CRISIL and ICRA have reaffirmed the credit ratings for Bandhan Bank’s debt instruments as of September 30, 2025. The ratings reflect the bank’s stable outlook. Specifically, the ratings for Non-Convertible Debentures and Certificates of Deposit have been maintained. These ratings indicate continued confidence in Bandhan Bank’s financial stability and creditworthiness.
Credit Ratings Reaffirmed
Bandhan Bank announced that both CRISIL Limited and ICRA Limited have reaffirmed the credit ratings for its debt instruments. The reaffirmations, effective as of September 30, 2025, highlight the bank’s consistent financial performance and stability. The details of the rating actions are outlined below.
CRISIL Rating Actions
CRISIL has reaffirmed the following ratings for Bandhan Bank:
- Non-Convertible Debentures: CRISIL AA- / Stable on an amount of ₹1,295 Crore
- Certificates of Deposit: CRISIL A1+ on an amount of ₹6,000 Crore
The rating rationale published by CRISIL is available at this link.
ICRA Rating Actions
ICRA has also reaffirmed the following ratings for Bandhan Bank:
- Non-Convertible Debentures: [ICRA] AA- (Stable) on an amount of ₹75 Crore
- Certificates of Deposit: [ICRA] A1+ on an amount of ₹3,000 Crore
The rating rationale published by ICRA is available at this link.
Source: BSE