Bandhan Bank Limited
Bandhan was set up in 2006 as Bandhan Financial Services Pvt Ltd (BFSL). The company was the largest NBFC-MFI in India until 2014 after which, it became the first entity to receive an in-principle universal banking license from the Reserve Bank of In...
Key Metrics
EPS
13.84
Current ratio
0.12
Debt/Equity
7.24
Debt/EBITDA
49.21
Interest coverage ratio
-
Operating Cashflow to total debt
0.10
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Healthy capital position; restoration in internal accruals to pre-pandemic levels remains a monitorable
Healthy resource profile supported by a large retail deposit franchise
Market position supported by established track record in the micro-loan segment alongside increasing diversification towards secured asset classes
Overall capital adequacy ratio (CAR) remaining below 15% for a prolonged period
Liquidity: Strong
Cons
Moderate asset quality metrics; susceptibility to risks inherent to the microfinance segment
Regional concentration and exposure to local socio-political risks inherent in the micro loan business
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About Bandhan Bank Limited bond.
This comprehensive profile covers key factual information about Bandhan Bank Limited. Bandhan was set up in 2006 as Bandhan Financial Services Pvt Ltd (BFSL). The company was the largest NBFC-MFI in India until 2014 after which, it became the first entity to receive an in-principle universal banking license from the Reserve Bank of India. Bandhan was incorporated in December 2014 as a subsidiary of Bandhan Financial Holdings Limited (BFHL), which is 100% held by BFSL. After it commenced operations in August 2015, BFSL's entire microfinance portfolio was transferred to Bandhan. The bank is headquartered in Kolkata and offers group-based individual lending services in the microfinance segment. In 2019, the bank acquired Gruh with the objective to diversify operations geographically and across asset classes. This facilitated the reduction in promoter shareholding to the stipulated level. It operates through a network of 6,219 branches, banking units, doorstep service centres (DSCs), and GRUH centres, spread across 35 states and union territories. EPS in Mar-2024 was 13.84. Current ratio in Mar-2024 was 0.12. Debt/Equity in Mar-2024 was 7.24. Debt/EBITDA in Mar-2024 was 49.21. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.10. Total revenue for Mar-2025 (E) was ₹23039.20. Net income for Mar-2025 (E) stood at ₹4437.41. Total assets as of Mar-2024 were ₹178,125.97. Operating cash flow for Mar-2024 was ₹14,808.42. Peers and comparison entities consist of Bandhan Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Healthy capital position; restoration in internal accruals to pre-pandemic levels remains a monitorable; Healthy resource profile supported by a large retail deposit franchise; Market position supported by established track record in the micro-loan segment alongside increasing diversification towards secured asset classes; Overall capital adequacy ratio (CAR) remaining below 15% for a prolonged period; Liquidity: Strong. Key risks include: Moderate asset quality metrics; susceptibility to risks inherent to the microfinance segment; Regional concentration and exposure to local socio-political risks inherent in the micro loan business. Leadership team details include Allamraju Subramanyu Ramasastri (Independent Director), Amitava Goswami (Chief Compliance Officer), Anup Kumar Sinha (Non Executive Independent Chairman), Aparajita Mitra (Independent Director), Arun Kumar Singh (Addnl. & Nominee Director), Biswajit Das (Chief Risk Officer), Divya Krishnan (Non Executive Non Independent Director), Indranil Banerjee (Company Secretary), Jagannadha Rao Suvvari (Head - Legal), Manoj Kumar Mauni (Chief Technology Officer), Nand Kumar Singh (Head), Narayan Vasudeo Prabhutendulkar (Independent Director), Pankaj Sood (Non Executive Non Independent Director), Partha Pratim Samanta (Head), Philip Mathew (Independent Director), Pinaki Halder (Chief Information Officer), Rajeev Mantri (Chief Financial Officer), Rajinder Kumar Babbar (Executive Director & Chief Business Officer), Ratan Kumar Kesh (Managing Director & CEO), Ravindra Baburaya Gadiyar (Head), Sankar Saha (Head), Santanu Banerjee (Head - Human Resource), Santanu Mukherjee (Independent Director), Subrata Dutta Gupta (Independent Director), Suhail Chander (Independent Director), Sujoy Roy (Head), Vijay Nautamlal Bhatt (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.