BANDHANBNK
Bandhan Bank share price & financials
- Price
- ₹208.09
- Market cap
- ₹27.3k Cr
- Sector
- Financial Services
- Calls analysed
- 9
Bandhan Bank Limited Q1 FY27
What went well
- Gross advances stood at INR 1.56 lakh crores, registering a healthy 16% YoY growth and 1% sequential increase.
- Profit after tax came in at INR 502 crores, representing a strong 35% YoY growth.
- CASA balances rose to INR 48,479 crores, delivering a healthy 16% YoY growth, and CASA ratio improved sequentially to 29.4%.
What to watch
- ROA guidance revised downwards to 1.2-1.4% by Q4FY27 (from 1.6-1.8%) due to external factors like the Middle East war, unpredictable monsoon, elevated funding costs, and rising technology costs.
- Operating expenses increased 19% YoY to INR 2,166 crores, largely due to IT costs and annual employee-related expenses, including a one-time INR 61 crores gratuity provision.
What Bandhan Bank Limited does
Bandhan Bank is a scheduled commercial (universal) bank headquartered in Kolkata that lends through four business lines: Emerging Entrepreneurs Business (EEB), an East-India-centric group-loan and small-business/agri-loan micro-banking book; housing finance; retail banking; and wholesale/corporate banking. It funds this lending book through a deposit franchise built on savings, current and term accounts gathered across its branch and banking-outlet network. Its outlet network is concentrated in East and North-East India but has been expanding into Central, Northern, Southern and Western India to diversify beyond its home markets.
Segments
- Emerging Entrepreneurs Business (EEB)
- Housing Finance
- Retail Banking
- Wholesale Banking
- Total customers
- 32.5 million
- Total banking outlets (branches + banking units incl. HF centres)
- 6,367
- Branches
- 1,831
- Banking units (incl. HF centres)
- 4,536
- States and Union Territories covered
- 35
- ATMs
- 438
Guidance record · Q1 FY27
what the last two calls moved 26 tracked 1 delivered 6 missed 19 open- Secured Loan Mix delivered said Q3 FY25 Promised: 55%+ by FY27 Q1 FY27: Remains achieved with secured mix at 57% of total advances.
- Net Interest Margin (NIM) missed said Q1 FY25 Promised: 7% to 7.5% for FY25 Q1 FY27: Promise concluded. Target for FY25 was missed.
- Return on Assets (RoA) at risk said Q3 FY25 Promised: ~2% in the Medium Term Q1 FY27: RoA at 1.0% and long-term guidance revised down to 1.2-1.4% makes the original ~2% target highly improbable.
All 26 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 2.8%, net profit up 34.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,500 | 5,479 | 5,434 | 5,476 | 5,354 −3% | 5,431 −1% | 5,428 −0% | 5,631 +3% |
| Net profit | 937 | 426 | 318 | 372 | 112 −88% | 206 −52% | 534 +68% | 502 +35% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +5.8% 1Y
1Y: ₹166.8 on 10 Sept 2025 → ₹176.52. High ₹216.74 (16 Jun 2026), low ₹135.47 (8 Dec 2025).
How the price took the results
close before → close after
- Q1 FY27
- −1.2%
- 21 Jul
- Q4 FY26
- −0.2%
- 5 May
- Q3 FY26
- +3.2%
- 22 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 10.9% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹15.9k Cr | ₹18.9k Cr | ₹21.9k Cr | ₹21.7k Cr |
| Interest | ₹6.6k Cr | ₹8.6k Cr | ₹10.4k Cr | ₹10.9k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹2.2k Cr | ₹2.2k Cr | ₹2.7k Cr | ₹1.2k Cr |
| Net margin | 13.8% | 11.8% | 12.5% | 5.6% |
| ROE | 12.0% | 11.0% | 12.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1.6k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.6k Cr |
| Reserves | ₹15.8k Cr | ₹15.8k Cr | ₹18.0k Cr | ₹20.0k Cr | ₹23.0k Cr | ₹24.0k Cr |
| Borrowings | ₹17.0k Cr | ₹19.9k Cr | ₹24.7k Cr | ₹16.4k Cr | — | ₹14.3k Cr |
| Deposits | ₹78.0k Cr | ₹96.3k Cr | ₹108.1k Cr | ₹135.2k Cr | — | ₹166.3k Cr |
| Other liabilities | ₹2.7k Cr | ₹5.2k Cr | ₹3.7k Cr | ₹4.7k Cr | ₹4.2k Cr | ₹4.9k Cr |
| Total liabilities | ₹115.0k Cr | ₹138.9k Cr | ₹156.0k Cr | ₹177.8k Cr | ₹195.0k Cr | ₹211.1k Cr |
| Fixed assets | ₹432 Cr | ₹415 Cr | ₹509 Cr | ₹959 Cr | ₹1.2k Cr | ₹931 Cr |
| Capital work in progress | ₹55 Cr | ₹173 Cr | ₹346 Cr | ₹214 Cr | ₹0 Cr | ₹470 Cr |
| Investments | ₹25.2k Cr | ₹29.1k Cr | ₹32.4k Cr | ₹29.3k Cr | ₹45.7k Cr | ₹38.7k Cr |
| Other assets | ₹89.4k Cr | ₹109.2k Cr | ₹122.8k Cr | ₹147.4k Cr | ₹148.1k Cr | ₹171.1k Cr |
| Total assets | ₹115.0k Cr | ₹138.9k Cr | ₹156.0k Cr | ₹177.8k Cr | ₹195.0k Cr | ₹211.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +10.95 pp while FIIs trimmed −5.70 pp. The shareholder count shrank 16% to 6,64,000.
- Promoters
- 37.5%
- FIIs
- 18.6%
- DIIs
- 27.5%
- Government
- 0.1%
- Public
- 16.3%
Since Jun 2025
- DIIs +10.95 pp
- FIIs −5.70 pp
- Promoters −3.38 pp
How it drifted, 12 quarters
Over this window FIIs fell from 32.8% to 18.6% — −14.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 40.0%, FIIs 32.8%, DIIs 17.4%, Government 0.1%, Public 9.7%.Dec '23: Promoters 40.0%, FIIs 34.8%, DIIs 14.8%, Government 0.1%, Public 10.4%.Mar '24: Promoters 40.0%, FIIs 31.2%, DIIs 12.4%, Government 0.1%, Public 16.3%.Jun '24: Promoters 40.0%, FIIs 28.3%, DIIs 15.1%, Government 0.1%, Public 16.6%.Sep '24: Promoters 40.0%, FIIs 26.7%, DIIs 16.3%, Government 0.1%, Public 16.9%.Dec '24: Promoters 40.0%, FIIs 23.2%, DIIs 15.4%, Government 0.1%, Public 21.3%.Mar '25: Promoters 40.0%, FIIs 22.7%, DIIs 16.4%, Government 0.1%, Public 20.9%.Jun '25: Promoters 40.9%, FIIs 24.3%, DIIs 16.5%, Government 0.1%, Public 18.1%.Sep '25: Promoters 40.3%, FIIs 23.4%, DIIs 17.8%, Government 0.1%, Public 18.4%.Dec '25: Promoters 39.7%, FIIs 22.3%, DIIs 18.8%, Government 0.1%, Public 19.1%.Mar '26: Promoters 39.0%, FIIs 22.1%, DIIs 22.3%, Government 0.1%, Public 16.6%.Jun '26: Promoters 37.5%, FIIs 18.6%, DIIs 27.5%, Government 0.1%, Public 16.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- ICICI Prudential Equity Arbitrage Fund Mutual fund newly disclosed 1.72% held
- SBI Balanced Advantage Fund Mutual fund +1.23 pp 5.49% held
- Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund +0.26 pp 3.38% held
- Novus Global Horizon Private Limited newly disclosed 0.00% held
- Selimbong Tea Co Private Limited newly disclosed 0.00% held
- Bandhan Technologies Ltd. (Uk) newly disclosed 0.00% held
- Bandhan Technologies Inc (Usa) newly disclosed 0.00% held
The same filing shows 5 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bandhan Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bandhan Financial Holdings Limited | 37.53% | −1.33 pp |
| SBI Balanced Advantage Fund Mutual fund | 5.49% | +1.23 pp |
| Life Insurance Corporation Of India Insurer | 3.69% | unchanged |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund | 3.38% | +0.26 pp |
| Government Pension Fund Global Sovereign | 1.84% | −0.11 pp |
| ICICI Prudential Equity Arbitrage Fund Mutual fund | 1.72% | newly disclosed |
| HDFC Large And Mid Cap Fund Mutual fund | 1.61% | unchanged |
| Vontobel Fund - Mtx Sustainable Emerging Markets Leaders FPI fund | 1.60% | unchanged |
| Mfs Emerging Markets Equity Fund FPI fund | 1.33% | −0.10 pp |
| Pi Opportunities AIF V Llp AIF | 1.17% | unchanged |
| Blackrock Strategic Funds - Blackrock Emerging Markets Equity Strategies Fund Global fund house | 1.02% | −0.25 pp |
| BANDHAN MUTUAL FUND (Trustee: Bandhan Mutual Fund Trustee Limited) | 0.00% | −0.13 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in BANDHANBNK
Filings to Aug 2026
1 new, 9 added, 2 trimmed, 0 sold out — net +200.93 L shares (+14.0%).
- Held by funds
- ₹2.7k Cr
- 19 schemes
- Biggest holder
- SBI Contra Fund
- ₹626 Cr · 1.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹626 Cr | held | May '25 |
| SBI Balanced Advantage Fund SBI Mutual Fund | ₹546 Cr | held | Sep '24 |
| SBI Multi Asset Allocation Fund SBI Mutual Fund | ₹335 Cr | held | Sep '24 |
| SBI Flexicap Fund SBI Mutual Fund | ₹208 Cr | held | Apr '26 |
| SBI ELSS Tax Saver Fund SBI Mutual Fund | ₹196 Cr | +80.07 L | Jul '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹161 Cr | held | Jan '24 |
| SBI Banking And Financial Services Fund SBI Mutual Fund | ₹147 Cr | +79.20 L | Jul '26 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹144 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
9 added, 2 trimmed — net +2.01 cr shares (+14.0%)
- Funds are sitting on
- +17%
- vs est. average cost
- Held by funds
- ₹2.7k Cr
- 19 schemes · ≈ 13% of the company
- Biggest holder
- SBI Contra Fund
- ₹626 Cr · 1.3% of that fund
- Longest holder
- SBI Nifty Private Bank ETF
- 5y 1m · since Aug '21
Shares held by these funds +307%
Aug '23 14.83 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Bandhan Bank Limited
Guides on how to read this kind of business and the numbers that matter.