Bandhan Bank'ss March quarter update has perhaps left its investors feeling vindicated for their bet on the lender during tough times. Not only was the lender able to keep up its business growth but also manage to collect repayments from 96% of its customers kalia yojana list.
The bank reported a 21% year-on-year growth in its loan book for the March quarter and a sequential growth of 8.5%. The microfinance lender was able to do all this despite the emerging second wave of the pandemic and state elections. Analysts point out that this shows the resilience of the lender in challenging times. State assembly elections tend to disrupt repayments and even loan offtake as borrowers get wary of changes in rules and even expect waivers. Elections are underway in West Bengal and Assam, which together contribute nearly 60% of Bandhan Bank’s microloans Benefits of Cinnamon.