Bandhan Bank credit ratings were reaffirmed by ICRA Limited, covering Rs 3,000 crore of certificates of deposit and Rs 75 crore of non-convertible debentures, the bank said in a BSE filing on September 25, 2026. The disclosure followed a communication from the rating agency dated the same day.

ICRA retained the [ICRA] AA- (Stable) rating on the bank's non-convertible debentures and the [ICRA] A1+ rating on its certificates of deposit. Both entries in the bank's summary of rating actions were marked as reaffirmed.

The filing therefore reported a continuation of the ratings on the two specified instruments. It did not report an upgrade or downgrade in either rating.

Instrument-wise rating action

Instrument Rated amount Rating and outlook Action
Non-convertible debentures Rs 75 crore [ICRA] AA- (Stable) Reaffirmed
Certificates of deposit Rs 3,000 crore [ICRA] A1+ Reaffirmed

The larger rated amount relates to the Rs 3,000 crore certificates of deposit. The separate debenture rating covers Rs 75 crore, with the Stable outlook explicitly attached to that rating. No separate outlook was shown against the certificates of deposit in the summary.

These figures represent the rated amounts disclosed against each instrument. The announcement presents them as part of a credit-rating update and does not describe them as fresh funds raised or proceeds from a new issue.

Exchange disclosure and rating rationale

Bandhan Bank submitted the update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter was addressed to both BSE Limited and the National Stock Exchange of India Limited, identifying the bank by BSE scrip code 541153 and NSE symbol BANDHANBNK.

The disclosure, bearing reference BBL/SEC/167/2026-27, was signed by Company Secretary Indranil Banerjee. It directed readers to ICRA's published rating rationale through a link included in the filing, rather than reproducing the agency's detailed assessment in the letter.

The bank also informed the exchanges that the disclosure was being simultaneously uploaded to its website, www.bandhan.bank.in.

Source: BSE corporate announcement.