Bandhan Bank Improves Collection Efficiency to 98.9%
Bank employees review efficiency reports in a bustling office.
Key Highlights
Bandhan Bank reports a collection efficiency of 98.9% in March, up from 98.1% in December. AUM increased by 12.6% YOY. Strong microloan performance.
Bandhan Bank has announced a collection efficiency of 98.9% for the month of March, showcasing an improvement from the 98.1% reported in December. The bank’s assets under management experienced substantial growth, increasing by 12.6% year-on-year.
The bank’s micro loan portfolio demonstrated strong performance, with collection efficiency rising to 98.6%. Additionally, the non-micro loan book also saw an improvement, reaching a collection efficiency of 99.3%.
By the end of the fiscal year, Bandhan Bank’s total loans and advances reached Rs 1.54 lakh crore, reflecting the institution’s robust lending activity and overall financial health.