BANDHANBNK

Bandhan Bank reported 9% YoY growth in advances in Q1 FY26 with improving asset quality. NPA ratios dropped below 2%, signaling stability. The bank is diversifying beyond microfinance into retail and housing loans. Margins remain healthy at 8.2%. At ~1.4x FY26 book value, valuations are reasonable. Bandhan offers turnaround potential as it strengthens its balance sheet and expands nationwide.