Bandhan Bank Limited — Investor Meet, 06-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bandhan Bank reported Q2FY26 gross advances at Rs. 140,000 Cr (up 7% YoY) and total deposits at Rs. 158,000 Cr (up 11% YoY), with CASA at 28% and total retail deposits at 71%. The secured loan book grew 25% YoY, now comprising 55% of advances.

Net Interest Margin (NIM) for Q2FY26 was 5.8%, affected by a 75 bps repo rate cut and 200 bps MCLR reduction. PAT stood at Rs. 112 Cr. Gross and Net NPAs remained stable at 5% and 1.4% respectively, with credit costs at 3.4%. Technical write-offs totaled Rs. 865 Cr. EEB SMA-1 and SMA-2 balances declined sequentially, signaling early asset quality improvement.

Management expects gradual EEB growth from Q3 and margin improvement from Q4 as lower deposit costs flow through. The Bandhan 2.0 strategy emphasizes diversification, digital capabilities, and strengthening the granular deposit base. The outlook remains confident, anticipating stronger performance in the second half of the fiscal year.