30, 2018. Total Deposits increased by 42.33 per cent to Rs 43,701 crore as on June 30, 2019 as compared to Rs 30,703 crore as on June 30, 2018, it said in its press release.
At 02:10 pm, shares of the bank were trading nearly 3 per cent lower at Rs 514 apiece against 506 points or 1.30 per cent decline in the benchmark S&P BSE Sensex.