Highlights:

• Loans and advances increased 10% YoY to ₹145,227 crore, with a 3.7% QoQ rise.
• Retail deposits, including CASA, grew 17.2% YoY to ₹113,420 crore, while CASA ratio declined to 27.26%.
• Broker ratings were mixed: Jefferies – Buy (₹175), Motilal Oswal – Neutral (₹175), Ambit – Sell (₹130), Edelweiss – Reduce (₹133).

Bandhan Bank (NSE:BANDHANBNK) has drawn varied responses from market analysts following its quarterly update. Jefferies has issued a buy rating with a target price of ₹175, suggesting confidence in the bank’s retail growth and loan book expansion. Motilal Oswal Securities Limited assigned a neutral rating, also with a target price of ₹175. On the other hand, Ambit Capital Pvt Ltd issued a sell rating with a target price of ₹130, while Edelweiss Capital Limited recommended reduce, targeting ₹133. The range of ratings highlights differing views on the bank’s valuation and outlook amid changing macroeconomic and sector dynamics.

Loan and Deposit Growth

For the quarter ended December 31, 2025, Bandhan Bank reported total loans and advances of ₹145,227 crore, a 10% increase year-on-year and a 3.7% rise quarter-on-quarter. Retail deposits, including CASA, grew 17.2% YoY to ₹113,420 crore, supported by a 4.1% increase in retail term deposits to ₹70,690 crore. However, CASA deposits declined to ₹42,730 crore, down 4.5% YoY and 3.3% QoQ, reflecting a shift in deposit mix toward term accounts. Bulk deposits also fell 5.8% QoQ to ₹43,303 crore, lowering their share of total term deposits to 37.99%.

The bank’s retail deposits now represent 72.37% of total deposits, up from 70.93% in September 2025. Meanwhile, the CASA ratio stood at 27.26%, showing a continued downward trend from 31.73% a year earlier. The bank reported a Liquidity Coverage Ratio (LCR) of approximately 149.14% as of December 31, 2025.

Operational Highlights and Performance Metrics

Bandhan Bank’s quarterly update reflects continued focus on retail expansion and diversification of the deposit base. While CASA contributions have moderated, the growth in retail term deposits and overall loan portfolio can be interpreted as the bank’s strategic shift toward higher-margin assets.

Bandhan Bank’s Shares were trading at ₹150.48 per share at the time of writing on 23 January 2026, reflecting intraday gain of 5.63%.

Meta Details: 

• Meta Title: Bandhan Bank Q3 2025 Results: Loans Grow 10%, Mixed Broker Ratings
• Meta Description: Bandhan Bank reports Q3 2025 loans of ₹145,227 crore and retail deposit growth of 17.2% YoY. Brokers give mixed ratings: buy, neutral, sell, and reduce.
• Keywords: Bandhan Bank, ASX: BANDHAN, Q3 2025 results, loans growth, retail deposits, CASA ratio, broker ratings, Jefferies, Motilal Oswal, Ambit, Edelweiss, Indian banks, deposit trends

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2026 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.