Bandhan Bank, a Kolkata-headquartered lender pivoting from microfinance-heavy lending toward a secured, diversified book, reports Q2 FY 2026-2027 results with its funding franchise under scrutiny. The print will speak to whether the bank holds its 6.2% NIM and the revised 1.2%-1.4% ROA path, and how it repairs a CASA ratio that slipped to 26.71% in the provisional update.
| Results date | October 28, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter total income | Rs. 6,234.38 Cr |
| Previous quarter PAT | Rs. 501.67 Cr (+35% YoY) |
| Previous quarter NIM | 6.2% |
| Market cap | Rs. 24,163.28 Cr |
| CMP | Rs. 149.89 |
The Board will meet in Kolkata on October 28, 2026 to consider the Q2/H1 FY27 audited financial results, followed by an earnings call.
An earnings call follows the board meeting on October 28, 2026, per the bank's exchange intimation. No separate dial-in time or registration link was stated in the announcement.
The quarter's central question is whether management reaffirms, slows, or re-cuts the ROA path of 1.2%-1.4% by exit Q4FY27, after Q1 ran at 1.0% (1.1% adjusted for a Rs. 60 Cr one-time gratuity provision) and the external factors behind the guidance cut intensified — Brent crude breached $100/bbl on September 9 and closed at $113.17 on October 22. On the funding side, the provisional update showed loans of Rs. 158,335 Cr (+13.1% YoY) outpacing deposits of Rs. 172,689 Cr (+9.2% YoY), with the CASA ratio down to 26.71% from 29.40% at June 30 and bulk deposits up 10.0% QoQ — a bank-specific lag against system deposit growth of 17.3% YoY as on September 15, 2026. Credit cost is the likely bright spot: it fell to 1.8% in Q1 from 2.0% in Q4 FY26, and industry MFI data shows 30+ DPD delinquency at 1.89% in June 2026 versus 6.08% a year earlier, supporting the glide toward the guided 1.6%-1.7% by end FY27. Management has already shifted its NIM narrative from an improvement path to holding current levels, stating NIMs are 'not expected to improve further due to external factors', so any re-rating of the FY27 trajectory will be the key signal from the call.
ROA and NIM guidance path: The revised FY27 targets face their first full-quarter test.
CASA recovery and deposit vs advances growth: The provisional print set up the sharpest analyst probing areas.
Credit cost and EEB book: Asset quality has been the improving thread across recent quarters.
Opex, PSL and ECL provisioning: Cost lines remain above target with a regulatory transition pending.
Leadership continuity and new initiatives: Governance churn and product launches carry into the call.
Management attributed the cut from 1.6%-1.8% to 1.2%-1.4% by exit Q4FY27 entirely to external factors — the West Asia crisis, energy prices, technology costs and funding-cost pressure — stating credit cost is sequentially coming down from 2.0% to 1.8%. The MD said the revision involves 'no internal factors'.
Management said EEB cost escalation cannot be passed on and the Bank 'cannot be over aggressive'; no MFI yield hikes were made in the June 2026 quarter, after a 100 bps hike in the February of the March '26 quarter.
PSL compliance stood at about 40% of the MFI book in Q1 FY27. Management said it intends to increase this 'comfortably post the current quarter', alongside a target of a 50% reduction in PSL shortfall costs in FY27.
Q1 FY27 ROA was 1.0% (1.1% adjusted for a Rs. 60 Cr gratuity provision) against the revised 1.2%-1.4% target by exit Q4FY27, leaving a 20-40 bps gap. Management warned that 'if these external factors do not improve, the previously given guidance may not hold'.