Bank loan

Bandhan Bank’s Loan Portfolio Grows 16% in Q4; crosses Rs 1 trillion

Kolkata-based Bandhan Bank said on Tuesday that its loan portfolio crossed the Rs 1 lakh crore mark for the first time in January-March 2022, recording a 16 per cent increase from the same period ago a year.

The bank’s total loan amounted to Rs 1,01,359 crore in the fourth quarter of FY22.

Deposits grew at a much higher rate of 24% year-on-year to Rs 96,331 crore, of which low-cost CASA (Current Account Savings Account) deposits grew 18% to Rs 40 Rs 072 crore, the bank said.

The lender’s retail deposits jumped by 21% to Rs 74,441 crore and bulk deposits increased by 32% to Rs 21,890 crore in the quarter under review.

The contribution of the retail portfolio to the bank’s total deposits was 77%, compared to 85% in the quarter ending December 2021.

The bank’s loan coverage ratio was around 129%, while collection efficiency for the quarter was around 96%, up from 93% in the prior quarter.

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