Bandhan Bank's advances grew 12.3%, collection efficiency stable
Bandhan Bank said that its advances grew 12.3% year-on-year to Rs 1.08 lakh crore while its loan collection efficiency remained stable at 98% at the end of the September quarter.
The advance portfolio of Rs 1.08 lakh crore includes the bank's on-book as well as off-book portfolio, it said in a regulatory filing to the stock exchanges.
The bank could mobilise deposits at a marginally higher pace of 12.8% to Rs 1.12 lakh crore against Rs 99366 crore a year back.
Bandhan's share of bulk deposits although came down sequentially was higher year-on-year. At the end of September, the total bulk deposits stood at Rs 29098 crore as against Rs 25705 crore a year back.
It was at Rs 31240 crore three months back. The current and savings account (CASA) ratio was at 38.5% against 40.8% a year back while the ratio improved from 36% as of June.
Among the banks which have announced their business updates after September quarter, Federal Bank reported 20% jump in gross advances to Rs 1.96 lakh crore with retail to wholesale ratio being at 55:45.
The Kerala-based bank saw its deposit growth at 23% to Rs 2.33 lakh crore.
