Bandhan’s non-microfin pie at 56%

Bandhan Bank has moved on from the days when its entire advance book comprised just microcredit, said its MD & CEO Chandra Sekhar Ghosh. “The share of microcredit has come down to 44%, while the remaining 56% consists of non-microfinance loans,” he said at the seventh anniversary celebrations of the bank.

Speaking on the growth in non-microfinance segment, Ghosh said: “Our home loan portfolio is increasing at a pace of nearly 20% year-on-year. The bank is also well-placed to disburse over 8,000 two-wheeler loans per month during this fiscal from 3,000 earlier.” The bank currently has about three lakh home loan customers.

As a part of its focus to make its distribution strongeroutside the east, Bandhan will open 551 more branches in 2022-23 taking the total count over 6,000, the MD & CEO added. “Majority of these will be outside of eastern India.” He said Bandhan will continue to expand its product portfolio.