Description

Bandhan Bank responds to BSE/NSE query regarding a news article suggesting the bank may be put on the block, clarifying it is unaware of any such development and that the scrip price movement is market-driven.

Summary

Bandhan Bank Limited (BSE: 541153, NSE: BANDHANBNK) issued a clarification to BSE and NSE on March 09, 2026, in response to a news article published on NDTV Profit titled “Bandhan Bank May Be Put On The Block As MFI Cycle Improves: Sources.” The bank’s scrip price declined 5.9% on the same day (from Rs. 182.95 to Rs. 172.15). The bank states it is unaware of any such development, has not withheld any material information, and attributes the price movement to market conditions.

Key Points

  • News article dated March 09, 2026 on NDTV Profit suggested Bandhan Bank may be put up for sale as the MFI (Microfinance Institution) cycle improves
  • Bank’s scrip fell 5.9% on March 09, 2026, moving from Rs. 182.95 to Rs. 172.15
  • BSE and NSE sought clarification from the bank regarding the news item and price movement
  • Bank clarifies it has not received any communication regarding a potential sale and is unaware of any such development
  • Bank states it has not withheld any material/price-sensitive information from the exchanges
  • No regulatory or legal proceedings related to this matter are known to the bank
  • Disclosure is simultaneously uploaded on the bank’s website (www.bandhan.bank.in)

Regulatory Changes

No regulatory changes announced. This is a disclosure filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Bandhan Bank has confirmed ongoing compliance with Regulation 30 of SEBI LODR
  • The bank reiterates its commitment to timely disclosure of all material events and price-sensitive information to exchanges
  • No additional compliance actions are required by other market participants as a result of this circular

Important Dates

  • March 09, 2026: Date of news article publication on NDTV Profit
  • March 09, 2026: Date of 5.9% price decline in Bandhan Bank scrip
  • March 09, 2026: Date of this clarification filing (Ref. No.: BBL/SEC/225/2025-26)

Impact Assessment

The clarification is a standard regulatory response with no confirmation of any merger, acquisition, or sale activity. The bank explicitly denies knowledge of any such development, which may provide some reassurance to investors. However, the 5.9% intraday price decline reflects market sensitivity to the news. The bank’s denial does not preclude the possibility of future developments, and investors should monitor subsequent disclosures. No immediate operational or trading restrictions result from this filing.

Impact Justification

Routine regulatory clarification under SEBI LODR Regulation 30 in response to exchange query on a significant price movement (-5.9%); bank denies awareness of any sale negotiations, limiting broader market impact.