Deposits from microbanking customers continue to be strong: Bandhan Bank

The company's collection efficiency pan-India for the period from January 1, 2020 till March 21, 2020 stands at 98.7 per cent

Bandhan Bank has reported about 60 per cent increase in loans and advances and nearly 32 per cent increase in deposits on a year-on-year basis at the end of 31st March 2020, the company said on Monday.

In a regulatory disclosure at the stock exchanges, the bank said, “Deposits from microbanking customers continues to be strong and stable despite three weeks of lockdown.”

Further, the liquidity coverage ratio (LCR) as on March 31, 2020 was at 161 per cent. As on March 31, 2020, the bank was having excess liquidity amounting to Rs 8,402 crore. In addition, the bank is