Bandhan Bank Ltd

Bandhan Bank announced the extension of Shri Arun Kumar Singh's term as an Additional Director on its Board. Appointed by the Reserve Bank of India (RBI) under Section 36AB of the Banking Regulation Act, 1949, his term has been extended for another year, from June 24, 2026, to June 23, 2027. Shri Singh, a retired Chief General Manager from RBI, brings extensive experience in banking regulation, supervision, and financial inclusion. This extension ensures continuity in regulatory oversight and leverages his deep expertise for the bank's strategic direction.

Bandhan Bank's Board of Directors has approved the sale of an identified Non-Performing Assets (NPA) portfolio amounting to Rs. 303.74 Crore (principal outstanding as of May 31, 2026). The portfolio consists of housing finance loans with over 180 Days Past Due (DPD). The sale will be conducted through a bidding process with Asset Reconstruction Companies (ARCs) using the Swiss Challenge method. This move aims to clean up the bank's balance sheet and improve asset quality.

Bandhan Bank Ltd. disclosed details of its Analysts/Institutional Investors Meet held on May 29, 2026, in Mumbai. The meeting, part of the 360 ONE Capital (B&K) 16th Annual Investor Conference - TRINITY INDIA 2026, included discussions with representatives from 3P Investment Managers, Centrum Investment Advisors, Dymon Asia Capital, Fort Capital, Go Digit General Insurance, Groww Mutual Fund, ICICI Lombard, ICICI Prudential, IIFL Capital, JM Financial, Julius Baer, Karma Capital, Kotak Mahindra AMC, Marfatia PMS, MK Ventures, Motilal Oswal AMC, PNB Met Life, Renaissance Portfolio, and Subhkam Ventures.

SBI Mutual Fund, under its various schemes, acquired 16,98,478 shares of Bandhan Bank on May 20, 2026, increasing its holding above 5% of the paid-up share capital. The final holding of SBI Mutual Fund as of May 20, 2026, is 8,12,46,734 shares, representing 5.0432% of the bank's paid-up share capital. This acquisition was made through market purchases.

Bandhan Financial Holdings Ltd, promoter of Bandhan Bank, has sold approximately 2.06% of its stake in the bank, equivalent to 3,31,07,015 equity shares. This transaction reduces Bandhan Financial Holdings' shareholding in Bandhan Bank to approximately 37.93% of the total paid-up equity share capital. The sale was executed through open market transactions.

Bandhan Bank's Board approved the Audited Financial Results for Q4 and the Financial Year ended March 31, 2026, with an unmodified audit opinion. The Board also recommended a dividend of ₹1.50 per equity share (15%) for FY26, subject to shareholder approval at the upcoming AGM. Additionally, the bank announced management changes, appointing Mr. Surajit Roy Choudhury as Head - Emerging Entrepreneurs Business and Mr. Sujoy Roy as National Collection Head for all lending products. The trading window for designated persons will reopen 48 hours after this declaration.

Bandhan Bank Limited's Board of Directors, at its meeting on April 27, 2026, approved the appointment of Mr. Sandip Kumar Bubna as the Interim Chief Audit Executive (CAE)/Head of Internal Audit (HIA). This appointment is effective immediately for a period of six months or until a new CAE/HIA joins the Bank, whichever is earlier. This follows the resignation of Mr. Navin Sharma from the position. Mr. Bubna brings over 15 years of experience in internal audit within the banking sector, having joined Bandhan Bank in August 2025 to lead the Information Systems Audit. He is a Chartered Accountant with a Diploma in Information System Audit (DISA) and is a Certified Information Systems Security Professional (CISSP). Prior to Bandhan Bank, he was a Senior Audit Manager at ICICI Bank.

The Reserve Bank of India (RBI) has imposed an aggregate monetary penalty of ₹41.80 lakh on Bandhan Bank. This action follows a Statutory Inspection for Supervisory Evaluation of the Bank's financial position as of March 31, 2025. The penalty is for contravention of Section 20(1)(b)(iii) of the Banking Regulation Act, 1949 (₹31.80 lakh), and non-compliance with certain RBI directions on 'Know Your Customer' (KYC) periodic review of risk categorisation (₹10.00 lakh). Bandhan Bank has stated that this order will not have a material impact on its financial, operational, or other activities.

The Reserve Bank of India (RBI) has granted prior approval for the appointment of Mr. Debasish Panda as the Part-Time Chairman (PTC) of Bandhan Bank Ltd. The approval, dated April 22, 2026, is for a period of three years, effective from the date Mr. Panda takes charge, subject to certain conditions. Mr. Panda, a distinguished 1987 batch IAS officer, brings over three decades of experience, having served as Chairman of IRDAI (2022–2025) and Secretary, Department of Financial Services (2020–2022). He also held directorships on the boards of RBI, State Bank of India, Bank of Baroda, and Life Insurance Corporation of India. The Bank's Nomination and Remuneration Committee (NRC) and Board will consider and approve the appointment in due course.

Bandhan Bank Ltd's Nomination and Remuneration Committee granted 10,000 equity stock options under the 'Bandhan Bank Employee Stock Option Plan Series 1' to eligible employees on April 22, 2026. The options have a face value of ₹10 each and were granted at a price of ₹176.13 per option. The options will vest in four tranches of 25% each, annually over four years, with an exercise period of five years from the vesting date.