Bandhan Bank’s CEO says the lender’s balance sheet is “repaired” and recovery is underway. NIMs have stabilized as funding costs ease, while slippages have reduced and asset quality has improved sharply. With credit costs trending down, the bank is targeting 15% credit growth and about 1.5% ROA for FY27, balancing growth with caution.
Bandhan Bank shares jumped more than 12% on Wednesday, rallying to an intraday high near Rs 200.89 and reclaiming the Rs 200 psychological level. The move followed strong March-quarter performance, including improved asset quality and credit growth, as the lender beat market expectations on net interest income and profitability—sparking a bullish short-covering surge.
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Bandhan Bank posted a 68% year on year jump in Q4 profit to Rs 530 crore, largely due to sharply lower provisions and improved asset quality. However, net interest income rose only about 1% and margins remained under pressure. Still, sequential improvement and a healthier loan mix point to a turnaround, even as the full-year picture was weaker.
The Reserve Bank of India has approved Debasish Panda’s appointment as part-time chairman of Bandhan Bank for three years. A former IAS officer and ex-chairman of IRDAI, Panda previously served as Secretary of the Department of Financial Services. He will replace Anup Kumar Sinha as the bank’s next chairman following the RBI nod.
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