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Private Indian bank that grew from a microfinance institution, focused on financial inclusion, microloans and retail banking.
Private Indian bank that grew from a microfinance institution, focused on financial inclusion, microloans and retail banking.
Earns mainly from interest on loans, with a large part made as small, group-guaranteed loans to women borrowers in rural areas, which yield more but are riskier in a bad season. It has been adding secured lending, such as home and small-business loans, and merged with housing lender Gruh Finance in 2019.
Moat: narrow (distribution, process know-how). Deep rural microfinance-origin distribution network, though facing asset-quality volatility in that book.
Headquarters: Kolkata, India · Founded: 2001 · Employees: 75,397
Size Bandhan Bank (BANDHANBNK.NS) is an India Financials company (Major Banks) with a market value of $2.83B, the 301st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹165.00 on 6 Nov 2026.
Performance Over six months the shares fell 20.5%, against +2.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +8.2%); the operating margin is 18.2% (peer median 32.0%).
Valuation It trades at 1.00× book value against a peer median of 0.95× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 14.9%; Bandhan Bank delivers 7.3%, so the price asks more than the business earns today.
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹250B | ₹244B | ₹246B | ₹208B | ₹186B |
| Revenue growth | — | -1% | +19% | +12% | — |
| Net income | ₹18.6B | ₹12.2B | ₹27.5B | ₹22.3B | ₹21.9B |
| Free cash flow | n/a | ₹64.6B | ₹81.7B | ₹60.4B | ₹38.1B |
| Capital expenditure | n/a | ₹5.29B | ₹2.88B | ₹5.57B | ₹4.12B |
| Total debt | ₹100B | ₹387B | ₹381B | ₹390B | ₹444B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bandhan Bank BANDHANBNK.NS | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% |
| CreditAccess Grameen CREDITACC.NS | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% |
| Manappuram Finance MANAPPURAM.NS | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% |
| IDFC First Bank IDFCFIRSTB.NS | $7.05B | +10% | +13% | 6% | 1.35× | 24.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BANDHANBNK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | +1.5% | 11th highest of 21 |
| 6-month return | -20.5% | +2.2% | 2nd lowest of 21 |
| Return on equity | 7.3% | 9.5% | 5th lowest of 21 |
| Price / book | 1.00× | 0.95× | 10th most expensive of 21 |
| Trailing P/E | 14.3× | 12.0× | 7th most expensive of 21 |
| ROE the price implies | 14.9% | 9.3% | 2nd most demanding of 20 |
| ROE delivered | 7.3% | 9.6% | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bandhan Bank BANDHANBNK.NS | India | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% | 7.3% |
| Guangzhou Rural Commercial Bank 1551.HK | Hong Kong | $2.83B | -10% | -9% | 2% | 0.22× | 3.5% | 2.3% |
| NBT Bancorp NBTB | United States | $2.74B | +16% | +10% | 11% | 1.45× | 9.3% | 11.5% |
| Central Bank of India CENTRALBK.NS | India | $2.93B | -18% | +8% | 12% | 0.67× | 10.9% | 12.0% |
| Hyakugo Bank 8368.T | Japan | $2.98B | +4% | +29% | 6% | 0.85× | 8.0% | 6.4% |
| FB Financial FBK | United States | $2.66B | 0% | +27% | 12% | 1.39× | 12.3% | 11.9% |
| Shiga Bank 8366.T | Japan | $3.12B | +11% | +23% | 4% | 0.76× | 3.9% | 4.4% |
| First Merchants FRME | United States | $2.56B | +1% | +8% | 8% | 0.97× | 9.2% | 7.8% |
| BankUnited BKU | United States | $3.14B | -7% | -5% | 9% | 1.09× | 11.9% | 9.2% |
| BSP Financial BFL.AX | Australia | $2.53B | -5% | +7% | 25% | 2.12× | 10.5% | 24.5% |
| Banque Cantonale de Geneve BCGE.SW | Switzerland | $3.17B | +12% | -3% | 10% | 1.01× | n/a | 9.9% |
| Bank of Xi'an 600928.SS | China | $2.51B | +2% | +1% | 8% | 0.45× | 2.6% | 7.8% |
| Bank of Queensland BOQ.AX | Australia | $3.19B | +14% | -6% | 4% | 0.80× | 8.9% | 4.3% |
| Park National PRK | United States | $3.20B | +2% | +21% | 13% | 1.87× | 13.1% | 13.1% |
| Banco BBVA Argentina SA Sponsored ADR BBAR | United States | $2.45B | -29% | +6% | 8% | 0.77× | 8.1% | 8.0% |
| Aichi Financial 7389.T | Japan | $2.40B | +3% | +31% | 8% | 0.81× | 6.5% | 7.8% |
| Simmons First National SFNC | United States | $3.37B | +10% | +122% | 8% | 1.01× | 9.7% | 7.8% |
| Tokyo Kiraboshi Financial 7173.T | Japan | $2.36B | -12% | +15% | 11% | 0.93× | 5.9% | 10.8% |
| Community Financial System CBU | United States | $3.39B | +1% | +7% | 12% | 1.67× | 12.5% | 11.8% |
| OSB OSB.L | United Kingdom | $2.27B | +4% | -6% | 12% | 0.78× | 12.1% | 12.4% |
| Dave DAVE | United States | $3.55B | +9% | +49% | 105% | 17.09× | 291.2% | 104.8% |