Bandhan Bank Posts 35% Profit Jump in Q1 FY27; Announces CFO Appointment and AGM Details

Bandhan Bank Posts 35% Profit Jump in Q1 FY27; Announces CFO Appointment and AGM Details​

Bandhan Bank Limited announced strong financial results for the first quarter of the fiscal year 2026-2027 (Q1 FY27), with its net profit rising by 34.9% year-on-year to Rs 502 crore. The Board of Directors approved the bank’s unaudited financial results during a meeting held on July 21, 2026.

The bank saw significant growth in its balance sheet metrics. As of June 30, 2026, Gross Advances stood at Rs 1.56 lakh crore, marking a 16% year-on-year (YoY) increase from the previous year. Total deposits grew by 7% YoY to reach Rs 1.65 lakh crore.

Retail segment growth was particularly strong, with Retail Deposits (comprising CASA and RTD) increasing by 15.6%, reaching Rs 1.21 lakh crore, making up 74% of total deposits.

Key Financial Performance Highlights​

The bank's profitability improved across key metrics for Q1 FY27:

• Net Total Income: Rose to Rs 3,524 crore from Rs 3,483 crore in Q1 FY26, a growth of 1.2% YoY.
• Net Interest Income (NII): Increased by 5.9% YoY to Rs 2,921 crore, up from Rs 2,757 crore in Q1 FY26. The Net Interest Margin (NIM) stood at 6.2%.
• Provisions: Provisions (other than tax) and contingencies were charged at Rs 683 crore, which is 40% lower YoY.
• Asset Quality: Gross NPA stood at 3.1%, compared to 5.0% in Q1 FY26. Net NPA improved sequentially to 0.9%, down from 1.4%.

The bank’s Return on Assets (RoA) stood at 1.0%, and Return on Equity (RoE) was reported at 7.7% for Q1 FY27.

Management and Governance Updates​

During the board meeting, Bandhan Bank made key appointments and extended mandates within its senior leadership team:

• Chief Financial Officer (CFO): The Board approved the appointment of Mr Vinay Jain as (Interim) CFO and Key Managerial Personnel (KMP). This role is effective from September 26, 2026, until March 31, 2027.
• Chief of Internal Vigilance (CIV): The term of appointment for Mr Prakash E as the CIV was extended on an interim basis up to September 30, 2026, or until a new CIV joins the bank, whichever occurs earlier.

Mr Vinay Jain is identified as a Chartered Accountant and commerce graduate with over two decades of experience in finance and banking at global and domestic financial institutions, including DBS Bank, Citibank, and ICICI Bank. Mr Prakash E has approximately 25 years of experience and joined the Vigilance Department on November 21, 2022.

Annual General Meeting (AGM) Details​

The bank announced that its 12th AGM will be held on Monday, August 24, 2026, at 11:00 a.m., through Video-Conferencing (VC)/Other Audio-Visual Means (OAVM). The Record Date for the purpose of Dividend has been fixed as Monday, August 17, 2026.

Bank Footprint and Operations​

As of June 30, 2026, Bandhan Bank operates a wide distribution network, encompassing 1,988 branches, 4,400 banking units, and 438 ATMs. The bank reported that it does not have any Subsidiary, Associate or Joint venture.

BANDHANBNK Stock Price Movement​

Shares of Bandhan Bank Limited slipped by 1.82% today, settling at ₹208.83 in post-market trading. The equity saw significant activity, with over 12.31 million shares traded throughout the day.