Bandhan Bank is a unique private sector bank with deep roots in microfinance, having evolved from India’s largest NBFC-MFI before receiving a universal banking license in 2014. Headquartered in Kolkata and led by founder MD & CEO Mr. Chandra Sekhar Ghosh, the bank serves underbanked segments across rural and semi-urban India while expanding into general banking. As of January 2026, Bandhan Bank has stabilized after past asset quality challenges and is showing renewed earnings momentum. This article provides a data-driven outlook on the Bandhan Bank share price target 2026–2030.
Bandhan Bank: Company Overview
- Founded: 2014 (as a bank); microfinance operations since 2006
- Managing Director: Mr. Chandra Sekhar Ghosh
- NSE Symbol: BANDHANBNK
- Business Segments: Micro Banking, Retail Banking, SME Lending, Treasury
- Market Position: Among India’s fastest-growing niche private banks with strong rural penetration
Bandhan Bank operates over 5,800 branches, with ~80% in rural/semi-urban areas. Its microfinance legacy gives it a differentiated customer base, though it faces higher operational costs and credit risk compared to urban-focused peers.
Bandhan Bank: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹145.20 |
| Market Capitalization | ₹23,423.52 Cr |
| No. of Shares Outstanding | 161.10 Cr |
| 52-Week High / Low | ₹215 / ₹128 |
| P/E Ratio (TTM) | 19.07 |
| P/B Ratio | 0.95 |
| EPS (TTM) | ₹7.62 |
| Book Value (TTM) | ₹152.59 |
| ROE | 11.96% |
| ROCE | 12.34% |
| Dividend Yield | 1.03% |
| Face Value | ₹10 |
| Net Interest Income | ₹11,490.58 Cr |
| Cost-to-Income Ratio | 48.89% |
| Capital Adequacy Ratio (CAR) | 18.71% |
| Profit Growth (YoY) | 23.13% |
| CASA % | 31.37% |
Bandhan Bank Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹152 – ₹170 |
| 2027 | ₹162 – ₹185 |
| 2028 | ₹172 – ₹200 |
| 2029 | ₹182 – ₹220 |
| 2030 | ₹192 – ₹240 |
Bandhan Bank Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹152 | ₹170 |
Bandhan Bank reported 23.13% YoY profit growth in FY2025, supported by improved asset quality (Gross NPA down to ~4.2%) and stable provisioning. Trading at a P/B of 0.95x—below book value—and P/E of 19x, the stock appears fairly valued for a bank with 12% ROE. A 2026 target range of ₹152–₹170 assumes continued credit discipline and no major slippages in its micro portfolio.
Bandhan Bank Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹162 | ₹185 |
If the bank sustains its cost-to-income ratio near 49% and expands its retail loan book beyond microfinance, earnings could grow at 15–18% annually. Assuming EPS reaches ₹8.50–₹9.20 by FY27 and P/E stabilizes at 19–20x, the 2027 target range of ₹162–₹185 is justified.
Bandhan Bank Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹172 | ₹200 |
By 2028, benefits from digital adoption, branch rationalization, and cross-selling should reflect in margins. With ROCE of 12.34%—higher than ROE—the bank efficiently deploys capital. A P/E of 20–21x on projected EPS of ₹9.00–₹9.80 supports the ₹172–₹200 band.
Bandhan Bank Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹182 | ₹220 |
Long-term tailwinds include financial inclusion and rising credit demand in rural India. However, competition from SFBs and PSU banks caps pricing power. If ROE holds above 11.5% and dividends resume consistently, investor sentiment could improve. Using a P/E of 20–22x on FY29 EPS (~₹9.50–₹10.20), the 2029 target is ₹182–₹220.
Bandhan Bank Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹192 | ₹240 |
Over a five-year horizon, Bandhan Bank’s niche focus offers moderate growth with manageable risk. A terminal P/E of 21–22x on FY30 EPS (~₹9.80–₹10.90) justifies the ₹192–₹240 range. Upside depends on sustained execution; downside is limited by current valuation and strong capital buffers.
Bandhan Bank: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 40.29% |
| Foreign Institutional Investors (FII) | 23.44% |
| Domestic Institutional Investors (DII) | 17.88% |
| Public & Others | 18.40% |
Promoter holding remains significant, reflecting founder control. Institutional ownership (41.32%) ensures liquidity and analyst coverage.
Bandhan Bank: Strengths vs Risks
Strengths:
- Strong rural franchise with 5,800+ branches
- Healthy capital buffer (CAR: 18.71%), well above RBI minimum
- Consistent ROE (~12%) and improving asset quality
- Trading below book value (P/B: 0.95)—rare among profitable private banks
Risks:
- Higher operational costs due to rural focus (Cost-to-Income: 48.89%)
- Exposure to monsoon-linked repayment cycles in microfinance
- Contingent liabilities of ₹16,769 Cr require monitoring
- Limited brand recognition in urban markets
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than large-cap private banks |
| Dividend/Income Potential | Low (1.03% yield), but consistent payouts |
| Best For | Investors seeking exposure to financial inclusion with growth potential |
FAQs
Is Bandhan Bank a good buy?
Yes—for long-term portfolios focused on India’s financial inclusion story. At a P/B of 0.95x and an ROE of 11.96%, it offers reasonable value. However, it suits only investors comfortable with rural credit risk and higher volatility.
Which bank is better, IDFC or Bandhan Bank?
Bandhan Bank: Stronger rural franchise, better asset quality, lower P/B (0.95 vs 1.44)
IDFC First: Larger scale, urban presence, but weaker profitability (ROE: 4.2% vs 12%)
Bandhan is better for stability; IDFC for speculative recovery.
What is the target of Bandhan Bank’s share?
Using a 1.1–1.2x P/B multiple on FY26 book value (~₹160–₹165), fair value ranges between ₹175–₹200 by end-2026—aligning with our upside target.
Final Verdict
Bandhan Bank has transitioned successfully from an MFI to a diversified private bank. While it lacks the scale of HDFC or ICICI, its rural moat, capital strength, and improving returns make it a credible long-term holding.
Our Bandhan Bank share price target 2026–2030 (₹152 to ₹240) reflects steady earnings growth, moderate multiple expansion, and sustained investor confidence. It won’t deliver explosive gains, but offers reliable compounding for those betting on India’s next wave of credit expansion.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Bandhan Bank Consolidated Page (FY2025 + TTM)
- Finology Ticker – BANDHANBNK Financials & Analysis
- Groww.in – Bandhan Bank Stock Profile
- Bandhan Bank Investor Presentation (Q3 FY26, Jan 2026)
- RBI Guidelines on Capital Adequacy and Asset Classification
