Bandhan Bank Q2 business update, Total Business increases by 24.6%

New Delhi: In the second quarter of the current financial year, private lender Bandhan Bank reported a 24.6 percent increase in total business. According to a regulatory filing with the exchanges, the total business at the end of September 30, 2024, reached Rs 2,73,163 crore, up from Rs 2,19,712 crore in the same period last year, representing a 24.6 percent rise.

Loans and advances of the bank at the end of the current second quarter stood at Rs 1,30,652 crore, while deposits touched Rs 1,42,511 crore, the lender said.

The collection efficiency ratio of the bank across all its business verticals at the end of the second quarter of the current financial year stood at 98.2 percent, as compared to 98.7 percent in the preceding quarter.

The collection efficiency ratio of the micro-credit business of the lender at the end of the second quarter of the current fiscal stood at 98.1 percent, as against 98.8 percent in the preceding quarter ending June 30, 2024.

Meanwhile, the bank has also extended the tenure of the term of interim MD&CEO Ratan Kumar Kesh for one month effective October 10.