Bandhan Bank s collection efficiency hit in Assam as state passes micro-finance bill
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MUMBAI :
Bandhan Bank, a large player in the micro-finance market, has seen its collection efficiency dip in Assam days after the Bharatiya Janata Party-ruled state passed a bill to regulate micro finance lenders.
The Kolkata-headquartered lender witnessed a 10-percentage point contraction in collection efficiency between the December quarter and 1-16 January, to 78%. Collection has dipped in West Bengal as well, but by a meagre 1 percentage point, showed data released by the bank on Thursday.
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