Hand holding a tablet displaying Bandhan Bank's improved collection efficiency in an office.
Bandhan Bank announced a collection efficiency of 98.9% for March, a notable increase from 98.1% in December. This improvement reflects stronger financial performance and improved asset quality.
The bank’s assets under management (AUM) grew by 12.6% year-on-year, indicating a solid expansion of its financial portfolio. The micro loan portfolio saw its collection efficiency rise to 98.6%, while the non-micro loan book improved to 99.3%.
Loans and advances reached Rs 1.54 lakh crore by the end of the fiscal year, marking substantial growth in Bandhan Bank’s lending operations.
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