Bandhan Bank spurts on report of Abu Dhabi investors? stake talks

Bandhan Bank jumped 7.85% to Rs 169.70 amid reports of a potential stake sale in Bandhan Financial Services, the bank?s promoter entity.

Abu Dhabi-based International Holding Company (IHC) and First Abu Dhabi Bank are reportedly in early-stage discussions to acquire a stake in the promoter entity.

Bandhan Financial Services is reportedly exploring the sale of a 25%-32% stake to strategic investors. The proposed transaction could provide an exit route for existing investors, including Singapore?s GIC and the International Finance Corporation (IFC), which together hold a 30.3% stake in the promoter entity.

The stake held by GIC and IFC is estimated to be worth $500 million-$600 million. Bandhan Financial Services is reportedly working with Jefferies as an adviser for the proposed transaction.

The discussions are at an early stage, and no definitive agreement has been announced. The proposed stake sale, if completed, could change the ownership structure of Bandhan Financial Services.

Bandhan Bank started operations as a universal bank on 23 August 2015. It currently operates nearly 6,400 banking outlets across 35 of India's 36 states and union territories and serves around 3.2 crore customers.

For the quarter ended 30 June 2026, the bank reported a standalone net profit of Rs 501.67 crore, up 34.9% from Rs 371.96 crore a year earlier but down 6.1% from Rs 534.14 crore in the previous quarter.

Net interest income rose 5.9% YoY to Rs 2,921 crore, while net revenue increased 1.2% YoY to Rs 3,524 crore. Net interest margin (NIM) stood at 6.2% in Q1 FY27, down 16 basis points YoY but up 2 basis points sequentially.

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