Bandhan Bank's collection efficiency improves sharply

Private sector lender Bandhan Bank said its collection efficiency improved to 90% at the end September from 80% three months back with the easing of lockdowns and fall in number of Covid-19 active cases that offered relief and room for economic recovery.

The bank's repayment collection from microfinance vertical, which contributes about a third of its loan portfolio, also improved to 86% from 72% over the same period, the bank said in a regulatory filing to stock exchanges.

Bandhan's loan asset rose 7% year-on-year to Rs 81668 crore at the end September. Deposit mobilisation jumped 24% to Rs 81898 crore, the provisional data for this quarter showed.


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