Bandhan Bank issued a formal clarification on March 09, 2026, addressing a news report suggesting the bank might be put ‘on the block’ following an improvement in the MFI cycle. The Bank explicitly stated it is unaware of any such development or negotiations. Furthermore, the management confirmed it has disclosed all price-sensitive information required and attributes the recent -5.9% share price drop to general market conditions over which it has no control.
Response to Market Rumors
In response to inquiries from the stock exchanges following a news item published on ‘https://www.ndtvprofit.com/’ on March 09, 2026, Bandhan Bank Limited provided clarity regarding market speculation.
The news item was captioned, “Bandhan Bank May Be Put On The Block As MFI Cycle Improves: Sources,” coinciding with a stock price decrease of -5.9%, moving the scrip from Rs. 182.95 to Rs 172.15 during trading on the same day.
Clarification on Negotiations
Regarding whether negotiations for a sale were taking place, the Bank provided a definitive response:
- The Bank clarifies that it is not aware of any such development.
- The Bank has not received any communication pertaining to such potential transactions.
- Consequently, the Bank is not in a position to comment on the correctness of the news item due to a complete lack of awareness of any such event.
Undisclosed Price-Sensitive Information
When asked if there was any undisclosed information that could explain the trading movement, the Bank affirmed its commitment to transparency:
The Bank informed the Exchanges that it has consistently furnished/intimated all necessary events and information bearing on its operation and performance, including all price-sensitive information, as mandated by regulatory requirements. The Bank confirmed that it has neither withheld disclosure of any material information/event nor is there any impending announcement that could influence the price or volume behavior of its scrip.
Market Driven Price Movement
The management concluded that the decrease and movement in the Bank’s scrip price are purely due to market conditions and are apparently market driven, emphasizing that the Bank has no control over these external factors.
Regulatory and Legal Proceedings
Concerning any ongoing regulatory or legal proceedings related to this matter, the Bank confirmed that it is unaware of any such proceedings in this regard.
The Bank reiterated its commitment to regulatory compliance and confirmed that this disclosure is being simultaneously uploaded on its official website, www.bandhan.bank.in, for public record.
Source: BSE
