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Bandhan Bank Ltd share Price

Company details

6M Return -26.04%
1Y Return -29.90%
Mkt Cap.(Cr) 34,230.18
Volume 430,577
Div Yield 0.00%
OI Chg %
Volume 430,577

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Volatile performance remains an overhang

About The Stock

    Bandhan Bank was incorporated in 2015 as the RBI granted a universal banking license. The bank has a strong presence in eastern and north-eastern India with MFI loans being its forte.

    • Total 63% of loans are from emerging enterprise business (EEB)
    • The bank has 1189 branches in 34 states, UTs & customer base of 2.6 crore


     Improvement in asset quality boosted its overall results.

    • GNPA down 435 bps QoQ to 6.46%, EEB stress pool down ₹ 5100 crore QoQ
    • NII up 44.6% YoY, 19.5% QoQ, NIMs expand 90 bps QoQ to 8.7%
    • Provisions at mere ₹ 4.7 crore; PAT up 121% QoQ to ₹ 1902 crore
    • Loan growth at 14.1% YoY & 12.9% QoQ, while deposits up 23% YoY

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Bandhan Bank Ltd.

Q3FY23 Quarterly Result Announced for Bandhan Bank Ltd.

 Bandhan Bank announced Q3FY23 results:

  • Key Highlights:
    • Loan portfolio (on book off book TLTRO PTC) grew 11.1% YoY
    • Deposits grew 21.0% YoY
    • GNPA in Q3FY23 improved to 7.2%, against 10.8% in Q3FY22
    • Net NPAs in Q3FY23 improved to 1.9%, against 3.0% in Q3FY22
    • PCR % at 75.4% in Q3FY23, against 74.4% in Q3FY22
    • Capital Adequacy Ratio (CRAR) at 19.1%; Tier I at 18.1%; CRAR (including profit) at 20.6%
    • PPOP for Q3FY23 increased 23.8% QOQ from Rs 1,553 crore in Q2FY23 to Rs 1,922 crore in Q3FY23
    • Cost to income ratio stands at 38.3% in Q3FY23, as against 41.8% in Q2FY23.
  • Q3FY23:
    • Total Advances (on book off book TLTRO PTC) grew by 11.1% to Rs 97,787.1 crore as on Q3FY23, against Rs 87,997.7 crore as on Q3FY22
    • Total deposits increased by 21.0% to Rs 1,02,283.2 crore in Q3FY23, as against to Rs 84,499.8 crore in Q3FY22.
    • Gross NPAs in Q3FY23 at Rs 6,964.8 crore (7.2%), against Rs 6,853.9 crore (7.2%) as on Q3FY23, and against Rs 9,441.6 crore (10.8%) in Q3FY22.

Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards. The bank’s diversification agenda is well on track and with the operating environment being favourable, the bank is well poised for its next phase of growth.

Banking outlets as on December 31, 2022, stood at 5,723. The network consists of 1,250 branches, 4,473 banking units as against 1,176 branches and 4,450 banking units as on December 31, 2021. During the quarter, the number of employees at the bank has gone up from 64,078 to 66,114."

Result PDF

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Investment recommendation

Volatile performance remains an overhang

Call Date

23 Jan 2023

Entry Price


Target Price



12-18 Month



Operating Profit

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Bandhan Bank Ltd Stocks COMPARISION


Equity Capital: 17,381.15 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,685.54 2,803.96
LAST 3M 37,008.78 -10,423.44
LAST 6M 71,048.89 6,388.10
LAST 12M 156,597.56 -39,641.53

Bandhan Bank appoints Executive Director

Mar 22, 2023 l BSE Announcement

Bandhan Bank Limited - Appointment

Mar 22, 2023 l NSE Announcement

Bandhan Bank Limited - ESOP/ESOS/ESPS

Mar 17, 2023 l NSE Announcement

Date Action Type Ratio
Jul 29, 2021 Dividend 10

Bandhan Bank Ltd Information

Stock PE (TTM)


Promoter Holding


Book Value





  • Bandhan Bank Ltd. is a banking and financial services company established on 23 August 2015. The company transitioned from an NGO to a Non-Banking Financial Company (NBFC) before becoming a bank in a span of more than two decades. Headquartered in Kolkata, Bandhan Bank has presence in 34 states and Union Territories of India. The bank has 5,639 banking outlets, 471 ATMs, and more than 2.63 crore customers. The bank’s total revenue for FY 2021-2022 was Rs. 4,836 crore, and its market capitalisation as of 16 June 2022 was worth Rs. 49,426.77 crore.

    Bandhan started as a society in 2001 aimed at women empowerment and sustainable living in rural West Bengal. It became an NBFC in 2006 and the largest microfinance institution in the country in 2010. Bandhan Bank came to existence in 2015 and became the first microfinance institution in India to get a banking license. In 2019, Bandhan Bank acquired a stake of HDFC Limited in GRUH Finance.

    Bandhan Bank Ltd.’s shareholding pattern includes six shareholder categories. Promoters hold a 39.99% stake, foreign institutions have a 34.31% stake, national banks and mutual funds have a 4.19% stake, the general public has a 6.16% stake, and financial institutions have a 0.37% stake. The remaining 14.98% is allotted to other categories.       

    Mr Chandra Shekhar Ghosh is the managing director and CEO of the bank. Mr Ronti Kar is the chief information officer, and Mr Sudheer Reddy is the chief compliance officer of the bank. Mr Indranil Banerjee is presently serving as the company secretary. Other heads include Mr Santanu Banerjee, Mr Sujoy Roy, Mr Arvind Kanagasabai, Mr Sanjeev Naryani. Mr Kamal Batra, and Mr Suresh Iyer.

    Here is the latest Bandhan Bank share price:

    Bandhan Bank share price on BSE, as of 16 June 2022, was Rs. 308.70. Bandhan Bank share price NSE closed at Rs. 309.35 on 16 June 2022. The 52-week high for the Bandhan Bank share was Rs. 354.35, and the 52-week low of the Bandhan share price was Rs. 229.55 as of 16 June 2022.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

DN 32 Sector V, Salt Lake, Kolkata, West Bengal, 700091

Tel : 91-33-66090909
Email : investors:bandhanbank.com
Website : http://www.bandhanbank.com


KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541153
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE545U01014

FAQ’s on Bandhan Bank Ltd Shares

You can buy Bandhan Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bandhan Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 23, 2023 04:01 PM the closing price of Bandhan Bank Ltd was ₹ 212.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 23, 2023 04:01 PM, the market cap of Bandhan Bank Ltd stood at ₹ 34,230.18.

The latest PE ratio of Bandhan Bank Ltd as of Mar 23, 2023 04:01 PM is 10.41

The latest PB ratio of Bandhan Bank Ltd as of Mar 23, 2023 04:01 PM is 0.55

The 52-week high of Bandhan Bank Ltd is ₹ 349.50 while the 52-week low is ₹ 197.80

According to analyst recommendations, Bandhan Bank Ltd has a “Buy” rating for the long term.

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