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.