Bandhan Bank Limited has approved the sale of a Non-Performing Assets (NPA) portfolio from its Housing Finance segment to Asset Reconstruction Companies (ARCs) as part of efforts to clean up its balance sheet. The portfolio comprises loans with more than 180 Days Past Due (DPD), carrying a principal outstanding of ₹303.74 Crore as of May 31, 2026. This strategic move aims to reduce the bank's bad loan burden through a structured and transparent bidding process.

The Board of Directors granted approval for the proposed sale on Monday, June 15, 2026. The transaction will be conducted using the Swiss Challenge method — a bidding process where an initial bid is made public and third parties are invited to match or exceed it. This approach is typically employed to ensure transparency and maximize recovery value for the selling entity.

Key Details of the NPA Sale

The following table outlines the key parameters of the approved NPA portfolio sale:

Regulatory Compliance and Disclosure

The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific assets identified for sale belong to the Housing Finance Portfolio, a segment that has been under scrutiny due to rising delinquencies. By offloading these stressed assets, Bandhan Bank intends to strengthen its asset quality and free up capital for fresh lending. The bank has confirmed that the information is being simultaneously uploaded on its official website. Indranil Banerjee, Company Secretary, signed the disclosure on behalf of Bandhan Bank Limited.

Bandhan Financial Services Limited, the promoter of Bandhan Bank , has confirmed that it has not created any encumbrance on the equity shares of the bank since its inception. This assurance covers the period including the financial year ended March 31, 2026. The disclosure is significant for shareholders as it indicates that the promoter's holding remains free from charges or liens, ensuring stability in ownership structure.

The confirmation was submitted in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to disclose any encumbrance on shares to ensure transparency in the capital market. The filing explicitly states that no direct or indirect encumbrance has been made by the promoter on the bank's shares.

Key Details of the Disclosure

The letter was addressed to the Audit Committee of Bandhan Bank Limited and the stock exchanges, BSE Limited and The National Stock Exchange of India Limited. Biplab Kumar Mani, Company Secretary of Bandhan Financial Services Limited, signed the confirmation on April 6, 2026.