25% micro credit customers graduated to SMEs since Covid: Bandhan Bank MD

Ghosh says bank is looking to increase branch count to 8,000 nationally from the current 5,640

Let alone meeting repayment targets, around 25 per cent of Bandhan Bank’s micro credit customers graduated to become small and medium enterprise (SME) loans in the last couple of years amid pandemic.

According to Bandhan Bank’s founder Managing Director and Chief Executive Officer Chandra Shekhar Ghosh, the average ticket size for these customers too grew from Rs 55,000 to Rs 1.15 lakh in the past two years.

“Despite the pandemic, micro credit customers are growing into SME accounts or customers. Around 25 per cent of customers have graduated over two years with average ticket size growing from Rs 55,000 in