Bandhan Bank has successfully concluded its postal ballot process with shareholders approving the appointment of two key directors to strengthen its board composition. The voting results, announced on December 12, 2025, confirmed both proposed appointments received requisite majority approval through the remote e-voting process.

Voting Results and Approval

The postal ballot process, conducted exclusively through remote e-voting from November 12 to December 11, 2025, saw significant shareholder participation. CS Hansraj Jaria, the appointed scrutinizer, confirmed that both resolutions were passed with the required majority.

Approved Appointments

Avijit Mukerji - Non-Executive Non-Independent Director

The appointment of Mr. Avijit Mukerji (DIN: 03534116) as Non-Executive Non-Independent Director was approved through an ordinary resolution. Nominated by Bandhan Financial Holdings Limited (BFHL), the bank's promoter, Mr. Mukerji brings over three decades of experience in audit and assurance as a former partner at PricewaterhouseCoopers India.

Gauri Prosad Sarma - Independent Director

Shareholders approved the appointment of Mr. Gauri Prosad Sarma (DIN: 09107885) as Independent Director through a special resolution. The former Chief General Manager at Punjab National Bank brings 37 years of banking experience, with expertise in digital banking, fintech, and IT operations.

Director Profiles and Expertise

Regulatory Compliance

The postal ballot process was conducted in compliance with the Companies Act 2013, SEBI LODR Regulations 2015, and Banking Regulation Act 1949. In accordance with Section 12(2) of the Banking Regulation Act, voting rights exceeding 26.00% of total voting rights were restricted, affecting Bandhan Financial Holdings Limited's voting capacity.

Strategic Significance

These appointments align with Bandhan Bank's strategy to enhance board expertise across critical areas. Mr. Mukerji's audit and assurance background is expected to strengthen financial oversight, while Mr. Sarma's extensive banking and digital transformation experience supports the bank's technological advancement initiatives.

The successful completion of this postal ballot process demonstrates strong shareholder confidence in the bank's governance structure and strategic direction, particularly in areas of financial management, digital banking, and risk assessment.

Bandhan Bank , a leading private sector lender, reported its financial results for the second quarter of fiscal year 2026 (Q2FY26), showcasing resilience amid challenging market conditions. The bank's performance reflects ongoing efforts to diversify its portfolio and adapt to changing market dynamics.

Key Financial Highlights

Performance Analysis

Bandhan Bank's Q2FY26 results reflect the impact of recent market changes and the bank's strategic initiatives:

1. Profitability: The bank reported a net profit of Rs 112 crore, down from Rs 937 crore in Q2FY25. This decline was primarily attributed to margin pressure and elevated credit costs.

2. Net Interest Margin: NIM compressed to 5.8% from 6.4% in the previous quarter, mainly due to the impact of a 75 basis point repo rate cut and a 200 basis point MCLR reduction.

3. Loan Book Growth: Gross advances stood at Rs 1.40 lakh crore, showing a 7% year-on-year growth. The non-EEB (Emerging Entrepreneur Business) portfolio grew by 24% YoY, now accounting for 63% of total advances.

4. Deposit Growth: Total deposits increased by 11% YoY to Rs 1.58 lakh crore, outpacing the growth in advances. Retail deposits, including CASA and retail term deposits, grew by 16% YoY.

5. Asset Quality: Gross and net NPA ratios remained stable at 5% and 1.4% respectively. The bank undertook technical write-offs of Rs 865 crore during the quarter.

6. Capital Adequacy: The Capital Adequacy Ratio stands at 18.6%, with Tier I capital at 17.8%, providing adequate headroom for future growth.

Strategic Initiatives and Outlook

Bandhan Bank continues to focus on diversifying its loan portfolio and strengthening its liability franchise:

1. Portfolio Diversification: The secured loan book grew 25% YoY, now accounting for 55% of total advances, up from 47% a year ago.

2. Digital Initiatives: The bank has integrated with various government payment systems, enhancing its role in facilitating digital transactions.

3. Collection Efficiency: Overall collection efficiency, excluding NPAs, improved marginally to 98.0% in Q2FY26 from 97.9% in Q1FY26.

4. Future Outlook: Management expects margin improvement from Q4 onwards as term deposit repricing benefits flow through. The bank remains focused on prudent risk management and identifying new growth avenues.

Partha Pratim Sengupta, Managing Director and CEO of Bandhan Bank, commented on the results: "This quarter's performance reflects a transitional phase for the Bank as we continue to realign our portfolio and operating model in response to the changing environment. We remain confident in the Bank's underlying strength and the initiatives we have undertaken to drive sustainable growth."

As Bandhan Bank navigates through this transitional period, it continues to focus on enhancing operational efficiency, strengthening its digital capabilities, and maintaining a robust capital position to support future growth initiatives.