Bandhan Bank Q1 Results: Net profit down 65% to ₹372 crore, NII falls 7% YoY

Bandhan Bank on Friday, July 18, posted a significant fall in its net profit for the first quarter of the current fiscal year (Q1 FY26) at ₹372 crore, down 65% from ₹1,064 crore reported in the year-ago period. On a sequential basis, the bank's net profit was up 17%.

The bank's net interest income (NII) was down 7.7% year-on-year (YoY) at ₹2,757.2 crore during the reporting quarter from ₹2,986.6 crore in Q1 FY25. The net interest margin (NIM) stood at 6.4%.

Commenting on the bank’s Q1 performance, MD & CEO Partha Pratim Sengupta said, “Bandhan Bank has delivered a sequentially improving performance in Q1 FY26, marked by strong growth in deposits and continued momentum in Retail & Wholesale banking."

"While the operating environment poses certain challenges, our performance reflects the underlying resilience of our business and the strength of our strategic direction. We remain focused on prudent risk management, operational efficiency, and delivering long-term value for our customers and stakeholders," Sengupta added.

Bandhan Bank Q1 results: Key highlights

The bank's net revenue during Q1 FY26 was at ₹3,483 crore, down 1.4% from ₹3,533 crore in the same quarter of the previous year.

The net operating profit for the June quarter was down 14% YoY at ₹1,668 crore as against ₹1,941 crore in Q1 FY25.

As of June 30, 2025, the lender's total deposits were at ₹1.55 lakh crore, up 16% YoY as compared to ₹1.33 lakh crore in the year-ago quarter. The retail term deposits were up by 34% YoY at ₹63,661 crore, while the retail deposit to total deposit ratio stood at 68%.

Gross advances of the bank during the April-June quarter were up 6% YoY at ₹1.34 crore as compared to ₹1.26 crore in the year-ago period.

Bandhan Bank's current distribution network stands at nearly 6,350 outlets, while its total customer base is at 3.14 crore. The bank has over 73,000 employees.

Shares of Bandhan Bank, ahead of the earnings announcement, ended 0.11% up at ₹185.40 apiece on the NSE.