Bandhan Bank Ltd. (BANDHANBNK) AI Stock Analysis

Bandhan Bank Ltd.

(NSE:BANDHANBNK)

Select Model

Rating:53Neutral

Price Target:INR 154.00▲(0.06% Upside)

Action:reiterated

Date:10/14/26

The score is held back primarily by inconsistent cash-flow generation and volatility in results, despite a strengthening balance sheet. Technical indicators are mixed-to-weak (negative MACD and below longer-term moving averages), while valuation appears roughly neutral with a moderate P/E and low dividend yield.

Positive Factors

Diversified banking platformThe bank spans deposits, lending, payments and transaction services, giving it multiple customer touchpoints and revenue avenues. Its combination of branch-led distribution and digital platforms can support broader customer reach, cross-selling and a more durable operating model over the next several quarters.

Negative Factors

Inconsistent cash generationRepeated negative operating and free cash flow indicates that reported earnings have not translated consistently into cash generation. Even with positive free cash flow in 2026, the historical swings can constrain internally funded growth and make financial performance less predictable over the medium term.

Bandhan Bank Ltd. (BANDHANBNK) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 264.50B
Dividend Yield: 0.97%
Average Volume (3M): 624.03K
Price to Earnings (P/E): 13.3
Beta (1Y): 1.39
Revenue Growth: 0.82%
EPS Growth: 51.69%
Country: India
Employees: 75,397
Sector: General
Sector Strength: 55
Industry: Banks - Regional

Bandhan Bank Ltd. Business Overview & Revenue Model

Company Description

Bandhan Bank Limited provides banking and financial services for personal and business customers in India. The company operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. It accepts term, fixed...

How the Company Makes Money

Bandhan Bank primarily makes money through net interest income—the spread between interest earned on its loan portfolio and investments and interest paid on customer deposits and borrowings. A major revenue driver is interest income from advances (lo...

Bandhan Bank Ltd. Financial Statement Overview

Summary

Mid-range financial quality: revenue grew strongly over 2021–2025 but dipped in 2026, profitability has been healthy in 2023–2025 yet volatile (notably the 2022 drop and 2026 step-down), and cash flow is the key weakness with multiple negative operating/free cash flow years despite turning positive again in 2026.

Income Statement

56Neutral

Balance Sheet

68Positive

Cash Flow

44Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	244.56B	244.23B	249.15B	210.37B	183.67B	166.93B
Gross Profit	110.93B	94.33B	144.57B	124.86B	117.22B	115.36B
EBITDA	20.31B	20.38B	39.02B	31.80B	30.36B	2.39B
Net Income	13.53B	12.24B	27.45B	22.30B	21.95B	1.26B
Balance Sheet
Total Assets	2.09T	2.11T	1.91T	1.78T	1.56T	1.39T
Cash, Cash Equivalents and Short-Term Investments	110.00B	139.51B	95.69B	22.21B	21.43B	55.49B
Total Debt	133.80B	143.03B	111.38B	389.73B	247.11B	199.21B
Total Liabilities	1.83T	1.86T	1.67T	1.56T	1.36T	1.21T
Stockholders Equity	261.70B	255.75B	246.05B	216.10B	195.84B	173.81B
Cash Flow
Free Cash Flow	-86.12B	64.56B	-135.46B	60.37B	-46.57B	6.90B
Operating Cash Flow	-84.51B	69.85B	-132.58B	65.95B	-42.45B	9.02B
Investing Cash Flow	16.27B	-206.57B	-38.79B	16.91B	-16.18B	-6.12B
Financing Cash Flow	36.00B	180.55B	105.36B	185.59B	165.25B	211.61B

Bandhan Bank Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price153.90

Price Trends

50DMA168.86Negative

100DMA180.35Negative

200DMA175.94Negative

Market Momentum

MACD-4.73Positive

RSI40.77Neutral

STOCH48.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANDHANBNK, the sentiment is Negative. The current price of 153.90 is below the 20-day moving average (MA) of 161.35, below the 50-day MA of 168.86, and below the 200-day MA of 175.94, indicating a bearish trend. The MACD of -4.73 indicates Positive momentum. The RSI at 40.77 is Neutral, neither overbought nor oversold. The STOCH value of 48.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANDHANBNK.

Bandhan Bank Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BANDHANBNK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UJJIVANSFB	66Neutral	INR 103.90B	8.98	―	―	20.90%	174.30%
IN:AUBANK	63Neutral	INR 649.53B	20.50	―	0.12%	16.85%	44.38%
IN:RBLBANK	61Neutral	INR 544.85B	25.07	―	0.29%	9.04%	57.73%
IN:JSFB	56Neutral	INR 39.40B	8.29	―	―	17.75%	15.09%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:EQUITASBNK	53Neutral	INR 61.12B	8.69	―	―	15.28%	―
IN:BANDHANBNK	53Neutral	INR 247.96B	13.34	―	0.97%	0.82%	51.69%

* General Sector Average

Performance Comparison

IN:BANDHANBNK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BANDHANBNK	Bandhan Bank Ltd.	153.90	-2.20	-1.41%
IN:AUBANK	AU Small Finance Bank Limited	864.00	-2.31	-0.27%
IN:EQUITASBNK	Equitas Small Finance Bank Ltd.	53.42	-7.36	-12.11%
IN:JSFB	Jana Small Finance Bank Ltd	372.35	-109.25	-22.68%
IN:RBLBANK	RBL Bank Ltd.	351.00	23.30	7.11%
IN:UJJIVANSFB	Ujjivan Small Finance Bank Ltd.	53.20	0.56	1.06%

Bandhan Bank Ltd. Corporate Events

Bandhan Bank Posts Strong Q2 FY27 Deposit and Loan Growth with Robust Liquidity

Oct 3, 2026

Bandhan Bank reported provisional unaudited figures for the quarter ended September 30, 2026, showing loans and advances rising 13.1% year-on-year to ₹158,335 crore and total deposits up 9.2% to ₹172,689 crore. Retail deposits, including...

ICRA Reaffirms Bandhan Bank Ratings on Debentures and CDs

Sep 25, 2026

Bandhan Bank Ltd. has received a rating update from ICRA Limited on two of its key funding instruments, with non-convertible debentures of Rs 75 crore reaffirmed at [ICRA] AA- with a Stable outlook. Certificates of deposit amounting to Rs 3,000 crore...

Bandhan Bank to Brief Investors at UBS India Summit 2026

Sep 8, 2026

Bandhan Bank has informed the stock exchanges that it will participate in the UBS India Summit 2026 in Mumbai on September 11, 2026, engaging in an in-person group meeting with analysts and institutional investors. The bank has also made its Q1 FY 20...

Bandhan Bank Assigned ‘Adequate’ ESG Rating by SEBI-Registered Provider

Aug 31, 2026

Bandhan Bank Ltd. has received an Environmental, Social and Governance score of 58, classified as “Adequate,” from SEBI-registered ESG Risk Assessments and Insights Limited. The rating was assigned voluntarily based on publicly available...

Bandhan Bank Sets August 24 AGM, Opens E-Voting Window for Shareholders

Jul 30, 2026

Bandhan Bank has scheduled its 12th Annual General Meeting for August 24, 2026, to be conducted via video conferencing and other audio-visual means, and has released its integrated annual report for the financial year 2025-26. The bank is enabling sh...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 14, 2026

Bandhan Bank Ltd. AI Stock Analysis