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Bandhan Bank collection efficiency ratio touches 90% in August
Sep-19-2020

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.

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