Shares of Bandhan Bank were trading 3% higher on 4 January after the company announced its quarterly updates for October-December.

In its regulatory filing, the company reported an 18.6% year-on-year increase in loans and advanced to Rs 1.6 lakh crore during the quarter from Rs 97,787 crore reported in the same quarter of the previous fiscal year. While against the previous quarter, loans advanced grew 7.7% quarter-on-quarter against Rs 1.08 lakh crore recorded in the previous quarter of the current fiscal year.

The total deposits during the quarter stood at Rs 1,17,422 crore, marking a 14.8% YoY increase from Rs 1.17 lakh crore reported in Q3FY23.

The bank’s CASA (current account savings account) deposits marked a 14% YoY increase to Rs 42,413 crore during the quarter. However, the CASA ratio during the quarter slipped to 36.1% from 36.4% recorded in the corresponding quarter of the previous fiscal year.

The lender’s retail deposits during the quarter stood at Rs 84,563 crore, marking a 19% YoY growth and 1.9% QoQ growth.

In a period of six months, the bank shares gave a return of around 12% against the benchmark Nifty Bank index, which gave a return of 6.26% in the same period.

At 1:43 pm, the shares of Bandhan Bank were trading 2.30% higher at Rs 259.75 on NSE.