industry

Advances grew 21% year on year while repayment collection efficiency improved: Bandhan Bank


Private sector lender said its advances grew 21% year on year while repayment collection efficiency improved to 96% from 92% a quarter ago.

Bandhan’s loans and advances including off-balance sheet exposure rose to Rs 87,054 crore at the end of March against Rs 71,846 crore a year back. Deposits grew 37% to Rs 77,972 crore over the same period.

Last week, HDFC Bank reported 14% rise in advances and 16.3% rise in deposits.

too reported 28% deposit growth while advances growth was muted at 3%.

Bandhan’s current and savings account (CASA) — which helps reduce cost of funds — improved to 43.4% year-on-year from 36.8%. Retail to total deposits improved to 79% from 78% a year back.

The bank’s collection efficiency from micro loans was 95% while that of non-micro loans was 98%. Micro loans contribute about 60% of its total loan portfolio.



READ SOURCE

Read More   IndiGo to DGCA: Remove route curbs on A320 Neo planes

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.