BANDHANBNK · NSE · Private Sector Bank
Bandhan Bank Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 18.7 vs peers 12.0 (11th of 14); P/B 0.90 vs peers 1.1 (4th of 13).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Bandhan Bank's share price today?
Bandhan Bank last traded at ₹157.50 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.3% on the day, down 6.8% over a year. Its 52-week range is ₹134 to ₹221. The live price is in the app.
₹157.50
+0.3% today
−6.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range27% of the way up
Low ₹134High ₹221
What is Bandhan Bank's market cap?
Bandhan Bank's market capitalisation is about ₹25,295 crore: what it would cost to buy every share at today's price. That makes it the 66th largest small cap company we cover.
₹25,295 Cr
Small Cap66th largest small cap company
Share price₹157.50
×
Shares in issue161 crore
=
Market cap₹25,295 Cr
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: BANDHANBNK
- ISIN
- INE545U01014
- Cap bucket
- Small Cap, 66th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Private Sector Bank
- Listed since
- 2018
- Futures and options
- Traded
Is Bandhan Bank overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 18.7 vs peers 12.0 (11th of 14); P/B 0.90 vs peers 1.1 (4th of 13).
Valuation
Latest price and trailing 12 months
P/E
18.69
vs peers 12.0 · 11th of 14
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
0.90
vs peers 1.1 · 4th of 13
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹25,295 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Bandhan Bank a quality business?
Quality score 32.1, 12th of 14 in its peer set; CAUTION on 21 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
32.1
vs peers 47.9 · 12th of 14
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CAUTION
21 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
6.0%
vs peers 3.8% · 2nd of 14
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
3.1%
vs peers 1.5% · 13th of 14
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.9%
vs peers 0.4% · 13th of 14
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
71.1%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
2.9%
vs peers 0.6% · 14th of 14
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
56.8%
vs peers 56.3% · 9th of 14
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
0.6%
vs peers 1.1% · 11th of 14
Profit as a share of average total assets. Learn more →
CET1 ratio
18.1%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
13.7%
vs peers 16.9% · 10th of 14
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
10.0%
vs peers 13.3% · 12th of 14
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Bandhan Bank made money for shareholders?
Not over these periods: −6.8% over one year and −8.8% a year over five years.
Shareholder returns
5-year return
−8.8% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
−6.7%1M
−9.0%3M
−26.3%6M
−5.8%1Y
−6.8%3Y
−5.9%5Y
−8.8%Does Bandhan Bank pay a dividend?
Bandhan Bank last paid ₹1.50 a share, ex-dividend 17 Aug 2026; nothing in the past 12 months counts toward a yield.
Dividends
Per share, by ex-dividend date
17 Aug 2026 · Final₹1.50
14 Aug 2025 · Final₹1.50
13 Aug 2024 · Final₹1.50
11 Aug 2023 · Final₹1.50
29 Jul 2021 · Final₹1.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Bandhan Bank growing?
Loan growth 13.7%; deposit growth 10.0%; revenue 3 years 9.9% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
13.7%
vs peers 16.9% · 10th of 14
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
10.0%
vs peers 13.3% · 12th of 14
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
9.9% a year
vs peers 12.7% · 12th of 14
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
-17.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
7.9% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
-11.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Bandhan Bank do last quarter?
Bandhan Bank reported income of ₹6,234 Cr, down 2.0% on a year earlier in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹6,234 Cr
−2.0% on a year earlier
What the company took in over the quarter.
How does Bandhan Bank compare with its peers?
Compared with 13 Private Sector Bank; 11th of 14 on P/E; 12th of 14 on quality score.
Compared with 13 Private Sector Bank
13 companies
- Bandhan Bank Ltd (this page)
- IDBI Bank Ltd
- Federal Bank Ltd
- IDFC First Bank Ltd
- IndusInd Bank Ltd
- RBL Bank Ltd
- Yes Bank Ltd
- Karur Vysya Bank Ltd
- City Union Bank Ltd
- Jammu and Kashmir Bank Ltd
- Tamilnad Mercantile Bank Ltd
- South Indian Bank Ltd
- Karnataka Bank Ltd
- DCB Bank Ltd
Bandhan Bank against its peers
Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Bandhan Bank Ltd₹25,295 Cr18.70.94.9%−6.8%
Jammu and Kashmir Bank Ltd₹15,222 Cr6.60.816.7%+30.1%
Tamilnad Mercantile Bank Ltd₹13,853 Cr9.60.914.0%+101.2%
Peer median—12.01.112.5%+44.1%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Bandhan Bank?
Bandhan Bank is held by promoters 37.5%, foreign institutions 18.6%, domestic institutions 27.5%.
Shareholding pattern
Latest filing, percent of shares
Promoters37.5%
The founders and controlling group.
Foreign institutions18.6%
Overseas funds investing through the FPI route.
Domestic institutions27.5%
Indian insurers, banks, pension and mutual funds together.
Mutual funds19.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others9.6%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Bandhan Bank?
24 analysts cover Bandhan Bank, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
24 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Bandhan Bank do and what is it sensitive to?
Bandhan Bank Limited is a universal bank that serves retail, small business, corporate and government customers across India, and also distributes third-party insurance and mutual fund products. Sensitive to: interest rate changes.
Business-model card
FY2025 · 45 verified
4Revenue
5Channels
2Regulators
3Reg. dependencies
5Sensitivities
4Costs
3Geographies
Bandhan Bank Limited is a universal bank that serves retail, small business, corporate and government customers across India, and also distributes third-party insurance and mutual fund products. It earns mainly through interest on loans, fees on banking services and treasury income on its investment portfolio.
Revenue by segment
year ended March 31, 2025
Treasury9.3%
Retail Banking81.1%
Corporate/Wholesale Banking8.2%
Other banking business1.4%
Revenue engine
4 verified
Retail Banking
Earns interest on loans classified as retail, fees for banking services, and ATM interchange fees.
Corporate/Wholesale Banking
Earns interest and fees on loans to customers in this segment and fees arising from them.
Treasury
Earns fees and trading gains or losses, plus interest on the investment portfolio. Interpretation: includes the central funding unit that lends pooled funds to other units at transfer prices.
1 more statement
Other banking business: third-party product distribution
Para-banking activities such as third-party product distribution are reported in this segment.
Customers & channels
5 verified
Emerging Entrepreneurs Business (EEB) customers (75.0%)
EEB customers are the bulk of the customer base, so small-business demand drives the franchise.
Retail banking customers
Retail banking covers individuals, salaried and self-employed professionals, farmers, students, micro and small businesses, and women groups.
Wholesale and commercial banking customers
Covers corporates, government, financial institutions, education institutions, MSMEs and public sector units, with commercial and transactional banking services.
2 more statements
Banking Unit (BU) outlets for EEB small business loans
BU outlets offer loans to small business owners; BUs are linked to a bank branch and use tablets connected to the core banking system for instalment reconciliation.
Third-party product distribution through branches and digital platforms
Insurance and mutual fund products are sold offline through the branch network and online through digital banking platforms.
Regulators
2 verified
Reserve Bank of India (RBI)
Issues the guidelines, circulars and directions the bank must follow, and is the focal point for compliance reporting.
RBI guidelines and other regulators, with FEDAI and FIMMDA standards
The Compliance Department checks products and processes against RBI guidelines and other regulators' rules, plus FEDAI and FIMMDA standards and codes.
Regulatory dependencies
3 verified
Capital planning under ICAAP
Interpretation: climate-related losses from floods, cyclones and rating impacts are stress-tested in capital planning, so tighter capital requirements would raise the capital the bank must hold against its loan book.
Climate-related financial disclosure and ESG rules
The excerpt says these rules may raise operating costs for banks in the near term.
Anti-money laundering framework
Interpretation: AML compliance is a cost of running the bank; stricter AML rules would add to compliance spending.
Sensitivities
5 verified
Interest rate changes
The bank reports the likely impact of a one-percentage-point rate change on the value of its positions. Interpretation: the direction depends on the balance of rate-sensitive assets and liabilities, which the excerpt does not give.
Credit quality and provisioning from climate stress
Climate-related stress on borrowers raises provisioning needs and lowers asset quality. Interpretation: higher provisions reduce segment results, as the segment reporting deducts provisions from operating profit.
Extreme weather and floods, droughts and cyclones
Interpretation: such events disrupt micro-banking in coastal and flood-prone areas, which the bank models in its scenario studies.
2 more statements
Reputation and stakeholder perception
Adverse perception may reduce the bank's ability to attract and retain customers and expose it to litigation and regulatory action.
Sector deposit and credit growth gap
Sector-level: credit growth slightly outpaced deposit growth, keeping the credit-to-deposit ratio above 80 per cent. Interpretation: this is a sector figure, not the bank's own, and it bears on funding cost.
Cost inputs
4 verified
Employee payments and provisions
Largest line in the operating expenses schedule by value. Interpretation: staff cost is a major cost input for a branch and BU network.
Interest expense on deposits and borrowings
Retail and corporate segment expenses consist mainly of interest on deposits and on funds borrowed from other segments.
Premises and rent
Rent, taxes and lighting is a separate operating expense line in the schedule.
1 more statement
Other expenditure
A separate operating expense line in the schedule, referenced to Note 18.35.
Geographies
3 verified
Pan-India branch and BU network
Operates across most Indian states and union territories through its branch and BU network.
Network composition
The network includes banking units, branches and ATMs.
India-only operations
The bank has no international operations; its banking services are within India.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Dividend - Rs 1.50 Per Share (17 Aug 2026).
Change log
8 entries · newest first
- Corporate actionDividend - Rs 1.50 Per Share.
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Corporate actionDividend - Rs 1.50 Per Share.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCAUTION on 21 of 22 lender flags judged; 3 red; 1 could not be judged.
- Data gapsDividend yield, PEG (vendor), PEG on our 3-year EPS growth, Business quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓103 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 45 verified
Questions people ask
What is Bandhan Bank's share price today?
Bandhan Bank last traded at ₹157.50 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.3% on the day, down 6.8% over a year. Its 52-week range is ₹134 to ₹221. The live price is in the app.
What is Bandhan Bank's market cap?
Bandhan Bank's market capitalisation is about ₹25,295 crore: what it would cost to buy every share at today's price. That makes it the 66th largest small cap company we cover.
Is Bandhan Bank Ltd a large cap, mid cap or small cap?
Bandhan Bank Ltd (BANDHANBNK) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Bandhan Bank Ltd's P/E ratio?
18.69, vs peers 12.0 · 11th of 14. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Bandhan Bank Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 18.7 vs peers 12.0 (11th of 14); P/B 0.90 vs peers 1.1 (4th of 13).
How does Bandhan Bank Ltd make money?
Bandhan Bank Limited is a universal bank that serves retail, small business, corporate and government customers across India, and also distributes third-party insurance and mutual fund products. It earns mainly through interest on loans, fees on banking services and treasury income on its investment portfolio.
Why is there no Altman Z or debt to equity for Bandhan Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Bandhan Bank Ltd's peers?
Compared with 13 Private Sector Bank: IDBI Bank Ltd, Federal Bank Ltd, IDFC First Bank Ltd, IndusInd Bank Ltd, RBL Bank Ltd and 8 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Bandhan Bank do last quarter?
Bandhan Bank reported income of ₹6,234 Cr, down 2.0% on a year earlier in the Jun 2026 quarter.
Who owns Bandhan Bank?
Bandhan Bank is held by promoters 37.5%, foreign institutions 18.6%, domestic institutions 27.5%.
Does Bandhan Bank pay a dividend?
Bandhan Bank last paid ₹1.50 a share, ex-dividend 17 Aug 2026; nothing in the past 12 months counts toward a yield.
What do analysts say about Bandhan Bank?
24 analysts cover Bandhan Bank, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.