Bandhan Bank records business growth of 32% at Rs 57k cr FY20

Kolkata: The city-based lender has witnessed a 32% year-over-year growth in business to Rs 57.073 crore during the financial year ending March 31, 2020. The bank had a total deposit of Rs 43,232 Rs million in March 2019.

The bank's total loans and advances grew 60% year-on-year to Rs 71,825 crore. This was revealed by the bank in a presentation to Sebi and the stock exchanges. The capital adequacy index (CAR) stands at 26.7% according to the presentation. It has also stated that as of March 31, 2020 the Bank had excess liquidity worth Rs 8,402 crore.

In addition to the above, the bank can also extract Rs 1,815 crore from RBI under the Marginal Standing Facility scheme, Bandhan added in the filing.

The lender also told the stock market that deposits from microbank clients remain strong and stable despite three weeks of blocking. The bank's collection efficiency in India for the period from January 1, 2020 to March 21, 2020 is 98.7%. Furthermore, the deposits of microbank clients continue to be solid and stable despite three weeks of blocking, ”he added.

According to Bandhan, the liquidity coverage ratio (LCR) as of March 31, 2020 is ~ 161%. As of March 31, 2020, the bank had excess liquidity of ~ Rs 8,402 crore.

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