Bandhan Bk board OKs INR-69-bln asset sale from NPA, written-off portfolio
This story was originally published at 21:00 IST on 27 November 2025
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--Bandhan Bk: Borad OKs auction of INR 37.20 bln of written-off loan portfolio
--Bandhan Bk:Board OKs sale of INR 32.12 bln NPA portfolio due over 180 days
NEW DELHI – Bandhan Bank's board Thursday approved the sale of INR 32.12 billion of non-performing assets due over 180 days as of Sept. 30 and principal outstanding of INR 37.20 billion from the written-off loan portfolio, the bank said in an exchange filing. Taking the total sale value to INR 69.32 billion.
The bank's board met Thursday to discuss the matter. These loan portfolios belong to emerging entrepreneurs business, including group loans, and small business and agri loans, and the aspiring business group of the bank, the exchange filing mentioned.
The bank will undertake the NPA portfolio sale through the Swiss Challenge method, and the written-off portfolio sale through auction. The board's decision comes after Bandhan Bank's net profit for Jul–Sept registered the worst on-year fall in six quarters due to a near-doubling in provisions.
The Kolkata-based bank's net profit fell 88% on year to INR 1.12 billion in the September quarter as provisions jumped 90% on year to INR 11.53 billion. The asset quality had worsened in the September quarter with gross non-performing asset ratio rising to 5.02% as of Sept. 30, from 4.68% a year ago and 4.96% a quarter ago. The net NPA ratio was 1.37% as of Sept. 30 against 1.29% a year ago and 1.36% a quarter ago. Shares of the bank had ended 1% lower Thursday at INR 149.64 on the National Stock Exchange. End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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