Bandhan Bank on October 27, 2026, denied reports of acquisition-related discussions with First Abu Dhabi Bank, saying it was not involved in any such talks or proposal.

Key Takeaways

  • The Indian lender called its reference in a news report factually incorrect.
  • Bandhan shares were quoted at ₹154.50, up 2.32%, at 1:26 p.m.
  • The bank had lowered its FY27 return-on-assets and loan-growth guidance in July.

Bandhan Bank rejects reported acquisition proposal

The bank said it categorically denied speculation about acquisition-related discussions or a proposal involving Bandhan Bank and First Abu Dhabi Bank. Its statement did not announce an agreement or transaction.

The share-price quotation was an intraday snapshot, not a closing price. The available information does not establish what drove the movement.

Earlier guidance and lending business

When announcing its June-quarter results in July, Bandhan lowered its FY27 return-on-assets guidance and moved its loan-growth guidance to the lower end of the previously projected 14%–15% range. The guidance reflects expectations, not completed full-year results.

The outlook changes followed elevated technology costs, a moderated net interest margin outlook and concerns about asset-quality risks. Analysts Anuj Singla and Harsh Wardhan Modi of JPMorgan said the bank described the growth cut as pre-emptive and retained credit-cost guidance of 1.6%–1.8%.

Bandhan began as a microfinance lender in 2001 and became a private-sector bank in August 2015. Its microfinance loan book was ₹35,000 crore as of June 30.

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