Bandhan Bank reported loans and advances of ₹1,58,335 crore for the quarter ended September 30, 2026, marking a 13.1% year-on-year increase.

Total deposits grew 9.2% YoY to ₹1,72,689 crore, driven by strong retail term deposit inflows. The bank disclosed these provisional unaudited figures in a filing to stock exchanges on October 3, 2026, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Deposit mix shifts toward term liabilities

The bank’s deposit base expanded significantly in the second quarter of FY27, with a notable shift in composition. While total deposits rose 4.7% quarter-on-quarter, the CASA ratio declined to 26.71% from 29.40% in the previous quarter. This indicates a relative slowdown in low-cost deposit mobilization compared to higher-cost term deposits.

Retail term deposits surged 16.8% YoY to ₹79,340 crore, while bulk deposits increased 10.0% QoQ to ₹47,218 crore. The proportion of retail deposits to total deposits stood at 72.66%, down slightly from 73.96% in the preceding quarter.

Loan growth outpaces deposit accretion

Loans and advances, including Priority Sector Lending and other categories, reached ₹1,58,335 crore, reflecting robust credit demand. The 1.8% QoQ growth in loans was slower than the 4.7% QoQ growth in deposits, suggesting a temporary easing of the loan-to-deposit pressure or strategic balance sheet management.

The Liquidity Coverage Ratio (LCR) stood at approximately 137.88% as of September 30, 2026, indicating ample liquidity buffers against short-term obligations.

Collection efficiency remains stable

Pan-bank collection efficiency excluding NPAs remained steady at 98.9% for September 2026, unchanged from June 2026. Segment-wise, the EEB (Enhanced Engagement Business) segment improved marginally to 98.6% from 98.5%, while Non-EEB efficiency dipped slightly to 99.2% from 99.4%.

What the numbers show

A divergence is visible between the growth rates of different deposit types. Retail term deposits grew at nearly four times the rate of CASA deposits (16.8% YoY vs 4.3% YoY). This structural shift suggests that while the bank is successfully attracting larger retail balances, it is doing so through higher-yielding instruments rather than low-cost savings accounts, which could impact net interest margins if not offset by asset yield expansion.

Note: The figures disclosed are provisional and unaudited, subject to review by the Audit Committee and Statutory Auditors.

Bandhan Bank has appointed Vinay Jain as the interim Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the bank. The appointment is effective from September 26, 2026, and will continue until March 31, 2027.

This disclosure was made to BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move follows the Board of Directors' approval granted on July 21, 2026.

Revised list of Key Managerial Personnel

With effect from September 26, 2026, the revised list of KMPs authorised for determining and disclosing material events is as follows:

Note: In the absence of the Managing Director & CEO, the senior-most Executive Director is authorised for determining materiality.

Governance update context

The appointment of an interim CFO highlights a temporary leadership transition in the bank's finance function. The term concludes at the end of FY27, indicating a defined period for this interim arrangement. The Company Secretary, Indranil Banerjee, signed the disclosure, which was simultaneously uploaded to the bank's website.