Bandhan Bank advances grow at 18% in Q1FY21; Moratorium loans fall
12Bandhan Bank has declared its Q1 numbers for the financial year 2021, showing extremely promising start. The banking sector has been booming and similar trends were seen with the HDFC Life numbers declared yesterday. The moratorium loans of Bandhan Bank fell in Q1. The advances grew at 18% year on year and 3% quarter on quarter. The deposits stood at Rs.60602 crores vs Rs.44796 crores year on year and Rs.57082 crores quarter on quarter. The deposits grew at a promising rate of 35% year on year and 6% quarter on quarter. The company has shown an extremely promising start in the first quarter with the numbers being encouraging for further growth.
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