Bandhan Bank collection efficiency improves to 90%

The private sector lender said its collection efficiency improved to 90% at the end September 2021 from 80% three months back.

Bandhan Bank's repayment collection from Emerging Entrepreneurs Business (EEB) microfinance vertical also improved to 86% at the end September 2021 from 72% as on June 2021.

The bank's loans & advances rose 7% year-on-year (YoY) to Rs 81,668 crore as on 30 September 2021. Total deposits jumped 24% to Rs 81,898 crore in the same period.

Loans & advances as on 30 September 2021 are before considering write-offs, if any, the bank said.

Retail deposits (including CASA) rose 35% YoY to Rs 68,787 crore as on 30 September 2021. CASA ratio stood at 44.6% as on 30 September 2021 compared with 42.9% as on 30 June 2021 and 38.2% as on 30 September 2020.

 

Liquidity coverage ratio (LCR) as on 30 September 2021 stood at 139%.

The bank's standalone net profit dropped 32.1% to Rs 373.08 crore on 15.8% rise in total income to Rs 3,943.37 crore in Q1 June 2021 over Q1 June 2020.

Bandhan Bank operates as a commercial bank. It has 5,612 banking outlets spread across 34 out of 36 states and union territories in India.

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