Bandhan Bank’s overall collection efficiency ratio at 96%

Bandhan Bank’s overall collection efficiency ratio at 96%

The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96 per cent at the end of financial year 2021-22, against 93 per cent in the preceding third quarter, the bank said in a statement on Tuesday.

Loans and advances of the bank grew 16 per cent year-on-year at Rs 1,01,359 crore at the end of March 31, 2022, while its total deposits increased to Rs 96,331 crore year-on-year at the end of last quarter on 2021-22.

CASA (Current Account Savings Account) deposits increased 18 per cent year-on-year to Rs 40,072 crore while retail deposits stood at 77 per cent of total deposits, the statement added.

CER of the micro-credit vertical increased 95 per cent in the last quarter of FY22, up from 91 per cent in the third quarter of last fiscal.


Check the source here –Source, Financial Express.