Bandhan Bank Ltd(BANDHANBNK)

NSE: BANDHANBNKBSE: 541153

₹ 151.45-4.36%refreshed 23 Oct, 03:58 pm ISTMarket cap: ₹ 24,401 crNext results: 28 Oct 2026Website: www.bandhanbank.comUpdated: 24 Oct 2026

About

Bandhan Bank is an Indian private sector bank that started as a microfinance institution and is diversifying into secured retail and wholesale lending. As of March 31, 2025 it had 6,309 banking outlets across 35 States and Union Territories. Retail Banking made up 77.5% of segment revenue in FY26. Total advances grew 16.4% YoY in Q1 FY27.^[1][2]

Business segments

Retail Banking: Rs 21,911.24 Cr of revenue, 77.5% of the segment total in FY26, compared with Rs 21,937.35 Cr in FY25.^[1][2]
Treasury: Rs 3,083.64 Cr of revenue, 10.9% of the segment total in FY26, compared with Rs 2,517.82 Cr in FY25.^[1][2]
Wholesale Banking: Rs 2,727.89 Cr of revenue, 9.6% of the segment total in FY26, compared with Rs 2,213.14 Cr in FY25.^[1][2]

Loan book mix

Total advances grew 16.4% YoY in Q1 FY27. The non-EEB portfolio grew 27% YoY and made up two-thirds of the loan book.^[3]
Secured loans were 57% of advances in Q1 FY27, up 473 bps YoY. Retail assets grew 45% YoY and wholesale banking 38% YoY.^[3]
The secured portfolio was 50.5% of the total portfolio as of March 31, 2025. The EEB (microfinance) share fell to 41.3% from 49.9%.^[2]
The EEB (microfinance) portfolio was ₹52,641 crores in Q1 FY27. Management aims to hold EEB at 33-35% of the total book.^[3]
In Q4 FY26 the EEB book grew 8% quarter on quarter to ₹53,906 crores. Active borrowers were 12.4 mn, against 13.2 mn a year earlier.^[4]
Retail Assets advances grew 97.6% to ₹11,021 crore as of March 31, 2025. The segment covers gold, car, CVCE, two-wheeler and personal loans.^[2]
As of March 31, 2025: housing loans ₹33,086 crore (up from ₹29,916 crore), Mid-Market Group ₹12,243 crore, Small Enterprise Loans ₹4,526 crore.^[2]

Deposits and capital

The CASA ratio was 29.4% in Q1 FY27, up 234 bps YoY.^[3]
Bulk deposits fell 13% YoY in Q1 FY27. Their share of total deposits dropped to 26% from 32% a year earlier.^[3]
CRAR was 18.2% and Tier-1 capital 17.5% in Q1 FY27, compared with a CAR of 18.71% and Tier-1 of 17.86% as of March 31, 2025.^[3][2]

Key operating numbers

NIM was 6.2% in Q1 FY27, down 16 bps YoY. NIM for full-year FY26 was 6.1%.^[3]
In Q1 FY27 the GNPA ratio was 3.1%, down 182 bps YoY. NNPA was 0.9% and PCR was 71.1%.^[3]
Credit cost was 1.8% in Q1 FY27, compared with 2.0% in Q4 FY26 and 3.3% in Q3 FY26. EEB credit cost was 3.3% in Q1 FY27.^[3]
Gross slippages were ₹1,079 crores in Q1 FY27. EEB slippages were ₹604 crores, down from ₹690 crores in Q4 FY26.^[3]
ROA was 1.0% and ROE 7.7% in Q1 FY27, compared with 0.6% and 5% for FY26.^[3]
The cost-to-income ratio was 61.5% in Q1 FY27. Opex-to-assets was 4.3%, against a guidance target of 4.2%.^[3]

Distribution and customers

As of March 31, 2025, the bank had 6,309 banking outlets in 35 States and Union Territories: 34% rural, 37% semi-urban, 18% urban and 11% metro.^[2]
The bank had 75,032 employees across 6,351 banking outlets and offices as of March 31, 2025.^[2]
As of FY25, 61.2% of the portfolio was outside the bank's core markets in Eastern India.^[2]
In FY25, over 450 branches offered housing loans and over 300 banking units offered micro-home loans, across 18 states and 3 union territories.^[2]
In FY25, the two-wheeler loan portfolio passed 1,90,000 customers, 90% of them new to the bank.^[2]
Branch sourcing of secured assets rose to over ₹900 crores in Q1 FY27, from about ₹200 crores a month earlier.^[3]
In FY25, over 557 branches were enabled to serve defence pensioners through SPARSH. The Government of Haryana empanelled the bank for state government business.^[2]

Fees and new businesses

Third-party distribution income grew 47% YoY in Q1 FY27, after 34% YoY growth in Q4 FY26.^[3]
Mutual fund AUM under the bank's code was ₹1,422.33 crore in FY25.^[2]
Wholesale banking entered the forex business in Q4 FY26 and is building cash-management and letter of credit products.^[3]
IT costs grew about 65% YoY in Q1 FY27 and were about 8% of total opex, up from 5-6% previously.^[3]

Guidance and targets

FY27 guidance: advances growth of about 14%, with EEB growing 5-10% and non-EEB 20%+.^[3]
In Q1 FY27, ROA guidance was cut to 1.2-1.4% at the Q4 FY27 exit, from 1.6-1.8%.^[3]
FY27 guidance: credit cost of 1.6-1.8% and NIM of about 6.2%.^[3]
PSL cost is targeted to fall about 50% in FY27 from FY26 levels. The PSL-qualifying share of the EEB book was about 40% in Q4 FY26, against a 60-65% target.^[4]

Recent developments

On 28 Sep 2026, CRISIL reaffirmed the bank's NCDs at AA- (stable) and its CDs at A1+. The rated NCD amount was revised to ₹230 crores from ₹1,295 crores.^[5]
In Q3 FY26, the bank sold ₹3,165 crores of NPAs to ARCs. GNPA fell to 3.3% from 5.0% quarter on quarter.^[6]
As of Q3 FY26, 57 GRUH housing centres had been converted into full branches following a housing underwriting overhaul.^[6]
Partha Pratim Sengupta became MD & CEO on November 1, 2024 and leads the Bandhan 2.0 transformation.^[2]

Market Cap

₹24,401 Cr

High / Low

₹221 / 134

Stock P/E

18.0

Price / Book

0.9

Book Value

₹149

EPS

₹7.6

No. of Shares

161.1 Cr

ROE

4.9%

Sales

₹21,689 Cr

Net Profit

₹1,224 Cr

Promoter holding

37.0%

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Bandhan Bank Ltd(BANDHANBNK)

About

Business segments

Loan book mix

Deposits and capital

Key operating numbers

Distribution and customers

Fees and new businesses

Guidance and targets

Recent developments

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