Bandhan Bank Limited's Board of Directors convened on January 22, 2026, to deliberate on crucial organizational matters, resulting in significant approvals for executive leadership and shareholder voting processes. The meeting, which extended from 10:00 AM to 4:35 PM, addressed key governance and operational decisions that will shape the bank's leadership structure and employee incentive programs.

Executive Director Re-appointment Approved

The Board has approved the re-appointment of Mr. Ratan Kumar Kesh (DIN: 10082714) as Executive Director and Chief Operating Officer, along with his designation as Key Managerial Personnel. This decision follows the approval granted by the Reserve Bank of India and is based on the recommendation of the Nomination and Remuneration Committee.

The Board confirmed that Mr. Kesh is not related to any other Directors of the Bank and is not debarred or disqualified from holding the office of director by any regulatory authority, including the Securities and Exchange Board of India.

Postal Ballot Authorization for Six Business Items

The Board has authorized a comprehensive postal ballot process to seek shareholder approval on six items of special business through remote e-voting. The postal ballot will address both special and ordinary resolutions covering various aspects of corporate governance and executive compensation.

ESOP Plan Enhancements

Two of the six postal ballot items focus specifically on enhancing the bank's Employee Stock Option Plan Series 1. The proposals include increasing the aggregate number of employee stock options available for grant and implementing amendments to the existing plan structure. These changes require special resolution approval from shareholders due to their significant impact on the bank's equity structure and employee incentive framework.

Executive Remuneration Approvals

Three ordinary resolutions will address the remuneration packages for the bank's senior leadership team. The postal ballot will seek shareholder approval for compensation arrangements for Mr. Partha Pratim Sengupta in his role as Managing Director and Chief Executive Officer, Mr. Rajinder Kumar Babbar as Executive Director and Chief Business Officer, and Mr. Ratan Kumar Kesh as Executive Director and Chief Operating Officer.

Next Steps and Documentation

The bank will submit the Notice of Postal Ballot, including explanatory statements and detailed information about the remote e-voting process, in due course. All relevant documentation and updates will be made available on the bank's official website at www.bandhan.bank.in . The postal ballot process will enable shareholders to participate in these important governance decisions through a secure electronic voting mechanism.

Bandhan Bank Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a strong turnaround in profitability and significant improvement in asset quality metrics. The Board of Directors approved these results at their meeting held on January 22, 2026.

Financial Performance Highlights

The bank delivered impressive quarterly results with net profit after tax reaching ₹20,559.09 lakhs (₹206 crore) for Q3 FY26, marking a substantial 84% quarter-on-quarter growth from ₹11,187.14 lakhs in Q2 FY26. This represents a recovery from the previous quarter's performance, though it remains below the ₹42,648.57 lakhs reported in Q3 FY25.

Business Growth and Asset Quality

The bank's total business crossed the ₹3 lakh crore milestone, driven by steady growth in both deposits and advances. Deposits stood at ₹1.57 lakh crore as of December 31, 2025, representing an 11% year-on-year growth. Gross advances reached ₹1.45 lakh crore, up 10% YoY, with secured advances growing 27% YoY and now constituting nearly 57% of the total loan book.

Asset quality showed remarkable improvement during the quarter. Gross NPA ratio declined significantly to 3.33% from 5.02% in Q2 FY26, while Net NPA ratio improved to 0.99% from 1.37% quarter-on-quarter. The Provision Coverage Ratio (including technical write-offs) stood at 84.30% as of December 31, 2025.

Operational Performance

Net Interest Income for Q3 FY26 stood at ₹2,68,830.07 lakhs, up 3.8% quarter-on-quarter from ₹2,58,855.84 lakhs in Q2 FY26. Net Interest Margin improved to 5.90% compared to 5.80% in the previous quarter. Interest earned totaled ₹5,43,123.92 lakhs, while interest expended was ₹2,74,293.85 lakhs.

Operating expenses increased to ₹1,93,430.22 lakhs from ₹1,82,464.46 lakhs in Q2 FY26, primarily driven by employee costs of ₹1,13,346.28 lakhs and other operating expenses of ₹80,083.94 lakhs. The bank maintained a strong capital adequacy ratio of 17.33%, well above regulatory requirements.

Nine-Month Performance

For the nine months ended December 31, 2025, the bank reported a net profit of ₹68,942.43 lakhs compared to ₹2,42,739.12 lakhs in the corresponding period of the previous year. Total income for nine months stood at ₹18,22,400.88 lakhs against ₹18,78,134.64 lakhs in 9M FY25. Operating profit before provisions was ₹4,42,375.99 lakhs compared to ₹5,81,734.98 lakhs in the previous year.

Segment Performance

The bank's retail banking segment contributed ₹5,49,199.05 lakhs in revenue for Q3 FY26, while wholesale banking generated ₹70,384.50 lakhs. Treasury operations contributed ₹72,917.10 lakhs to the quarter's revenue. The retail banking segment showed improved profitability with segment results improving from negative ₹4,776.08 lakhs in Q2 FY26 to negative ₹3,765.88 lakhs in Q3 FY26.

Management Commentary

Managing Director & CEO Partha Pratim Sengupta commented on the bank's performance, stating that the third quarter results reflect strengthening fundamentals and steady turnaround. He emphasized the bank's commitment to accelerating digital initiatives in Q4 aimed at enhancing customer experience, operational efficiency, and scalability, positioning the bank for sustainable and profitable growth.

The bank's distribution network spans over 6,350 outlets across 35 states and union territories, serving 3.25 crore customers with a workforce of more than 74,500 employees. CASA deposits stood at ₹42,730 crore with a CASA ratio of 27%, while the CASA plus retail term deposits to total deposit ratio remained above 72%.