BANDHANBNK - Bandhan Bank
📢 Recent Corporate Announcements
Bandhan Bank Limited participated in the UBS Emerging India Mid-Caps Corporate Day held on March 10, 2026, in Singapore. The bank engaged in group meetings with institutional investors, including Gateway Management Co. Pte. Ltd and Point 72 Asset Management. This disclosure follows the bank's prior notification on March 05, 2026, regarding the scheduled interaction. Such meetings are part of the bank's regular investor relations program to discuss business strategy and performance.
- Participated in the UBS Emerging India Mid-Caps Corporate Day on March 10, 2026
- The group meeting was held in Singapore with global institutional investors
- Key attendees included Gateway Management Co. Pte. Ltd and Point 72 Asset Management
- Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015
Bandhan Bank participated in the UBS Emerging India Mid-Caps Corporate Day held in Singapore on March 09, 2026. The bank engaged in a group meeting with two major institutional investors, Oxbow Capital Management and Polymer Capital Singapore. This interaction is part of the bank's regular investor outreach program to discuss business updates. The disclosure was made in accordance with Regulation 30 of the SEBI LODR Regulations, following an initial intimation on March 04, 2026.
- Meeting conducted on March 09, 2026, as part of the UBS Emerging India Mid-Caps Corporate Day.
- Interaction involved 2 specific institutional investors based in Singapore.
- The venue for the group meeting was Singapore, indicating international investor outreach.
- Disclosure follows the initial intimation provided by the bank on March 04, 2026.
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.
- 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.
Bandhan Bank has scheduled an in-person group meeting with institutional investors on March 09, 2026, in Singapore. The bank will be participating in the UBS Emerging India Mid-Caps Corporate Day to engage with global stakeholders. Management will utilize the previously released Q3 FY 25-26 investor presentation for these discussions. This is a routine disclosure under SEBI regulations to maintain transparency regarding investor interactions.
- Participation in UBS Emerging India Mid-Caps Corporate Day scheduled for March 09, 2026.
- The event involves in-person group meetings with institutional investors in Singapore.
- Bank will utilize the Q3 FY 25-26 investor presentation for the meet.
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
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.
- 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.
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.
- 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.
Bandhan Bank participated in the 'Kotak Chasing Growth 2026' institutional investor conference held in Mumbai on February 25, 2026. The bank engaged with a group of 25 prominent institutional investors, including Norges Bank, Kotak Mahindra AMC, and White Oak Capital. These interactions are part of the bank's regular outreach to discuss business strategy and growth prospects. No unpublished price-sensitive information was disclosed during the session.
- Held a group meeting with 25 institutional investors in Mumbai on February 25, 2026
- Participating firms included Norges Bank Investment Management, HDFC Ergo, and Kotak Mahindra Life Insurance
- The event was organized by Kotak Securities as part of their 'Chasing Growth 2026' series
- The disclosure follows a prior intimation submitted to the exchanges on February 18, 2026
Bandhan Bank has been voluntarily assigned an Environmental, Social, and Governance (ESG) rating of 67 by NSE Sustainability Ratings and Analytics Limited. This score places the bank in the 'Aspiring' category for the financial year 2025. The rating is based on the bank's public disclosures and other publicly available information. While the 'Aspiring' status indicates there is significant room for improvement in ESG metrics, the formalization of this rating is a step toward better transparency for institutional investors.
- Assigned an ESG score of 67 by SEBI-registered provider NSE Sustainability Ratings and Analytics Limited.
- The bank is currently classified under the 'Aspiring' rating category for FY 2025.
- Rating assessment was conducted based on voluntary public disclosures and available data.
- The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
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.
- 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.
Bandhan Bank participated in two major investor conferences in Mumbai on February 11, 2026: Axis Capital's Flagship India Conference and Nuvama India Conference. The bank held group meetings with a total of 17 institutional investors, including major entities like Kotak Mahindra Asset Management, White Oak Capital, and Groww Mutual Fund. These meetings are part of the bank's ongoing investor relations strategy to provide updates on business performance. Such disclosures are mandatory under SEBI (LODR) Regulations and typically do not involve sharing unpublished price-sensitive information.
- Participated in two flagship conferences: Axis Capital's Flagship India and Nuvama India Conference 2026.
- Held group meetings with 8 institutions at the Axis Capital event, including Aditya Birla Sun Life and Kotak Mahindra Life.
- Engaged with 9 institutions at the Nuvama event, including Baroda BNP Paribas Mutual Fund and Groww Mutual Fund.
- Meetings were conducted in Mumbai on February 11, 2026, as per SEBI Regulation 30 disclosures.
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.
- 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.
Bandhan Bank has announced the grant of 57,500 equity stock options to eligible employees under its ESOP Series 1 - Tranche 7. The options are priced at Rs 162.07 per share, which was the closing price on the NSE on February 9, 2026. These options follow a graded vesting schedule of 25% per year over a four-year period. This is a routine administrative action aimed at employee retention and aligning staff interests with long-term bank performance.
- Grant of 57,500 equity stock options approved by the NRC on February 10, 2026
- Exercise price fixed at Rs 162.07 per share based on previous day's closing price
- Vesting occurs in four equal annual installments of 25% each
- Exercise period is a maximum of five years from the date of each vesting
- Each option is convertible into one equity share of face value Rs 10
Bandhan Bank has announced its participation in two significant institutional investor conferences scheduled for February 11, 2026, in Mumbai. The bank will engage in group meetings at Axis Capital's Flagship India Conference and the Nuvama India Conference 2026. These interactions follow the release of the bank's Q3 FY 25-26 financial results. The bank has directed investors to its latest presentation for detailed financial performance metrics and strategic updates.
- Scheduled participation in two major investor conferences on February 11, 2026.
- Events include Axis Capital's Flagship India Conference and Nuvama India Conference.
- Meetings are structured as in-person group sessions in Mumbai.
- Bank has provided the Q3 FY 25-26 investor presentation link for stakeholder reference.
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.
- 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.
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.
- 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.
Financial Performance
Revenue Growth by Segment
Gross advances grew 7% YoY to Rs. 1.4 lakh Cr as of Q2 FY26. The Emerging Entrepreneur Business (EEB) segment declined 13% YoY to Rs. 51,733 Cr, while the secured loan portfolio grew 25% YoY, now accounting for 55% of total advances. Non-interest income moderated 10% YoY due to lower treasury gains, but third-party product income grew 48% YoY.
Geographic Revenue Split
The Eastern and North-Eastern regions account for 38% of the overall loan portfolio as of June 30, 2025, down from 44% in March 2024. West Bengal and Assam remain the primary concentration hubs, housing 55% of the bank's outlets.
Profitability Margins
Return on Average Assets (RoAA) was 1.5% for fiscal 2025, up from 1.3% in fiscal 2024. For H1 FY26, RoA stood at 0.5% and Return on Equity (RoE) was 4%. Net income for Q2 FY26 was Rs. 3,135 Cr with a PAT of Rs. 112 Cr.
EBITDA Margin
Operating profit for Q2 FY26 stood at Rs. 1,310 Cr. The operating profile was impacted by a 75 bps repo rate cut passed to customers, which compressed margins in the short term until deposit repricing occurs.
Capital Expenditure
Not disclosed in available documents; however, the bank added 4 new branches in Q2 FY26, bringing the total network to 1,754 branches.
Credit Rating & Borrowing
ICRA reaffirmed [ICRA]AA- (Stable) for the NCD programme and [ICRA]A1+ for certificates of deposit. Cost of funds for H1 2025 was 6.7% (annualized), up from 6.0% in fiscal 2024.
Operational Drivers
Raw Materials
Not applicable for banking services; the primary cost driver is the 'Cost of Funds' representing interest paid on deposits.
Capacity Expansion
Current branch network stands at 1,754 branches. Total banking outlets, including doorstep service centres (DSCs) and GRUH centres, reached 6,344 across 35 states and UTs as of June 30, 2025.
Raw Material Costs
Cost of funds increased to 6.7% in H1 2025 from 6.0% in FY24. The bank is proactively reducing savings account rates and expects lower term deposit costs from Q4 FY26 to improve margins.
Strategic Growth
Expected Growth Rate
7%
Growth Strategy
The 'Bandhan 2.0' strategy focuses on transitioning from a microfinance-focused bank to a full-service commercial bank. This involves diversifying into secured assets (now 55% of book), expanding the branch network (1,754 branches), and increasing third-party product cross-selling (which grew 48% YoY).
Products & Services
Microfinance loans (EEB), housing loans (GRUH), wholesale banking, retail assets, savings accounts, current accounts (CASA), and term deposits.
Brand Portfolio
Bandhan Bank, GRUH Finance.
New Products/Services
Third-party products (insurance, mutual funds) contributed to a 48% YoY growth in specific fee income.
Market Expansion
Geographical diversification into Western India following the GRUH Finance merger, while maintaining a competitive edge in East and North-East India (38% of portfolio).
Strategic Alliances
Amalgamation with GRUH Finance Limited (completed October 2019) to diversify into the housing finance segment.
External Factors
Industry Trends
The microfinance industry is implementing new guardrails to manage overleveraging (Bandhan's overleveraged EEB portion is 9.5% vs industry 19% a year ago). There is a broad industry shift toward secured lending and digital customer journeys.
Competitive Landscape
Faces competition from universal banks and NBFC-MFIs; Bandhan maintains a superior 90+ and 180+ DPD profile (2.08%) compared to the industry average (3.27%).
Competitive Moat
Durable advantage through a 20-year track record in microfinance and deep local knowledge in East/North-East India. The group-based individual lending model provides a unique collection and engagement framework.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles; a 75 bps repo cut in Q1 was passed to customers in Q2, impacting immediate yields.
Consumer Behavior
Shift toward secured retail and housing assets as the bank transitions to a full-service commercial model.
Geopolitical Risks
Direct exposure is not material; however, regional economic conditions in West Bengal and Assam (38% of advances) are critical monitorables.
Regulatory & Governance
Industry Regulations
Promoter (BFHL) is required to reduce shareholding in the bank to 26% by August 2030 (currently 40%). The bank must also comply with RBI risk weight norms for microfinance loans.
Environmental Compliance
Direct exposure to environmental risks is not material given the service-oriented nature of banking.
Risk Analysis
Key Uncertainties
Ongoing stress in the EEB segment with gross slippages of Rs. 1,118 Cr in Q2 FY26. Technical write-offs of Rs. 865 Cr were undertaken to manage headline GNPA metrics.
Geographic Concentration Risk
38% of advances and 55% of banking outlets are concentrated in the Eastern and North-Eastern regions, exposing the bank to regional event risks.
Technology Obsolescence Risk
The bank is mitigating technology risks through its Bandhan 2.0 transformation initiatives focused on seamless integrated customer journeys.
Credit & Counterparty Risk
GNPA ratio remained stable QoQ at 5% as of Q2 FY26; Net NPA ratio was 1.4%. Provision Coverage Ratio (PCR) including technical write-offs improved to 87.6%.