MoneyWorks4Me

Bandhan Bank collection efficiency ratio touches 90% in August

19 Sep 2020 Evaluate

Bandhan Bank’s collection efficiency ratio has touched 90 per cent at the end of August, and expected collections to normalise by December. The ratio, which is improving on a daily basis, is likely to be over 90 per cent in October. The bank’s micro borrowers have showed great resilience. The recovery process will be led by rural and semi-urban India.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Peers
Company Name CMP
HDFC Bank 704.25
ICICI Bank 1345.00
Axis Bank 1256.00
Kotak Mahindra Bank 443.00
Indusind Bank 852.90
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