Financial Services stocks · Small cap · NSE
Bandhan Bank is a universal bank in India, offering diversified financial solutions across lending segments. It has a deep pan-India footprint with 1,988 branches and 4,400 EEB Banking Units, serving 31.8 million customers. The bank focuses on operational excellence and digital adoption, with 98% of retail transactions now digital.
SMA20 +1.6% / mo · MACD −
Latest mapped FPI equity flow was not positive. View sector evidence
Adjusted completed-session prices, rebased to 100
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +2.8% · PAT +35.0% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +3% YoY · PAT +35% YoY · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,631 Cr | +2.8% | +3.7% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹502 Cr | +35.0% | -6.0% |
| PAT margin | 8.9% | +212 bps | -93 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 20/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term trend down. RSI 44. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Bandhan Bank reports strong Q1FY27 PAT growth YoY (+34.9%) driven by improved asset quality (GNPA 3.1%, NNPA 0.9%), despite a QoQ PAT decline (-6.1%) and a sequential dip in total deposits and disbursements. Advances grew 16.4% YoY.
The bank continues its strategic shift towards a more diversified and secured loan book, reflected in improved asset quality metrics YoY. While overall advances growth is healthy YoY, the sequential decline in deposits and disbursements across key segments warrants close monitoring. Digital adoption is strong.
Latest issuer-disclosed distribution across 4 reported categories.
Non-EEB Book grew to ₹ 1,029.1 bn, up 27.4% YoY and 2.6% QoQ, indicating diversification beyond microfinance.
Secured assets now comprise 56.8% of the book, up 473 bps YoY and 67 bps QoQ, strengthening portfolio resilience.
Share of Non-East in advances reached 62.1%, up 30 bps YoY and 19 bps QoQ, reducing concentration risk.
98% of retail transactions are digital, and 92% of savings accounts are opened digitally, enhancing customer experience and efficiency.
Total banking outlets increased to 6,388 as of Jun'26, with 1,988 branches and 4,400 EEB Banking Units.
Added 44 banking outlets in Q1FY27.
Significant QoQ decline in EEB (-29.6%), Housing (-39.0%), and Retail (-30.8%) disbursements, indicating potential slowdown in new business generation.
Total Other Income declined 21.7% QoQ and 16.8% YoY, partly due to a high base from treasury gains in Q1FY26.
Total deposits declined 0.9% QoQ, despite a 6.6% YoY growth, raising concerns about sequential funding stability.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is crucial for assessing underlying business growth and seasonal trends in a financial services company. QoQ comparison is vital for tracking sequential momentum in disbursements, deposit accretion, asset quality trends, and operational efficiency.
Gross Advances ₹ 1,555.6 bn (16.4% YoY & 0.9% QoQ). Non-EEB Book grew 27.4% YoY & 2.6% QoQ.
EEB disbursements declined 29.6% QoQ and 4.5% YoY. Housing disbursements fell 39.0% QoQ and 17.6% YoY. Retail disbursements decreased 30.8% QoQ but grew 15.2% YoY.
NIM was 6.2% (-16 bps YoY & 2 bps QoQ).
Cost of funds (Excl Cap.) was 6.4% in Q1FY27, down from 7.0% YoY and 6.5% QoQ.
Management maintains a "strong focus towards orderly resolution of leveraged portfolio."
Elevated mutual fund platform with UI/UX upgrades and capability enhancements.
Introduced Corporate Salary Account Journey for digital onboarding.
Empowering merchants with Static QR linked with POS terminals for flexible payment acceptance.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Quarterly Disbursements Growth | Significant QoQ decline across EEB, Housing, and Retail segments. | Reversal of the sequential decline and sustained growth in disbursements across all key lending segments. |
| Total Deposit Growth (QoQ) | -0.9% QoQ decline. | Positive sequential growth in total deposits and continued improvement in retail deposit share and CASA ratio. |
| Non-EEB Book Growth | 27.4% YoY, 2.6% QoQ. | Sustained double-digit growth in non-EEB segments to further diversify the loan book. |
| Asset Quality Ratios (GNPA/NNPA) | GNPA 3.1%, NNPA 0.9%. | Maintenance of current low levels and further reduction in stress pool, particularly in the EEB segment. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 25th percentile of the scored universe and 42nd percentile within Financial Services. Main check: financial discipline is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Financial Services: 42nd pctile, median 62 · Small: 28th pctile, median 66
102 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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