<p class="bodytext">Private lender Bandhan Bank on Friday said collection efficiency ratio has touched 80 per cent at the end of August and expected collections to normalise by December.</p>.<p class="bodytext">The ratio, which is improving on a "daily basis", is likely to be over 90 per cent in October, it said.</p>.<p class="bodytext">"Our micro borrowers have shown great resilience. The ability to get back on feet is exemplary and there has been no destruction of their assets," MD & CEO Chandra Sekhar Ghosh said.</p>.<p class="bodytext">In case of non-microbanking credit, collection efficiency has also increased for mortgage lending, SME lending, NBFC lending, the bank said.</p>.<p class="bodytext">Ghosh said prospects for credit offtake in the second half of the fiscal look promising. "The recovery process will be led by rural and semi-urban India".</p>.<p class="bodytext">Meanwhile, the lender renamed its micro-credit vertical as Emerging Entrepreneurs Business (EEB).</p>.<p class="bodytext">"In line with the bank's business strategy, a new vertical has been formed to better serve the emerging and diversified needs and aspirations of this segment.</p>.<p class="bodytext">"In addition to microloans, the vertical will also manage micro home loans, micro bazaar loans and micro-enterprise loans," Ghosh said.</p>
<p class="bodytext">Private lender Bandhan Bank on Friday said collection efficiency ratio has touched 80 per cent at the end of August and expected collections to normalise by December.</p>.<p class="bodytext">The ratio, which is improving on a "daily basis", is likely to be over 90 per cent in October, it said.</p>.<p class="bodytext">"Our micro borrowers have shown great resilience. The ability to get back on feet is exemplary and there has been no destruction of their assets," MD & CEO Chandra Sekhar Ghosh said.</p>.<p class="bodytext">In case of non-microbanking credit, collection efficiency has also increased for mortgage lending, SME lending, NBFC lending, the bank said.</p>.<p class="bodytext">Ghosh said prospects for credit offtake in the second half of the fiscal look promising. "The recovery process will be led by rural and semi-urban India".</p>.<p class="bodytext">Meanwhile, the lender renamed its micro-credit vertical as Emerging Entrepreneurs Business (EEB).</p>.<p class="bodytext">"In line with the bank's business strategy, a new vertical has been formed to better serve the emerging and diversified needs and aspirations of this segment.</p>.<p class="bodytext">"In addition to microloans, the vertical will also manage micro home loans, micro bazaar loans and micro-enterprise loans," Ghosh said.</p>