Bandhan Bank’s collection efficiency ratio rise to 98% by end of Dec 22

Bandhan Bank

Bandhan Bank’s collection efficiency ratio increased to 98 per cent by the end of December 2022, up from 95 per cent at the conclusion of the second quarter.

According to the bank’s initial disclosure statement, the ratio for micro-credit loans was 98 per cent at the end of December 2022, while it was 99 per cent for non-MFI loans.

The bank’s loans and advances amounted at 1,00,520 crore at the end of December 2022, representing a 14 per cent year-on-year increase.

The lender’s total deposits stood at 1,02,283 crore at the end of the third quarter this fiscal, up 21 per cent year on year, according to the bank.

CASA deposits of the bank declined by 3 per cent year on year to Rs 37,194 crore at the end of December 2022.

According to a bank spokesperson, this is because a number of customers shifted their savings deposits to fixed deposits as interest rates rose.

Also Read | Bandhan Bank Q2 result: Lender records net profit of Rs 209.3 cr

The bank’s bulk deposits were higher at Rs crore 31,233 crore at the end of the third quarter of the current fiscal, up 139 per cent year on year.

The bank’s liquidity coverage ratio (LCR) was roughly 155 per cent at the conclusion of the current third quarter, according to the statement.

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