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  5. Bandhan Bank shares jump 9% amid stake acquisition buzz; here's what the bank said

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Bandhan Bank shares jump 9% amid stake acquisition buzz; here's what the bank said

image Ahana Chatterjee
By Ahana Chatterjee

3 min read | Updated on October 13, 2026, 14:51 IST

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SUMMARY

From the beginning of the year, Bandhan Bank shares have jumped 18.7%. Over a month’s time, the stock has fallen 1%, while it has surged 2% in the past six months.

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BANDHANBNK
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In Q1 FY27, Bandhan Bank posted a 35% year-on-year growth in net profit at ₹501.66 crore. Image: Shutterstock

Bandhan Bank shares rallied 9% to touch an intraday high of ₹171.68 apiece on Tuesday, October 13, amid reports that IHC is to buy a stake in the private sector lender.
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Citing people with knowledge on the matter, The Economic Times reported that IHC, the investment company of Abu Dhabi’s national security adviser and deputy ruler Sheikh Tahnoon bin Zayed al-Nahyan, is among those in early-stage discussions to buy into the promoter of Bandhan Bank, Bandhan Financial Services (BFSL), which owns a little more than a third of the private lender.

However, the bank later clarified the development. “In this context, the Bank clarifies that it is not aware of any such development, and the Bank has not received any communication in this regard,” Bandhan Bank said.

It further added that since the bank is unaware of any such development, it is not in the position to comment on the correctness of the news item. The private sector lender also said that there is no material impact of this article on the bank.

Also read: HCLTech zooms 8%, TCS, Infosys rally too; Nifty IT jumps 5%: What’s driving IT stocks higher?

Bandhan Bank Q1 FY27 results

Bandhan Bank posted a 35% year-on-year growth in net profit after tax (PAT) at ₹501.66 crore in the April to June quarter of the financial year 2026-27, compared with ₹371.96 crore in the same period a year earlier.

The bank’s interest income advanced 2.8% to ₹5,630.55 crore in the first quarter of the current fiscal year, compared to ₹5,475.61 crore in the same quarter of the previous year.

The net profits for the June quarter were further aided by the reduction in provision for bad loans in the period. A bank is likely to reduce its provision for bad loans if the firm estimates the non-performing assets (NPA) to reduce in the upcoming period.

Bandhan Bank’s provisions declined 40% YoY to ₹682.58 crore in the April to June quarter, compared with ₹1,146.90 crore in the corresponding quarter of the previous financial year, as per the financial statements.

The bank’s gross non-performing assets (NPA) percentage declined by 181 basis points to 3.15% in the June quarter, compared to 4.96% in the same quarter of the previous financial year.

Bandhan Bank share price trends

At 2:40 PM, Bandhan Bank shares were trading at ₹170.29 apiece on the National Stock Exchange, gaining 8.12%.

From the beginning of the year, Bandhan Bank shares have jumped 18.7%. Over a month’s time, the stock has fallen 1%, while it has surged 2% in the past six months.

Also read: Polycab India shares decline 5% as NSE removes stock from F&O segment; details here

Shares of the firm had hit a 52-week high of ₹220.76 on July 15, 2026, and a 52-week low of ₹134.25 on December 9, 2026.

Bandhan Bank has a total market capitalisation of ₹27,449.12 crore as of October 13, 2026, according to data on the NSE.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

image Ahana Chatterjee
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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