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Bandhan Bank Denies Sale Rumors Following 5.9% Stock Price Decline
Bandhan Bank has officially clarified that it is not aware of any developments regarding media reports suggesting the bank may be put up for sale. The clarification follows a 5.9% drop in the bank's share price on March 9, 2026, where the stock moved from Rs. 182.95 to Rs. 172.15. The bank stated it has not received any communication regarding such negotiations and maintains that all material information has been disclosed to exchanges. Management attributes the recent price volatility to market-driven factors rather than internal developments.
Key Highlights
Bank denies reports of being 'put on the block' following an NDTV Profit news item.
Stock price witnessed a sharp decline of 5.9% on March 9, 2026, closing at Rs. 172.15.
Management confirms no negotiations are currently taking place to their knowledge.
Bank asserts that all price-sensitive information has been disclosed as per SEBI LODR regulations.
The bank attributes the recent price movement to general market conditions.
💼 Action for Investors
Investors should remain cautious of speculative M&A rumors and focus on the bank's core asset quality and MFI cycle recovery. Monitor the stock for further volatility as the market processes the bank's formal denial of the sale reports.
Bandhan Bank Shareholders Approve ESOP Expansion and Key Management Remuneration
Bandhan Bank shareholders have approved six key resolutions via postal ballot, including the expansion and amendment of the 'Employee Stock Option Plan Series 1'. The bank received strong support for the re-appointment of Mr. Ratan Kumar Kesh as Executive Director & COO, alongside the approval of remuneration for the MD & CEO, Mr. Partha Pratim Sengupta. All resolutions passed with a significant majority, with total valid votes representing approximately 63.96% of the shareholding. In compliance with the Banking Regulation Act, promoter voting rights were capped at 26%, resulting in over 210 million votes being treated as invalid.
Key Highlights
Shareholders approved an increase in the aggregate number of ESOPs under the 'Bandhan Bank Employee Stock Option Plan Series 1' with 99.07% votes in favour.
Re-appointment of Mr. Ratan Kumar Kesh as Executive Director & COO was confirmed with 98.10% of votes cast in favour.
Remuneration for MD & CEO Partha Pratim Sengupta and ED Rajinder Kumar Babbar approved with over 99.43% support.
Promoter voting rights were restricted to 26% (41.88 crore shares) as per Section 12(2) of the Banking Regulation Act, 1949.
Total valid votes polled across the resolutions reached approximately 1.03 billion shares, reflecting high institutional participation.
💼 Action for Investors
The overwhelming shareholder support for management remuneration and ESOP expansion indicates strong confidence in the bank's leadership and long-term talent retention strategy. Investors should view this as a positive sign of stability and governance continuity.
RBI Approves SBI Mutual Fund to Acquire Up to 9.99% Stake in Bandhan Bank
The Reserve Bank of India (RBI) has granted approval to SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Bandhan Bank. This approval, dated February 25, 2026, is valid for one year and requires the applicant to complete the acquisition within this timeframe. The move signifies strong institutional interest from India's largest mutual fund house in the private sector lender. SBI MF must ensure its holding does not exceed the 9.99% limit and must seek fresh approval if its stake falls below 5% and needs to be increased again.
Key Highlights
RBI approval granted for SBI Mutual Fund to acquire up to 9.99% of paid-up share capital or voting rights.
The approval is valid for a period of one year from February 25, 2026.
SBI Mutual Fund must maintain its aggregate holding below the 9.99% threshold at all times.
Prior RBI approval will be required if the holding falls below 5% and needs to be raised back to 5% or more.
💼 Action for Investors
Investors should view this as a positive signal of institutional confidence in Bandhan Bank's valuation and long-term prospects. Monitor the bank's shareholding patterns in upcoming quarters to track the actual pace of accumulation by SBI Mutual Fund.
Bandhan Bank Appoints Debashish Mukherjee as Independent Director and Interim CIV
Bandhan Bank has approved the appointment of Mr. Debashish Mukherjee, former Executive Director of Canara Bank, as an Independent Director for a three-year term. This appointment is subject to Ministry of Finance approval as it occurs within his one-year cooling-off period post-retirement. Additionally, the bank has appointed Mr. Prakash E as the Interim Chief of Internal Vigilance (CIV) effective February 24, 2026, following the resignation of the previous CIV. Mr. Prakash E brings 25 years of experience, including roles at ICICI Bank and Samsung.
Key Highlights
Mr. Debashish Mukherjee appointed as Independent Director for a 3-year term, pending Ministry of Finance and shareholder approval.
Mr. Mukherjee has over 30 years of banking experience and previously served as Executive Director at Canara Bank until May 2025.
Mr. Prakash E named Interim Chief of Internal Vigilance for a period of 6 months or until a permanent replacement is found.
Outgoing CIV Mr. P Ramaswamy to conclude his tenure on February 23, 2026.
The board meeting lasted over 6 hours, concluding at 4:15 P.M. on February 12, 2026.
💼 Action for Investors
These are routine management and governance updates. Investors should monitor if the new leadership helps improve the bank's risk management and internal oversight frameworks.
RBI Approves ICICI Prudential AMC to Acquire Up to 9.95% Stake in Bandhan Bank
The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited, along with ICICI Bank group entities, to acquire an aggregate holding of up to 9.95% in Bandhan Bank. This approval, dated February 10, 2026, allows the applicant to increase its stake from current levels to just under the 10% regulatory ceiling for non-promoter entities. The acquisition must be completed within one year, and the holding must not exceed 9.95% at any time. This move signifies strong institutional interest from one of India's largest asset managers in the private lender.
Key Highlights
RBI approval granted for aggregate holding of up to 9.95% of paid-up share capital or voting rights.
Approval is valid for a period of one year from February 10, 2026.
Entities involved include ICICI Prudential AMC and group entities of ICICI Bank Limited.
Prior RBI approval will be required again if the holding falls below 5% and needs to be increased back above that threshold.
The acquisition is subject to compliance with the Banking Regulation Act, 1949 and FEMA regulations.
💼 Action for Investors
Investors should view this as a positive endorsement of Bandhan Bank's valuation and long-term prospects by a major domestic institutional investor. Monitor upcoming shareholding patterns to track the actual pace of stake accumulation by ICICI Prudential.
Bandhan Bank Seeks Approval to Increase ESOP Pool by 2.58 Crore Options
Bandhan Bank has issued a postal ballot notice to seek shareholder approval for increasing its ESOP pool by 2,57,91,518 options, which represents 1.60% of the bank's total paid-up equity share capital. This increase will bring the total ESOP pool to 8,05,48,570 options. The bank is also seeking approval for the re-appointment of Mr. Ratan Kumar Kesh as Executive Director and the remuneration packages for top leadership, including MD & CEO Partha Pratim Sengupta. The e-voting period ends on March 1, 2026, with results expected by March 3, 2026.
Key Highlights
Proposed increase of 2,57,91,518 ESOP options, representing 1.60% of total paid-up equity.
Total ESOP pool to expand from 5,47,57,052 to 8,05,48,570 options.
Shareholder approval sought for the re-appointment of Mr. Ratan Kumar Kesh as Executive Director & COO.
Remuneration approvals pending for MD & CEO Partha Pratim Sengupta and ED & CBO Rajinder Kumar Babbar.
Remote e-voting period scheduled from January 31, 2026, to March 1, 2026.
💼 Action for Investors
Investors should monitor the outcome of the voting to assess potential equity dilution from the expanded ESOP pool and ensure executive compensation is aligned with the bank's performance metrics.
Bandhan Bank Q3 FY26: GNPA Drops to 3.3% Post ARC Sale; PAT at ₹206 Crore
Bandhan Bank reported a 10% YoY growth in gross advances to ₹1.45 lakh crore, with a significant shift toward a secured book which now stands at 57%. The bank executed a major cleanup by selling ₹6,872 crore of NPAs and written-off accounts to ARCs, leading to a sharp improvement in GNPA to 3.3% and NNPA to 1.0%. Profitability was impacted by a one-time ₹120 crore provision for new labour codes and credit costs, resulting in a PAT of ₹206 crore. Retail deposit franchise remains strong with retail term deposits growing 36% YoY.
Key Highlights
Gross advances reached ₹1.45 lakh crore, up 10% YoY, with secured loans making up 57% of the mix.
Asset quality improved significantly with GNPA at 3.3% and NNPA at 1.0% following large-scale ARC sales.
Retail term deposits grew 36% YoY, taking the total retail deposit mix to 72% of the ₹1.57 lakh crore deposit base.
Net Interest Margin (NIM) improved sequentially to 5.9% as cost of funds began to ease.
One-time provision of ₹120 crore made for gratuity following the notification of new Labour Codes.
💼 Action for Investors
Investors should view the aggressive asset quality cleanup as a positive step toward balance sheet stability, though high credit costs remain a factor. Monitor the bank's ability to scale its CASA ratio, which currently stands at 27%, to further optimize margins.
Bandhan Bank Re-appoints Ratan Kumar Kesh as ED for 3 Years; Seeks ESOP Pool Increase
Bandhan Bank has approved the re-appointment of Mr. Ratan Kumar Kesh as Executive Director and Chief Operating Officer for a three-year term starting March 31, 2026. The bank is also initiating a postal ballot to seek shareholder approval for increasing the aggregate number of employee stock options under its ESOP Plan Series 1. Furthermore, the ballot will address the remuneration of top leadership, including MD & CEO Mr. Partha Pratim Sengupta and Executive Director Mr. Rajinder Kumar Babbar. These steps are aimed at ensuring leadership continuity and strengthening talent retention through equity incentives.
Key Highlights
Re-appointment of Mr. Ratan Kumar Kesh as Executive Director & COO for a 3-year term effective March 31, 2026.
Proposal to increase the aggregate number of employee stock options under the Bandhan Bank Employee Stock Option Plan Series 1.
Shareholder approval sought for the remuneration of MD & CEO Mr. Partha Pratim Sengupta.
Remuneration approvals pending for Executive Directors Mr. Rajinder Kumar Babbar and Mr. Ratan Kumar Kesh.
The board meeting concluded after over 6 hours of deliberation on January 22, 2026.
💼 Action for Investors
Investors should view these developments as routine governance measures to ensure management stability. Monitor the upcoming postal ballot notice for specific details on the ESOP expansion and its potential impact on equity dilution.
Bandhan Bank Q3FY26: PAT Falls 52% YoY to ₹2.1 Bn; GNPA Improves Sharply to 3.3%
Bandhan Bank reported a mixed Q3FY26 with Net Profit declining 51.7% YoY to ₹2.1 billion, although it saw a strong 83.9% recovery on a sequential basis. The bank's asset quality improved significantly, with GNPA dropping to 3.3% from 4.66% YoY and NNPA at 1.0%. Loan book diversification is progressing well as the share of micro-banking (EEB) fell to 34.5% from 42.5% YoY, while retail assets grew 57.1% YoY. However, profitability remains under pressure with NIMs compressing by 97 bps YoY to 5.9% and the CASA ratio declining to 27.3%.
Key Highlights
Gross Advances grew 10% YoY to ₹1,452.2 billion, driven by 57.1% growth in Retail and 32.3% in Wholesale segments.
Asset quality showed marked improvement with GNPA at 3.3% and NNPA at 1.0%, compared to 4.66% and 1.29% respectively in Q3FY25.
Net Interest Margin (NIM) compressed to 5.9% from 6.87% YoY, leading to a 4.5% decline in Net Interest Income (NII).
Secured loan book increased to 56.7% of total advances, up from 48.9% in the previous year.
CASA ratio weakened to 27.3% from 31.7% YoY, reflecting higher costs of funds as retail term deposits grew 36.8% YoY.
💼 Action for Investors
Investors should focus on the bank's successful transition toward a diversified, secured lending model, which is improving asset quality. However, the current low ROE of 3.2% and NIM compression suggest that a full earnings recovery may take a few more quarters.
Bandhan Bank Q3 Net Profit jumps 84% QoQ to ₹205.6 Cr; Gross NPA improves to 3.33%
Bandhan Bank reported a sequential recovery with Q3 FY26 net profit rising 83.8% QoQ to ₹205.6 crore, though it declined 51.8% on a YoY basis. The bank saw a significant improvement in asset quality, with Gross NPA dropping to 3.33% from 5.02% in the previous quarter and Net NPA falling to 0.99%. Total income grew to ₹6,122.2 crore, driven by steady interest income of ₹5,431.2 crore. Despite the profit growth, provisions remained elevated at ₹1,154.6 crore, indicating ongoing credit cost management.
Key Highlights
Net Profit at ₹205.6 crore, up 83.8% QoQ but down 51.8% YoY from ₹426.5 crore.
Gross NPA ratio improved significantly to 3.33% from 5.02% in Q2 FY26.
Net NPA ratio declined to 0.99% from 1.37% in the previous quarter.
Total Income for the quarter stood at ₹6,122.2 crore vs ₹5,900.3 crore in Q2 FY26.
Capital Adequacy Ratio (CAR) remains robust at 17.33%.
💼 Action for Investors
The sharp sequential improvement in asset quality and the drop in Net NPA below 1% are major positive triggers. Investors should monitor if this trend of declining NPAs continues in the coming quarters to confirm a sustainable turnaround.
Bandhan Bank Chief Audit Executive Navin Sharma Resigns
Bandhan Bank has announced the resignation of Mr. Navin Sharma, who served as the Chief Audit Executive (CAE) and Head of Internal Audit. The resignation was submitted on January 14, 2026, with the executive citing personal reasons for his departure. Mr. Sharma will remain with the bank until April 13, 2026, providing a three-month transition period. This change in senior management involves a critical role responsible for the bank's internal control and governance frameworks.
Key Highlights
Mr. Navin Sharma resigned as Chief Audit Executive and Head of Internal Audit on January 14, 2026.
The resignation is attributed to personal reasons according to the official filing.
The executive will serve a notice period until his last working day on April 13, 2026.
The bank is required to find a successor for this key internal control function to ensure governance continuity.
💼 Action for Investors
Investors should monitor the bank's progress in appointing a new Head of Internal Audit to ensure there is no lapse in oversight. While the resignation is for personal reasons, the audit function is vital for a banking institution's risk management.
Bandhan Bank Q3 Update: Advances Up 10% YoY, CASA Ratio Declines to 27.26%
Bandhan Bank reported a 10% YoY growth in loans and advances to ₹1,45,227 crore for the quarter ended December 31, 2025. While total deposits grew 11.1% YoY to ₹1,56,723 crore, the bank saw a sequential decline of 0.9% in total deposits and a 3.3% drop in CASA deposits. The CASA ratio has significantly deteriorated to 27.26% from 31.73% a year ago, indicating higher funding costs. However, pan-bank collection efficiency showed improvement, rising to 98.1% in December 2025 compared to 97.8% in September 2025.
Key Highlights
Loans and advances grew 10.0% YoY and 3.7% QoQ to ₹1,45,227 crore.
CASA ratio fell to 27.26% from 31.73% YoY, reflecting pressure on low-cost deposits.
Retail term deposits saw strong growth of 35.8% YoY, reaching ₹70,690 crore.
Pan-bank collection efficiency (excluding NPA) improved to 98.1% in December 2025.
Liquidity Coverage Ratio (LCR) remains healthy at approximately 149.14%.
💼 Action for Investors
Investors should monitor the upcoming full earnings release for the impact of the declining CASA ratio on Net Interest Margins. While credit growth and collection efficiency are stable, the rising cost of deposits remains a key headwind to watch.
Bandhan Bank completes sale of ₹6,872 Cr NPA & Written-off portfolios for ₹902 Cr
Bandhan Bank has concluded the sale of unsecured NPA and written-off portfolios with a total principal outstanding of ₹6,872.36 crore. The NPA portfolio of ₹3,165.25 crore was sold to ARCIL for ₹569.75 crore, while the written-off portfolio of ₹3,707.11 crore was sold to Phoenix ARC for ₹331.97 crore. These sales were executed on a Security Receipts (SR) basis, with the bank retaining ₹472.73 crore in SRs across both transactions. This strategic move is intended to improve asset quality metrics and focus on core business growth.
Key Highlights
Offloaded ₹3,165.25 crore of unsecured NPAs (>180 DPD) for ₹569.75 crore to ARCIL
Sold ₹3,707.11 crore of written-off loan portfolios to Phoenix ARC for ₹331.97 crore
Total consideration for the combined portfolios stands at ₹901.72 crore
Bank retains significant interest through ₹472.73 crore in Security Receipts (SRs)
Portfolios primarily include loans from Emerging Entrepreneurs and Aspiring Business groups
💼 Action for Investors
This is a positive development for cleaning up the balance sheet and should lead to a reduction in reported GNPA. Investors should watch for the impact on the bank's provision coverage ratio and net interest margin in the upcoming quarterly results.
RBI Approves Re-appointment of Ratan Kumar Kesh as Executive Director for 3 Years
The Reserve Bank of India (RBI) has granted approval for the re-appointment of Mr. Ratan Kumar Kesh as the Executive Director and Chief Operating Officer (COO) of Bandhan Bank. The new term is set for a duration of 3 years, commencing from March 31, 2026. This leadership continuity is significant for the bank's operational stability as Mr. Kesh remains a Key Managerial Personnel. The re-appointment is now pending final approval from the bank's shareholders.
Key Highlights
RBI approval received on December 26, 2025, for the re-appointment of Mr. Ratan Kumar Kesh.
The new tenure is for a period of 3 years starting from March 31, 2026.
Mr. Kesh will continue to serve as the Executive Director and Chief Operating Officer (COO).
The appointment remains subject to the approval of the Bank's shareholders as per SEBI regulations.
💼 Action for Investors
Investors should take this as a sign of management stability and regulatory alignment. No immediate action is required, but shareholders should participate in the upcoming voting process for the formal approval.