Bandhan Bank reports 15% YoY growth in advances despite decline in loan recovery

Bandhan Bank's advances grew by 15% year-on-year to Rs 1.33 lakh crore by the end of December, while the overall collection efficiency dropped to 97.6%. Deposits increased by 20% year-on-year to Rs 141 lakh crore, but there was a 1.1% decline over the last three months due to reduced CASA and bulk deposits.

Bandhan Bank said that its advances grew 15% year-on-year to Rs 1.33 lakh crore at the end of December even as its loan recovery took a hit across asset classes. ET Year-end Special Reads Stocks to buy in 2025: 66 ideas from top brokerages for your new year portfolio What does 2025 hold for India's IT services sector? 2025 may be the year of EVs in India, dominated by SUV launches The overall collection efficiency declined to 97.

6% for the December quarter from 98.2% seen in the preceding period. The same parameter for the microfinance loans fell to 97.

4% from 98.1%, while it stood 98.3% against 98.

7% for other loans. Bandhan Bank's deposits grew 20% year-on-year to Rs 141 lakh crore. The bank's outstanding deposit pile however shrunk 1.

1% in the last three months from Rs 1.43 lakh crore seen at the end of September. This was led by a 5.

4% shrinkage in current and savings account (CASA) deposits and 3.7% fall in bulk deposits, according to the data submitted by the bank to the stock exchanges. Its CASA ratio to total deposits dipped to 31.

7% from 36.1% a year back, as savers moved their saving deposits to fixed deposits in search of higher returns. (You can now subscribe to our Economic Times WhatsApp channel ).