Private sector lender Bandhan Bank registered an 8% year-on-year development in its advances for the initially quarter this fiscal. However, on a quarter-on-quarter basis, advances fell 8%.
In a stock exchange filing on Thursday, the Kolkata-based lender mentioned for the quarter ended June its loan and advances improved around to Rs 80,128 crore from Rs 74,331 crore for the very same period a year ago. Loan and advances stood at Rs 87,043 crore at the finish of March quarter last fiscal. Total deposit grew 28% y-o-y at Rs 77,336 crore, though it witnessed a de-development of 1% q-o-q from Rs 77, 972 crore in January-March.
The bank’s general collection efficiency for the month of June was about 80% (taking into consideration all buyers, like NPA buyers) as against about 96% in March. Collection efficiency for the microfinance segment in June fell to about 72% from about 95% in March this year.