Private sector lender Bandhan Bank on Wednesday said its loans and advances grew 12.3% year-on-year, while total deposits soared 12.8% y-o-y during the second quarter of the current financial year.
During the September quarter, the bank‘s loans and advances increased by 4.3% quarter-on-quarter at Rs 1.08 trillion. During the period under review deposits grew 3.3% q-o-q at Rs 1.12 trillion, the bank said in a stock exchange filing while declaring its provisional unaudited numbers for Q2FY24.
The lender’s collection efficiency (excluding NPA) for the September quarter stood at 98%. Collection efficiency, excluding NPA, for the EEB segment (erstwhile microbanking segment) was at 98% during the period, according to the stock exchange filing.