# Bandhan Bank (BANDHANBNK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bandhanbnk

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹165
- Change: +2.01%
- As of: 2026-11-06
- 1D return: +2.01%
- 5D return: +6.91%
- 1M return: +6.08%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BANDHANBNK closed at ₹165.0 on 2026-11-06, marking a +2.0% daily gain following an upward gap on 2026-11-05. The technical setup is characterized by a conflict between short-term price action and longer-term trend structure. On the daily chart, price has reclaimed the 20-period EMA and SMA but remains below the 50-period and 200-period moving averages, with the Supertrend still signaling bearish. This positioning places the stock in the upper-middle of its 20-day range (+69.5%) but only in the lower-middle of its 252-day range (+35.5%). Trend strength is weak on the daily (ADX 16.41) and weekly (ADX 16.51) timeframes, suggesting limited conviction despite the recent bounce. Conversely, the monthly trend remains established and bullish (ADX 28.08), indicating that the current move may be a corrective rally within a broader downtrend or a consolidation phase. Volatility is elevated at 39.3% annualized, and the stock is currently -23.9% from its available high. Immediate resistance lies at ₹166.14 (0.69% above), while support is clustered near ₹164.77 (0.14% below).

- Trend Conflict: Daily price is above short-term EMAs/SMAs but below long-term averages and Supertrend; Monthly trend remains bullish.
- Momentum & Strength: Daily ADX is weak at 16.41, indicating low trend conviction despite a +2.0% daily close and recent upward gap anomaly.
- Key Levels: Resistance at ₹166.14 (0.69% up); Support at ₹164.77 (0.14% down) and ₹163.29 (1.04% down).
- Risk Profile: Annualized volatility stands at 39.3%; stock is -23.9% from its available high, with maximum drawdown recorded at -30.8%.

- Doji
- Bullish Engulfing Reversal

### News Context

In the seven-day window ending 6 November 2026, Bandhan Bank’s operational performance and broader banking sector dynamics were highlighted by external reports. On 6 November, media coverage noted that Bandhan Bank reported portfolio declines during the second quarter of FY27, contrasting with growth seen at peers like IndusInd Bank and L&T Finance. This contraction was attributed to rural stress driven by El Nino-induced droughts, inflation, and fuel costs, which raised concerns about rural borrowers’ repayment capacity despite improved collection discipline.

On 3 November, Jefferies provided a sector-wide valuation perspective, noting a narrowing premium for Indian banks over global peers due to strong asset quality and consistent performance from major lenders in FY26. While Jefferies did not explicitly single out Bandhan Bank in this valuation commentary, it forecasted 16% sector-wide deposit growth for FY27 supported by FCNR-B inflows. The firm also warned that upcoming ECL-based provisioning and wage settlements may increase costs, though an expected repo rate hike could offset these pressures. These developments underscore the tension between specific rural credit headwinds affecting Bandhan Bank and broader macroeconomic factors influencing the entire banking sector.

- Bandhan Bank reported portfolio declines in Q2 FY27, diverging from growth at peers IndusInd Bank and L&T Finance, amid rural stress linked to El Nino-induced droughts and inflation (reported 6 Nov 2026).
- Jefferies identified a narrowing valuation premium for Indian banks over global peers, citing strong asset quality and consistent performance from ICICI Bank and SBI in FY26 (reported 3 Nov 2026).
- Jefferies forecasted 16% sector-wide deposit growth for FY27, supported by FCNR-B inflows, while warning that ECL-based provisioning and wage settlements may increase costs (reported 3 Nov 2026).

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)

### What Changed

As of November 6, 2026, Bandhan Bank’s share price closed at ₹165.00, reflecting an increase from the previous recorded level of ₹157.86. This price movement coincides with broader sectoral caution reported during the second quarter of FY27. News analysis indicates that microfinance lenders are exercising prudence due to rural stress, specifically citing El Niño-induced droughts, inflation, and rising fuel costs as factors impacting borrower repayment capacity. In this environment, Bandhan Bank reported portfolio declines, contrasting with growth seen by peers such as IndusInd Bank and L&T Finance. The divergence in performance highlights uneven trajectories within the sector, driven by concerns over rural borrowers' financial resilience amidst macroeconomic pressures.

- Share price rose to ₹165.00 on November 6, 2026, up from ₹157.86.
- Portfolio declined in Q2 FY27, aligning with sector-wide caution amid rural stress.
- Sector headwinds include El Niño-induced droughts, inflation, and high fuel costs affecting repayment capacity.
- Performance diverged from peers like IndusInd Bank and L&T Finance, which saw growth during the same period.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)

### Official Filings

Bandhan Bank’s Board approved unaudited financial results for Q2 and the half-year ended September 30, 2026, on October 28, 2026. The bank reported a net profit of ₹622 crore for Q2 FY27, a significant increase from ₹112 crore in the corresponding period last year. Gross advances grew 13% year-on-year to ₹1.58 lakh crore, while deposits rose 9% to ₹1.73 lakh crore. Net interest income increased by 14.4% to ₹29.6 billion. On the same day, the Board granted 32,98,871 stock options under Series 1 – Tranche 9 to eligible employees at a grant price of ₹151.91 per option, vesting over four years. Additionally, the bank issued a clarification denying reports of acquisition discussions with First Abu Dhabi Bank, stating such speculation was factually incorrect.

- Q2 FY27 net profit reached ₹622 crore, up from ₹112 crore in Q2 FY26, with gross advances growing 13% YoY to ₹1.58 lakh crore and deposits rising 9% to ₹1.73 lakh crore.
- The Board granted 32,98,871 ESOPs at ₹151.91 per option, vesting in four equal instalments over four years from the grant date of October 28, 2026.
- The bank categorically denied media reports suggesting it was involved in acquisition talks with First Abu Dhabi Bank, labeling the news as factually incorrect.

- [Bandhan Bank Limited has informed the Exchange about Transcript of the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_03112026193648_SE_EarningsCall_Transcript_Q2FY26_03112026_sd.pdf)
- [BANDHAN BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261103_195358384.xml)
- [Bandhan Bank Limited has informed the Exchange about copies of Newspaper Publications with respect to Unaudited Financial Results of the Bank, for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BANDHANBNK_29102026184720_SE_Newspaper_Publication_Q2_UFR_FY27_29102026_sd.pdf)
- [Bandhan Bank Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, along with Press Release. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026160525_SE_Disclosure_BM_Outcome_UFR_PressRelease_281026_sd.pdf)
- [Bandhan Bank Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026161705_SE_Disclosure_Investor_PPT_Q2_28102026_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1748073_28102026063752_WEB.xml)
- [Bandhan Bank Limited has informed the Exchange regarding Grant of 3298871 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026191439_SE_Disclosure_GrantofESOPs_Board_28102026_sd.pdf)
- [Audio Recordings of the Press Conference and the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026201418_SE_Disclosure_Earnings_Call_Audio_Recording_Q2_281026_sd.pdf)
- [BANDHAN BANK LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261028_202715520.xml)
- [Bandhan Bank Limited has informed the Exchange about Rumour Verification - Regulation 30(11) |SUBJECT: Rumour Verification - Regulation 30(11)](https://nsearchives.nseindia.com/corporate/BANDHANBNK_27102026131136_SE_Disclosure_Rumour_clarification_27102026_sd.pdf)

### Fundamentals

Bandhan Bank’s Q2 FY2026-27 results (reported as of November 6, 2026) show a sequential recovery in profitability, with net profit rising to ₹622 crore from ₹502 crore in Q1. Revenue growth turned positive at 7% YoY, driven by higher interest earned (₹5,754 crore). However, earnings quality remains under pressure: the financing margin is negative (-1.0% TTM), and interest expended continues to rise (₹2,793 crore in Q2). The bank’s balance sheet shows deposits growing to ₹172,688 crore by September 2026, while borrowing decreased to ₹10,008 crore. Despite this, return on equity has declined significantly to 5% for the year ended March 2026, down from 12% the prior year. Asset quality metrics are stable, with gross NPA percentage unchanged at 0.03%. Institutional ownership shifted notably, with DIIs increasing their stake to 29.27% while promoters reduced theirs to 37.0%.

Key Points:
- Net profit improved sequentially to ₹622 crore in Q2 FY2026-27, supported by 7% YoY revenue growth.
- Financing margin remains negative (-1.0% TTM), indicating persistent pressure on lending spreads despite higher interest income.
- Return on equity fell to 5% for FY2026, reflecting lower profitability relative to capital base compared to historical levels.
- Deposit growth continued (₹172,688 crore by Sep 2026) while borrowing decreased, improving funding structure; asset quality remains stable at 0.03% gross NPA.

### Bear Case

Bandhan Bank faces near-term headwinds from both operational stress in its core microfinance segment and technical weakness in its equity price. The bank reported portfolio declines in Q2 FY27, reflecting broader rural stress driven by El Niño-induced droughts, inflation, and fuel costs, which have constrained borrower repayment capacity. This operational caution coincides with a deteriorating technical setup on daily and weekly timeframes, where the Supertrend indicator is bearish and key moving averages (20-day EMA and SMA) show negative slopes. The stock has experienced a significant maximum drawdown of -30.8% and currently trades 23.9% below its recent peak. While monthly trends remain bullish, the immediate pressure is evident in the stock's inability to sustainably break above resistance levels, with the nearest resistance at ₹166.14 just 0.69% above the closing price of ₹165.00.

- Portfolio contraction in Q2 FY27 due to rural borrower stress from droughts and inflation.
- Bearish daily and weekly technical trends with negative slope indicators for 20-day EMA and SMA.
- Significant underperformance with a current drawdown of -23.9% and maximum drawdown of -30.8%.
- Immediate resistance at ₹166.14 (0.69% above close), limiting short-term upside momentum.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- [Bandhan Bank Limited has informed the Exchange about Transcript of the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_03112026193648_SE_EarningsCall_Transcript_Q2FY26_03112026_sd.pdf)
- [BANDHAN BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261103_195358384.xml)
- [Bandhan Bank Limited has informed the Exchange about copies of Newspaper Publications with respect to Unaudited Financial Results of the Bank, for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BANDHANBNK_29102026184720_SE_Newspaper_Publication_Q2_UFR_FY27_29102026_sd.pdf)
- [Bandhan Bank Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, along with Press Release. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026160525_SE_Disclosure_BM_Outcome_UFR_PressRelease_281026_sd.pdf)
- [Bandhan Bank Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026161705_SE_Disclosure_Investor_PPT_Q2_28102026_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1748073_28102026063752_WEB.xml)
- [Bandhan Bank Limited has informed the Exchange regarding Grant of 3298871 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026191439_SE_Disclosure_GrantofESOPs_Board_28102026_sd.pdf)
- [Audio Recordings of the Press Conference and the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026201418_SE_Disclosure_Earnings_Call_Audio_Recording_Q2_281026_sd.pdf)

### FAQs

**How did Bandhan Bank perform financially in Q2 FY27?**

For the quarter ended September 30, 2026, Bandhan Bank reported a net profit of ₹622 crore, up 455.7% year-on-year from ₹112 crore in Q2 FY26. Net interest income rose 14.4% to ₹29.6 billion, while gross advances grew 13.1% to ₹1,583.7 billion and deposits increased 9.2% to ₹1,726.9 billion.

**What are the key operational metrics and capital ratios for the bank?**

As of September 30, 2026, the bank maintained a Capital Adequacy Ratio (CRAR) of 18.3% and a CASA ratio of 26.7%. Secured advances constituted 57.3% of the portfolio. The joint statutory auditors’ limited review found no material misstatements, though specific Pillar 3 disclosures like leverage and liquidity coverage ratios were not reviewed.

**How is the stock performing technically as of November 6, 2026?**

The stock closed at ₹165.00 on November 6, 2026, with a market capitalization of approximately ₹26,060 crore. While the monthly trend remains bullish, the daily and weekly trends are bearish. The stock has seen a YTD return of +14.4% but a 6-month decline of -21.0%, with an annualized volatility of +39.3%.

**What sectoral risks are affecting microfinance lenders like Bandhan Bank?**

Microfinance lenders exercised caution in Q2 FY27 due to rural stress caused by El Niño-induced droughts, inflation, and fuel costs, leading to portfolio declines for some peers. Additionally, Jefferies noted that upcoming ECL-based provisioning and wage settlements may increase costs, although an expected repo rate hike could offset these pressures.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- [Bandhan Bank Limited has informed the Exchange about Transcript of the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_03112026193648_SE_EarningsCall_Transcript_Q2FY26_03112026_sd.pdf)
- [BANDHAN BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261103_195358384.xml)
- [Bandhan Bank Limited has informed the Exchange about copies of Newspaper Publications with respect to Unaudited Financial Results of the Bank, for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BANDHANBNK_29102026184720_SE_Newspaper_Publication_Q2_UFR_FY27_29102026_sd.pdf)
- [Bandhan Bank Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, along with Press Release. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026160525_SE_Disclosure_BM_Outcome_UFR_PressRelease_281026_sd.pdf)
- [Bandhan Bank Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026161705_SE_Disclosure_Investor_PPT_Q2_28102026_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1748073_28102026063752_WEB.xml)
- [Bandhan Bank Limited has informed the Exchange regarding Grant of 3298871 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026191439_SE_Disclosure_GrantofESOPs_Board_28102026_sd.pdf)
- [Audio Recordings of the Press Conference and the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026201418_SE_Disclosure_Earnings_Call_Audio_Recording_Q2_281026_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹161.89
- Risk regime: Price Risk Requires Attention

### Support levels
- 163.289375
- 160.04000000000002
- 153.865

### Resistance levels
- 170.858828125
- 175.21650390625
- 177.86

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.01% |
| return_10 | +10.08% |
| return_1m | +0.52% |
| return_1y | +7.89% |
| return_20 | +6.08% |
| return_3m | -5.53% |
| return_5 | +6.91% |
| return_6m | -21.01% |
| return_since_start | +3.17% |
| return_ytd | +14.44% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -30.84% |
| annualized_volatility | +39.34% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Bandhan Bank Limited FY2026-27 Q2: Net profit rises 24% sequentially

Bandhan Bank reported standalone net profit of ₹622 crore for the quarter ended 30 September 2026, up 24% from Q1 FY2026-27 and more than fivefold from Q2 FY2025-26. Operating profit before provisions increased 15% sequentially, while provisions rose modestly; gross and net NPA ratios continued to decline.

## Operating profit increased as income grew

Total income rose 3.6% quarter on quarter to ₹6,458 crore and was 9.5% higher than in Q2 FY2025-26. Interest earned increased 2.2% sequentially to ₹5,754 crore, while other income rose 16.7% to ₹705 crore.

Operating expenses declined 2.6% from Q1 to ₹2,109 crore. Employee costs fell 4.1% to ₹1,302 crore, while other operating expenses were broadly unchanged at ₹807 crore. Operating profit before provisions and contingencies increased 14.6% sequentially to ₹1,556 crore, up 18.8% year on year.

## Higher provisions and tax alongside stronger profit

Provisions and contingencies rose 5.1% quarter on quarter to ₹718 crore, but were 37.7% lower than in Q2 FY2025-26. Profit before tax increased 24.2% from Q1 to ₹839 crore. Tax expense was ₹217 crore, compared with ₹174 crore in Q1, and net profit reached ₹622 crore, versus ₹502 crore in the previous quarter. Diluted EPS rose to ₹3.86 from ₹3.11.

## Interest costs and investment income

Interest expended increased 3.1% sequentially to ₹2,793 crore. Interest earned on advances was ₹4,993 crore; other interest income was ₹116 crore, compared with ₹60 crore in Q1. Revenue from investments eased 2.1% to ₹597 crore from ₹610 crore.

## NPA ratios declined despite a small sequential increase in balances

Gross NPAs increased 0.8% from 30 June to ₹4,919 crore, and net NPAs rose 0.3% to ₹1,417 crore. However, the gross NPA ratio declined to 3.11% from 3.15%, and the net NPA ratio fell to 0.92% from 0.93%. Both ratios were also below their year-earlier levels: 5.02% for gross NPAs and 1.37% for net NPAs in Q2 FY2025-26.

## Advances, deposits and capital

At 30 September 2026, advances stood at ₹1,54,600 crore, up from ₹1,50,104 crore at 31 March 2026. Deposits increased to ₹1,72,688 crore from ₹1,66,344 crore over the same period. Borrowings were ₹10,008 crore, compared with ₹14,303 crore at March-end, while investments declined to ₹36,083 crore from ₹38,668 crore.

The CET1 ratio was 18.32% at 30 September, compared with 18.15% at 30 June 2026.

## Key Takeaway

Sequential earnings growth reflected higher operating profit, which more than offset the increase in provisions and tax expense. NPA ratios continued to improve and CET1 edged higher, while advances and deposits expanded between March and September; these developments provide positive operating and balance-sheet context for the quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +37.00%
- FII holding: +16.57%
- DII holding: +29.27%
- Mutual fund holding: +22.13%
- Retail holding: +9.14%
- Promoter pledged: +0.00%

### Major reported shareholders

- BANDHAN FINANCIAL HOLDINGS LIMITED — +36.99% (Bodies Corporate)
- SBI CONTRA FUND — +8.15%
- LIFE INSURANCE CORPORATION OF INDIA — +3.69%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C — +2.66%
- HDFC LARGE AND MID CAP FUND — +1.99%
- ICICI PRUDENTIAL EQUITY ARBITRAGE FUND — +1.73%
- GOVERNMENT PENSION FUND GLOBAL — +1.71%
- VONTOBEL FUND - MTX SUSTAINABLE EMERGING MARKETS LEADERS — +1.55%
- MFS EMERGING MARKETS EQUITY FUND — +1.31%
- PI OPPORTUNITIES AIF V LLP — +1.17%

## Official filings

- 2026-11-03 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_03112026193648_SE_EarningsCall_Transcript_Q2FY26_03112026_sd.pdf)
- 2026-11-03 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261103_195358384.xml)
- 2026-10-29 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_29102026184720_SE_Newspaper_Publication_Q2_UFR_FY27_29102026_sd.pdf)
- 2026-10-28 — Press Release: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026160525_SE_Disclosure_BM_Outcome_UFR_PressRelease_281026_sd.pdf)
- 2026-10-28 — Earnings Presentation: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026161705_SE_Disclosure_Investor_PPT_Q2_28102026_sd.pdf)
- 2026-10-28 — Financial Results Filing: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1748073_28102026063752_WEB.xml)
- 2026-10-28 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026191439_SE_Disclosure_GrantofESOPs_Board_28102026_sd.pdf)
- 2026-10-28 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28102026201418_SE_Disclosure_Earnings_Call_Audio_Recording_Q2_281026_sd.pdf)
- 2026-10-28 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261028_202715520.xml)
- 2026-10-27 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_27102026131136_SE_Disclosure_Rumour_clarification_27102026_sd.pdf)
- 2026-10-16 — Shareholding Disclosure: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739681_16102026012227_WEB.xml)
- 2026-10-16 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_16102026182527_SE_EarningsCall_Details_16102026_sd.pdf)
- 2026-10-16 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15994_WebXMLFile_20261016_183257081.xml)
- 2026-10-15 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_15102026144757_SE_Disclosure_GrantofESOPs_15102026_sd.pdf)
- 2026-10-15 — Board Meeting Notice: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_15102026170340_SE_BM_Prior_Intimation_Q2_Results_15102026_sd.pdf)
- 2026-10-15 — Board Meeting Notice: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15994_WebXMLFile_20261015_172912448.xml)
- 2026-10-15 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15994_WebXMLFile_20261015_172912448.xml)
- 2026-10-13 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-10-13 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_13102026131918_SE_Disclosure_Rumour_Verification_13102026_sd.pdf)
- 2026-10-08 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_08102026151830_Certificate_Reg_74_5_08102026.pdf)
- 2026-10-08 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_08102026153500_SE_IntimationESOPAllotmentOct2026.pdf)
- 2026-10-08 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15994_WebXMLFile_20261008_154206615.xml)
- 2026-10-03 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_03102026194845_Bandhan_Bank_Initial_Disclosure_30092026_sd.pdf)
- 2026-10-01 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_01102026182221_SE_Disclosure_Special_window_01102026_sd.pdf)
- 2026-09-28 — Generic Announcement: Bandhan Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BANDHANBNK_28092026183823_SE_Disclosure_Investors_Conference_Outcome_28092026_sd.pdf)

## News and market events

- 2026-11-06 — Economic Times: **Microfinance lenders tread cautiously amid rural stress** — Microfinance lenders exercised caution during the second quarter of FY27, with Bandhan Bank and CreditAccess Grameen reporting portfolio declines while IndusInd Bank and L&T Finance saw growth. This uneven trajectory reflects concerns over rural borrowers' repayment capacity amid El Nino-induced droughts, inflation, and fuel costs. Sector growth estimates varied between credit information companies, highlighting inconsistencies in data despite improved collection discipline. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- 2026-11-03 — BUSINESSTODAY: **SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets** — Jefferies identified a narrowing valuation premium for Indian banks over global peers, citing strong asset quality and consistent performance from ICICI Bank and SBI in FY26. The investment bank highlighted diverging retail deposit franchises and a shift toward tech investments, while forecasting 16% sector-wide deposit growth for FY27 supported by FCNR-B inflows. Jefferies also noted that upcoming ECL-based provisioning and wage settlements may increase costs, though an expected repo rate hike could offset these pressures. — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- 2026-10-29 — MONEYCONTROL: **Neutral Bandhan Bank; target of Rs 175: Motilal Oswal** — Motilal Oswal has issued a neutral rating for Bandhan Bank with a price target of Rs 175. This analyst recommendation serves as a market signal regarding the stock's valuation and outlook. — [Source](https://www.moneycontrol.com/news/business/neutral-bandhan-bank-target-of-rs-175-motilal-oswal-14063394.html)
- 2026-10-29 — BUSINESSTODAY: **Bandhan Bank stock gets upgrade from Nuvama, Jefferies trims price target post Q2 earnings** — Brokerages maintained or upgraded their ‘BUY’ ratings on Bandhan Bank after its September-quarter results, citing steady operating performance, stabilising asset quality and attractive valuations following the correction in the stock. — [Source](https://www.businesstoday.in/markets/stocks/story/bandhan-bank-stock-gets-upgrade-from-nuvama-jefferies-trims-target-post-q2-earnings-564456-2026-10-29)
- 2026-10-29 — News18: **Bandhan Bank Eyes Wholesale Banking, Credit Cards To Cushion Rs 200-Crore Insurance Income Hit** — Bandhan Bank is exploring changes to its product portfolio and distribution strategy to cushion the potential impact of the proposed commission structure, says its CEO. — [Source](https://www.news18.com/business/banking-finance/bandhan-bank-eyes-wholesale-banking-credit-cards-to-cushion-rs-200-crore-insurance-income-hit-10402514.html)
- 2026-10-29 — MONEYCONTROL: **Bandhan Bank shares gain 1.5% after Q2 profit jumps over five-fold; Nomura cuts target, CLSA lowers price view** — Bandhan Bank shares gain 1.5% after Q2 profit jumps over five-fold; Nomura cuts target, CLSA lowers price view Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price — [Source](https://www.moneycontrol.com/news/business/stocks/bandhan-bank-shares-gain-1-5-after-q2-profit-jumps-over-five-fold-nomura-cuts-target-clsa-lowers-price-view-14063164.html)
- 2026-10-29 — MONEYCONTROL: **Bandhan Bank to diversify fee income avenues to mitigate insurance income hit** — Bandhan Bank to diversify fee income avenues to mitigate insurance income hit Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance — [Source](https://www.moneycontrol.com/news/business/banks/bandhan-bank-to-diversify-fee-income-avenues-to-mitigate-insurance-income-hit-14062845.html)
- 2026-10-29 — Mint: **Top stocks to watch today: Jio Platforms, IndiGo, Coal India, Meesho shares in focus on Thursday, 29 Oct | Full list** — Top stocks to watch today: Jio Platforms, Coal India, IndiGo, Trent, Meesho, Hero Motocorp among shares in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-jio-platforms-indigo-coal-india-meesho-shares-in-focus-on-thursday-29-oct-full-list-11793236670600.html)
- 2026-10-29 — Economic Times: **Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon Energy** — Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-jio-platforms-ril-hero-motocorp-meesho-tvs-motor-vedanta-aluminium-and-suzlon-energy/articleshow/135273790.cms)
- 2026-10-29 — CNBC-TV18: **Bandhan Bank shres in focus after strong Q2 profit and better operating efficacy — Here are the key monitorables** — Bandhan Bank's management, in its post-earnings conference call, maintained its loan growth guidance for the financial year 2027 at 14%. It expects return on assets to be 1.2% to 1.4% by the fourth quarter and its -term target is 1.6% to 1.8%. — [Source](https://www.cnbctv18.com/market/bandhan-bank-share-price-q2-results-profit-nim-nii-asset-quality-npa-slippages-provisions-fy27-guidance-20021948.htm)
- 2026-10-29 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty aims to sustain recovery amidst earnings deluge; Oil remains elevated** — Sensex Today | Stock Market Live Updates: For the last five sessions, the Nifty has been attempting to cross and sustain above 22,800, but has failed to do so. The Nifty Bank, after slipping below 54,000, managed to stage a recovery and close above that mark. 54,500 on the upside remains the key level to cross — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-expiry-today-nifty-midcaps-smallcaps-ril-hdfc-bank-it-stocks-hero-bandhan-suzlon-meesho-pidilite-share-price-liveblog-20021935.htm)
- 2026-10-28 — MONEYCONTROL: **Bandhan Bank Q2 net profit surges five-fold to Rs 622 crore** — Bandhan Bank Q2 net profit surges five-fold to Rs 622 crore Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up — [Source](https://www.moneycontrol.com/news/business/banks/bandhan-bank-q2-net-profit-surges-five-fold-to-rs-622-crore-14062790.html)
- 2026-10-28 — The Hindu: **Bandhan Bank Q2 net jumps over 5-fold at ₹6,21.75 crore, NII grows 14.38%** — On a quarter-on-quarter basis, the bank’s net profit grew close to 24% during the period under review from ₹5,01.67 crore in the first quarter of FY27 — [Source](https://www.thehindubusinessline.com/money-and-banking/bandhan-bank-q2-net-jumps-over-5-fold-at-62175-crore-nii-grows-1438/article71636588.ece)
- 2026-10-28 — CNBC-TV18: **Stocks to Watch for October 29: Jio Platforms, JSW Energy, United Spirits, PNB Housing Fin and more** — From Meesho reporting a 23% year-on-year rise in net merchandise value (NMV) to TVS Holdings posting a 43.3% increase in net profit to ₹635 crore for the September quarter, here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-29-jio-platforms-jsw-energy-united-spirits-pnb-housing-fin-and-more-20021684.htm)
- 2026-10-28 — BUSINESSTODAY: **Bandhan Bank Q2 earnings: Net profit rises five times, NPAs fall** — Bandhan Bank Ltd shares rose 3% to the session high on Wednesday after the lender reported a 456% year-on-year (YoY) increase in net profit at Rs 620 crore for the September quarter of FY27. — [Source](https://www.businesstoday.in/markets/stocks/story/bandhan-bank-q2-earnings-net-profit-rises-five-times-npas-fall-564328-2026-10-28)
- 2026-10-27 — Economic Times: **Bandhan Bank denies acquisition talks with First Abu Dhabi Bank** — Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal. — [Source](https://cfo.economictimes.indiatimes.com/news/corporate-finance/bandhan-bank-denies-acquisition-talks-with-first-abu-dhabi-bank/135233242)
- 2026-10-27 — BUSINESSTODAY: **Bandhan Bank shares trim gains as lender denies First Abu Dhabi Bank stake buyout report** — Bandhan Bank Ltd shares fell about 3 per cent and cut its intraday gains on Tuesday after the private lender denied a report suggesting First Abu Dhabi Bank was among First Abu Dhabi Bank's potential target acquisition in India. — [Source](https://www.businesstoday.in/markets/stocks/story/bandhan-bank-shares-trim-gains-as-lender-denies-first-abu-dhabi-bank-stake-buyout-report-563914-2026-10-27)
- 2026-10-27 — Economic Times: **Bandhan Bank denies acquisition talks with First Abu Dhabi Bank** — Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/bandhan-bank-denies-acquisition-talks-with-first-abu-dhabi-bank/articleshow/135228006.cms)
- 2026-10-17 — Economic Times: **IHC, First Abu Dhabi eye stake in Bandhan Bank promoter** — Early investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic interest. BFSL, led by Bandhan founder Chandra Shekhar Ghosh, has been working with advisers Jefferies to find strategic investors for 25-32%. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/ihc-first-abu-dhabi-eye-stake-in-bandhan-bank-promoter-chrys-capital/articleshow/134901875.cms)
- 2026-10-01 — Economic Times: **D-St set for a negative opening as GIFT Nifty signals weak start** — Benchmark indices faced a decline as global uncertainty impacted the market and investor sentiment remained cautious. The Nifty index is under pressure, with 22,600 acting as a significant support level. Foreign portfolio investors recorded a net sale of shares worth Rs 10,148 crore while domestic institutions were net buyers. The rupee settled flat against the US dollar amidst heavy FII outflows. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/134605497.cms)
- 2026-09-29 — Economic Times: **Bandhan Bank promoter to gradually reduce stake to meet RBI norms** — Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/bandhan-bank-promoter-to-gradually-reduce-stake-to-meet-rbi-norms/articleshow/134397291.cms)
- 2026-09-28 — BUSINESSTODAY: **Bandhan Bank shares: 2 reasons why the stock is in focus today** — Bandhan Bank share, Bandhan Bank share price, Bandhan Bank share price today, Bandhan Bank news, Bandhan Bank CFO — [Source](https://www.businesstoday.in/markets/stocks/story/bandhan-bank-shares-2-reasons-why-the-stock-is-in-focus-today-558111-2026-09-28)
- 2026-09-27 — MONEYCONTROL: **Broader markets underperform, extend losing streak to third week** — Midcap,Smallcap,Broader indices,Market this week,midcap this week,smallcap this week — [Source](https://www.moneycontrol.com/news/business/markets/broader-markets-underperform-extend-losing-streak-to-third-week-14039106.html)
- 2026-09-25 — MONEYCONTROL: **Senior citizen FD rates: Small finance banks offer up to 8.50%; check rates across banks** — senior citizen FD rates, fixed deposit interest rates for senior citizens, highest FD interest rates for senior citizens, small finance bank FD rates, private bank senior citizen FD rates, public sector bank FD rates, foreign bank FD interest rates — [Source](https://www.moneycontrol.com/news/business/personal-finance/senior-citizen-fd-rates-small-finance-banks-offer-up-to-8-50-check-rates-across-banks-14038165.html)
- 2026-09-25 — CNBC-TV18: **Power shifts from brokers to insurers as IRDAI tightens commission rules, says Motilal Oswal's Nitin Aggarwal** — IRDAI's proposed cuts to insurance commissions triggered a selloff in insurer, bank and distributor stocks. Motilal Oswal's Nitin Aggarwal expects PB Fintech's FY28 revenue to fall 30% and earnings 40-50%, keeping a Neutral rating with a 50x multiple. Which banks and insurers face the smallest hit? — [Source](https://www.cnbctv18.com/market/power-shifts-brokers-insurers-irdai-tightens-commission-rules-motilal-oswal-nitin-aggarwal-hdfc-axis-bandhan-indusind-idfc-first-bank-pb-fintech-19998321.htm)

## Business profile

**Strategic vision:** Provides inclusive banking and financial services across India.

### Business segments
- **Personal Banking:** Offers loans, savings accounts, fixed deposits, recurring deposits, mutual funds, debit cards, money transfers, bill payments, recharge, and credit cards, along with doorstep and mobile banking.
- **Business Banking:** Provides loans to small, medium, and large enterprises, alongside transaction banking, corporate salary accounts, corporate internet banking, institutional accounts, money transfer, and payment solutions.
- **Insurance Services:** Offers life insurance and car insurance products.
- **Asset Management:** Provides portfolio management services and investment management services to Alternative Investment Funds through its asset management company.
- **Technology Solutions:** Focuses on AI-led tech solutions, IT and digital transformation, outsourcing, and customer experience platforms.

### Competitive strengths
- Extensive operating presence across India, reaching 35 out of 36 states and union territories.
- Focus on providing last-mile banking services to unbanked and under-banked populations.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bandhanbnk
Markdown representation: https://faxioms.com/stocks/bandhanbnk?render=md