Bandhan Bank has issued a clarification regarding a news item on its share price increase and the launch of its credit card portfolio. The bank confirmed the launch of its credit card offering in collaboration with Mastercard on September 7, 2026. This initiative is part of strengthening customer-centric products and is considered in the ordinary course of business. The bank stated that the share price movement of 4.62% on September 8, 2026, was purely market-driven.
Response to Market Activity
Bandhan Bank Limited has provided a clarification to the BSE Limited and the National Stock Exchange of India Limited concerning a news report published on September 8, 2026. The report, titled “Bandhan Bank shares rise up to 4% as lender unveils four new credit cards,” discussed an increase in the bank’s share price from Rs. 164.50 to Rs. 172.10, a rise of 4.62%.
Credit Card Portfolio Launch
In response to inquiries, the bank confirmed the announcement of its credit card portfolio launch, in collaboration with Mastercard, on September 7, 2026. This launch is positioned as an ongoing effort to enhance its customer-centric product offerings and is undertaken as part of its ordinary banking business. Bandhan Bank stated that this product launch does not constitute a material event or information requiring disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Market Movement and Disclosure
The bank further clarified that it has not withheld any material information or event and has no impending announcements that would be considered material. It understands that the increase in its share price is purely market-driven and beyond the bank’s control. The news article itself has no material impact on the company, and it does not relate to any regulatory or legal proceedings.
Bandhan Bank reaffirmed its commitment to regulatory compliance, stating that it consistently adheres to the applicable requirements under Regulation 30 of the SEBI LODR. This disclosure is simultaneously uploaded on the Bank’s official website.
Source: BSE
