Bandhan Bank’s advances grow 8% y-o-y in Q1

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In a banal speech filing connected Thursday, the Kolkata-based lender said for the 4th ended June its indebtedness and advances accrued astir to Rs 80,128 crore from Rs 74,331 crore for the aforesaid play a twelvemonth ago.

Total deposit grew 28% y-o-y astatine Rs 77,336 crore, portion it witnessed a de-growth of 1% q-o-q from Rs 77, 972 crore successful January-March.

Private assemblage lender Bandhan Bank registered an 8% year-on-year maturation successful its advances for the archetypal 4th this fiscal. However, connected a quarter-on-quarter basis, advances fell 8%.

In a banal speech filing connected Thursday, the Kolkata-based lender said for the 4th ended June its indebtedness and advances accrued astir to Rs 80,128 crore from Rs 74,331 crore for the aforesaid play a twelvemonth ago. Loan and advances stood astatine Rs 87,043 crore astatine the extremity of March 4th past fiscal. Total deposit grew 28% y-o-y astatine Rs 77,336 crore, portion it witnessed a de-growth of 1% q-o-q from Rs 77, 972 crore successful January-March.

The bank’s wide postulation ratio for the period of June was astir 80% (considering each customers, including NPA customers) arsenic against astir 96% successful March. Collection ratio for the microfinance conception successful June fell to astir 72% from astir 95% successful March this year.

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