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Bandhan Bank

NSEI:BANDHANBNK
Snowflake Description

Exceptional growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BANDHANBNK
NSEI
₹587B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Bandhan Bank Limited offers commercial banking services in India. The last earnings update was 68 days ago. More info.


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BANDHANBNK Share Price and Events
7 Day Returns
-5.7%
NSEI:BANDHANBNK
4.6%
IN Banks
1.2%
IN Market
1 Year Returns
-
NSEI:BANDHANBNK
14.6%
IN Banks
2.3%
IN Market
BANDHANBNK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bandhan Bank (BANDHANBNK) -5.7% 4.1% -11.5% - - -
IN Banks 4.6% 10.7% 6.5% 14.6% 57.7% 78%
IN Market 1.2% 7.8% 2.2% 2.3% 43.7% 81.1%
1 Year Return vs Industry and Market
  • No trading data on BANDHANBNK.
  • No trading data on BANDHANBNK.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

BANDHANBNK Value

 Is Bandhan Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bandhan Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bandhan Bank.

NSEI:BANDHANBNK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= ₹108.59 * 19.3%
₹21.00
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. ₹108.59
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BANDHANBNK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.602 (1 + (1- 35%) (2.42%))
0.739
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:BANDHANBNK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bandhan Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:BANDHANBNK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.3% – 14.43%) * ₹108.59)
₹5.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹5.33 / (14.43% - 7.55%)
₹77.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹108.59 + ₹77.50
₹186.09
NSEI:BANDHANBNK Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹186.09
Current discount Discount to share price of ₹492.40
= -1 x (₹492.40 - ₹186.09) / ₹186.09
-164.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bandhan Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bandhan Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bandhan Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BANDHANBNK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹14.42
NSEI:BANDHANBNK Share Price ** NSEI (2019-03-18) in INR ₹492.4
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 21.01x
India Market PE Ratio Median Figure of 2,728 Publicly-Listed Companies 16.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bandhan Bank.

NSEI:BANDHANBNK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:BANDHANBNK Share Price ÷ EPS (both in INR)

= 492.4 ÷ 14.42

34.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bandhan Bank is overvalued based on earnings compared to the IN Banks industry average.
  • Bandhan Bank is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Bandhan Bank's expected growth come at a high price?
Raw Data
NSEI:BANDHANBNK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
27.9%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.88x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

NSEI:BANDHANBNK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.14x ÷ 27.9%

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bandhan Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bandhan Bank's assets?
Raw Data
NSEI:BANDHANBNK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹85.61
NSEI:BANDHANBNK Share Price * NSEI (2019-03-18) in INR ₹492.4
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 1.11x
NSEI:BANDHANBNK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:BANDHANBNK Share Price ÷ Book Value per Share (both in INR)

= 492.4 ÷ 85.61

5.75x

* Primary Listing of Bandhan Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bandhan Bank is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess Bandhan Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bandhan Bank has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BANDHANBNK Future Performance

 How is Bandhan Bank expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bandhan Bank expected to grow at an attractive rate?
  • Bandhan Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bandhan Bank's earnings growth is expected to exceed the India market average.
  • Bandhan Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BANDHANBNK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BANDHANBNK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 27.9%
NSEI:BANDHANBNK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 26.8%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 36.8%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BANDHANBNK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BANDHANBNK Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 87,118 31,129 5
2020-03-31 68,360 24,292 5
2019-03-31 53,912 18,368 8
NSEI:BANDHANBNK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 42,897 16,885
2018-09-30 40,767 16,573
2018-06-30 37,222 15,007
2018-03-31 33,642 -132,341 13,456
2017-12-31 31,892 -47,455 12,801
2017-03-31 27,265 -22,547 11,120
2016-03-31 10,294 -51,392 2,752

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bandhan Bank's earnings are expected to grow significantly at over 20% yearly.
  • Bandhan Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BANDHANBNK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Bandhan Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANDHANBNK Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 25.78 28.95 20.50 3.00
2020-03-31 20.19 22.18 17.90 3.00
2019-03-31 15.39 15.94 15.00 5.00
NSEI:BANDHANBNK Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 14.42
2018-09-30 14.45
2018-06-30 13.38
2018-03-31 12.26
2017-12-31 11.69
2017-03-31 10.15
2016-03-31 3.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bandhan Bank is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Bandhan Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bandhan Bank has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BANDHANBNK Past Performance

  How has Bandhan Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bandhan Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bandhan Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Bandhan Bank's 1-year earnings growth is less than its 5-year average (31.9% vs 42.8%)
  • Bandhan Bank's earnings growth has exceeded the IN Banks industry average in the past year (31.9% vs 3.1%).
Earnings and Revenue History
Bandhan Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bandhan Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANDHANBNK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 42,896.91 16,884.88 12,529.22
2018-09-30 40,766.75 16,572.66 11,601.23
2018-06-30 37,222.35 15,007.07 7,736.53
2018-03-31 33,642.07 13,455.57 10,135.38
2017-12-31 31,892.23 12,801.11 9,419.29
2017-03-31 27,264.78 11,119.53 7,938.78
2016-03-31 10,294.28 2,752.47 4,967.33
2015-03-31 318.12 23.04 185.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bandhan Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bandhan Bank used its assets more efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if Bandhan Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bandhan Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bandhan Bank has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BANDHANBNK Health

 How is Bandhan Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bandhan Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bandhan Bank Company Filings, last reported 2 months ago.

NSEI:BANDHANBNK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 102,075.12 14,217.49 26,151.88
2018-09-30 102,075.12 14,217.49 26,151.88
2018-06-30 93,819.47 2,850.00 28,370.67
2018-03-31 93,819.47 3,591.87 28,748.48
2017-12-31 54,041.55 18,492.25 13,058.20
2017-03-31 44,464.55 19,528.42 15,551.22
2016-03-31 33,345.03 36,915.08 24,478.94
2015-03-31 5,016.26 0.00 4,012.60
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bandhan Bank has an acceptable proportion of non-loan assets held.
  • Bandhan Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bandhan Bank are broadly funded by customer deposits.
  • Bandhan Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bandhan Bank has a low allowance for bad loans.
  • Bandhan Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bandhan Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bandhan Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BANDHANBNK Dividends

 What is Bandhan Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.2%
Current annual income from Bandhan Bank dividends. Estimated to be 0.48% next year.
If you bought ₹2,000 of Bandhan Bank shares you are expected to receive ₹4 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bandhan Bank's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Bandhan Bank's dividend is below the markets top 25% of dividend payers in India (1.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BANDHANBNK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BANDHANBNK Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 4.00 1.00
2022-03-31 3.00 1.00
2021-03-31 2.94 7.00
2020-03-31 2.26 7.00
2019-03-31 1.63 7.00
NSEI:BANDHANBNK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-24 1.000 0.198
2018-04-27 1.000 0.192

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bandhan Bank is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • Bandhan Bank is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Bandhan Bank's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Bandhan Bank's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.8x coverage).
X
Income/ dividend checks
We assess Bandhan Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bandhan Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bandhan Bank has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BANDHANBNK Management

 What is the CEO of Bandhan Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chandra Ghosh
COMPENSATION ₹23,945,824
AGE 57
TENURE AS CEO 3.7 years
CEO Bio

Mr. Chandra Shekhar Ghosh Founder of Bandhan Bank Ltd. in July 10, 2015 and has been its CEO, Director and Managing Director since July 10, 2015. Mr. Ghosh served as the Chairman of the Board and Managing Director of Bandhan Financial Services Pvt. Ltd. Mr. Ghosh served as General Manager of Recovery at UCO Bank. He has around 25 years of experience in the field of microfinance and development. This has led him to be one of the microfinance mentors. This “Senior Ashoka Fellow” is a guest lecturer and occasionally delivers lectures at institutes of high repute viz. Indian Institute of Management, Calcutta (IIMC), Indian Institute of Foreign Trade (IIFT), National Institute of Technology, Tiruchirapalli (NITT), Training Institute of Central Bank of India, State Institute of Panchayat and Rural Development (SIPARD) at Tripura, National Institute of Fashion Technology (NIFT), The Institute of Chartered Accountants of India (ICAI). Mr. Ghosh has been the Panelist at some National and International forums and has also made presentations at various conferences held in China, Brazil, Nepal, France, Brussels, Bali, Marseilles and the like. Mr. Ghosh serves as a Director of Bandhan Financial Services Private Ltd. He is also one of the Committee Members of the Core Team that Small Industries Development Bank of India (SIDBI) has formed for its Partner MFIs to advice in the policy making process. He is on the Board of READ India and also occupies an Advisory Board seat in other MFIs. Mr. Ghosh holds a Master Degree in Statistics.

CEO Compensation
  • Insufficient data for Chandra to compare compensation growth.
  • Chandra's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Bandhan Bank management team in years:

2.9
Average Tenure
49
Average Age
  • The tenure for the Bandhan Bank management team is about average.
Management Team

Chandra Ghosh

TITLE
Founder
COMPENSATION
₹24M
AGE
57
TENURE
3.7 yrs

Sunil Samdani

TITLE
Chief Financial Officer
AGE
43
TENURE
2.9 yrs

Vijaykumar Ramakrishna

TITLE
Chief Information officer
AGE
45

Subhro Gupta

TITLE
Chief Audit Executive
AGE
58

Indranil Banerjee

TITLE
Company Secretary & Compliance Officer
TENURE
2.9 yrs

Ronti Kar

TITLE
Head of IT Applications
AGE
50

Hiren Shah

TITLE
Senior VP & Head of Investor Relations
AGE
38

Mahendra Gupta

TITLE
Head of Legal

Sourav Kar

TITLE
Chief Compliance Officer

Santanu Banerjee

TITLE
Head of Human Resources
AGE
49
Board of Directors Tenure

Average tenure and age of the Bandhan Bank board of directors in years:

3.7
Average Tenure
57
Average Age
  • The tenure for the Bandhan Bank board of directors is about average.
Board of Directors

Anup Sinha

TITLE
Part-time Chairman
TENURE
0.2 yrs

Chandra Ghosh

TITLE
Founder
COMPENSATION
₹24M
AGE
57
TENURE
3.7 yrs

Chintaman Dixit

TITLE
Director
COMPENSATION
₹910K
AGE
68
TENURE
3.7 yrs

Thekedathumadam Subramani Gain

TITLE
Director
COMPENSATION
₹440K
TENURE
3.6 yrs

Bhaskar Sen

TITLE
Director
COMPENSATION
₹1M
TENURE
3.9 yrs

Sisir Chakrabarti

TITLE
Director
COMPENSATION
₹1M
TENURE
4.3 yrs

Snehomoy Bhattacharya

TITLE
Director
COMPENSATION
₹950K
TENURE
3.7 yrs

Holger Michaelis

TITLE
Nominee Director
COMPENSATION
₹350K
TENURE
3.1 yrs

Ronnie Roy

TITLE
Director
COMPENSATION
₹760K
AGE
50
TENURE
2.7 yrs

Sisir Chakrabarti

TITLE
COMPENSATION
₹545K
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bandhan Bank insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. Mar 19 Buy Sudip Biswas Individual 01. Mar 19 01. Mar 19 3,500 ₹481.44 ₹1,685,040
X
Management checks
We assess Bandhan Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bandhan Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BANDHANBNK News

Simply Wall St News

Need To Know: Bandhan Bank Limited (NSE:BANDHANBNK) Insiders Have Been Buying Shares

So before you buy or sell Bandhan Bank Limited (NSE:BANDHANBNK), you may well want to know whether insiders have been buying or selling. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'. … Bandhan Bank Insider Transactions Over The Last Year

Simply Wall St -

Is Bandhan Bank Limited (NSE:BANDHANBNK) Over-Exposed To Risk?

As a small-cap bank with a market capitalisation of ₹563b, Bandhan Bank Limited’s (NSE:BANDHANBNK) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Bandhan Bank’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Bandhan Bank's a stock investment.

Simply Wall St -

Why Bandhan Bank Limited's (NSE:BANDHANBNK) High P/E Ratio Isn't Necessarily A Bad Thing

We'll look at Bandhan Bank Limited's (NSE:BANDHANBNK) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Bandhan Bank's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Three Understated Metrics For Bandhan Bank Limited (NSE:BANDHANBNK) You Should Know

As a small-cap finance stock with a market capitalisation of ₹458.8b, the risk and profitability of Bandhan Bank Limited (NSE:BANDHANBNK) are largely tied to the underlying economic growth of the region it operates in IN. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Bandhan Bank to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.

Simply Wall St -

Is Bandhan Bank Limited (NSE:BANDHANBNK) Attractive At This PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … Check out our latest analysis for Bandhan Bank

Simply Wall St -

Can Bandhan Bank Limited (NSE:BANDHANBNK) Continue To Outperform Its Industry?

With an ROE of 16.00%, Bandhan Bank Limited (NSE:BANDHANBNK) outpaced its own industry which delivered a less exciting 7.80% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … See our latest analysis for Bandhan Bank

Simply Wall St -

Can These Factors Give You An Edge In Bandhan Bank Limited (NSE:BANDHANBNK)?

As a small-cap finance stock with a market capitalisation of ₹667.08b, the risk and profitability of Bandhan Bank Limited (NSE:BANDHANBNK) are largely tied to the underlying economic growth of the region it operates in IN. … Since a bank profits from reinvesting its clients’ deposits in the form of loans, negative economic growth may lower deposit levels and demand for loan, adversely impacting its cash flow. … High liquidity and low leverage could position Bandhan Bank favourably at the face of macro headwinds.

Simply Wall St -

Bandhan Bank Limited (NSE:BANDHANBNK): Commentary On Fundamentals

Bandhan Bank Limited (NSE:BANDHANBNK) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of BANDHANBNK, it

Simply Wall St -

What Can We Expect for Bandhan Bank Limited (NSE:BANDHANBNK) Moving Forward?

Check out our latest analysis for Bandhan Bank What’s the catalyst for Bandhan Bank's sector growth? … On the stock-level, Bandhan Bank is trading at a higher PE ratio of 38.34x, making it more expensive than the average banking stock. … If Bandhan Bank has been on your watchlist for a while, now may not be the best time to enter into the stock since it is trading at a higher valuation compared to other banking companies.

Simply Wall St -

Is Bandhan Bank Limited's (NSE:BANDHANBNK) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BANDHANBNK Price per share = ₹494.3 Earnings per share = ₹11.689 ∴ Price-Earnings Ratio = ₹494.3 ÷ ₹11.689 = 42.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with BANDHANBNK, then BANDHANBNK’s P/E would naturally be higher since investors would reward BANDHANBNK’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with BANDHANBNK, BANDHANBNK’s P/E would again be higher since investors would reward BANDHANBNK’s lower risk with a higher price as well.

Simply Wall St -

BANDHANBNK Company Info

Description

Bandhan Bank Limited offers commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company offers savings and current accounts, as well as fixed deposits. It also provides retail loans, such as home loans, two wheeler loans, and loans against property and term deposits, as well as personal and gold loans; MSME loans, including business, equipment, commercial vehicle, working capital, and term loans; small enterprise loans; microloans for home-based businesses; and agriculture loans. In addition, the company invests in sovereign securities and trading operations; offers liability products, card services, Internet and mobile banking, ATM, and NRI services; and distributes third party products. Bandhan Bank operates 936 bank branches, 2,764 doorstep service centers, and 460 ATMs. The company was incorporated in 2014 and is headquartered in Kolkata, India. Bandhan Bank Limited is a subsidiary of Bandhan Financial Holdings Limited.

Details
Name: Bandhan Bank Limited
BANDHANBNK
Exchange: NSEI
Founded: 2014
₹587,473,997,802
1,193,082,855
Website: http://www.bandhanbank.com
Address: Bandhan Bank Limited
DN 32, Sector V,
Salt Lake City,
Kolkata,
West Bengal, 700091,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI BANDHANBNK Equity Shares National Stock Exchange of India IN INR 27. Mar 2018
BSE 541153 Equity Shares Mumbai Stock Exchange IN INR 27. Mar 2018
Number of employees
Current staff
Staff numbers
30,431
Bandhan Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 12:58
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/01/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.