Investor Presentation

Q2FY25
Oct, 2024

1
Disclaimer
• This presentation is confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Bandhan Bank Limited (also
referred to as ‘Bank’). By attending a meeting where this presentation is made, or by reading this presentation material, you agree to be bound by following limitations:
• The information in this presentation has been prepared for use in presentations by Bank for information purposes only and does not constitute, or should be regarded as, or
form part of any offer, invitation, inducement or advertisement to sell or issue, or any solicitation or any offer to purchase or subscribe for, any securities of the Company in
any jurisdiction, including the United States and India, nor shall it, or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or
any contract or commitment to purchase or subscribe for any securities of the Company in any jurisdiction, including the United States and India. This presentation does not
constitute a recommendation by the Bank or any other party to sell or buy any securities of the Bank. This presentation and its contents are not and should not be construed
as a prospectus or an offer document, including as defined under the Companies Act, 2013, to the extent notified and in force or an offer document under the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009as amended.
• The Bank may alter, modify, or otherwise change in any manner the contents of this presentation without obligation to modify any person of such change or changes. No
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(for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The
information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is
based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the
information contained in this presentation, which neither Bank nor its affiliates, advisors or representatives are under any obligation to update, revise or affirm.
• This presentation contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian GAAP, and should not
be considered as an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian GAAP or an alternative to cash flow from
operations as a measure of liquidity of the Bank. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this
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change without notice and past performance is not indicative of future results. By attending this presentation you acknowledge that you will be solely responsible for your
own assessment of the market position of the Bank and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future
performance of the Bank ’s business.
• This presentation contains forward‐looking statements based on the currently held beliefs and assumptions of the management of the Bank , which are expressed in good
faith and, in their opinion, reasonable. Forward‐looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
financial condition, performance, or achievements of the Bank or industry results, to differ materially from the results, financial condition, performance or achievements
expressed or implied by such forward‐looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties
regarding expansion plans and the benefits there from, fluctuations in our earnings, our ability to manage growth and implement strategies, competition in our business
including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, our ability to win new
contracts, changes in technology, availability of financing, our ability to successfully complete and integrate our expansion plans, liabilities, political instability and general
economic conditions affecting our industry. Unless otherwise indicated, the information contained herein is preliminary and indicative and is based on management
information, current plans and estimates. Industry and market‐related information is obtained or derived from industry publications and other sources and has not been
verified by us. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward‐looking statements.
The Bank disclaims any obligation to update these forward‐looking statements to reflect future events or developments.
• This presentation is not an offer for sale of securities in the UNITED STATES or elsewhere.
2
Key Highlights

3
 Key Highlights
All ₹ in Bn

• Loans and advances grew by 21.4% YoY (up 4% QoQ) supported by the growth in the secured loans
Total Deposits Total Loans and Advances1
• Retail book (excl. housing), Commercial Banking and Housing grew 92% YoY, 40% YoY and 17% YoY
respectively ₹ 1,425.1 ₹ 1,306.5
• Deposits grew 27.2% YoY (up 7% QoQ), higher than the advances growth. CASA + Retail Term
NIM CASA Ratio
Deposits grew 16.4% YoY (up 4.9% QoQ) and remained largely stable QoQ at 68% of deposits
• CASA deposits grew 9.5% YoY (up 6.4% QoQ) and ratio stands at 33.2% 7.4% 33.2%
• NII, at Rs 29.5 bn, grew 21% YoY (down 2% QoQ). NIM is at 7.4% vs. 7.2% in Q2FY24
ROA ROE
• PAT at Rs 9.4 bn (up 30% YoY) with a ROA of 2.1% and ROE at 15.8% for the quarter on an
annualized basis 2.1% 15.8%
• Gross slippages were at Rs 11.1 bn vs Rs 13.2 bn in Q2FY24 (8.9 bn in Q1FY25)
• Gross NPA ratio at 4.7% and Net NPA ratio at 1.3% with a PCR of 73.5% CD Ratio (Net) CRAR (incl. profit)
• Added 0.7 mn customer during the quarter with total customer base reaching 35.1 mn (EEB – 26.2
88.5% 15.6%
mn, Non EEB – 8.9 mn)

29.2%
35 650 4,594 1,703 438 79,925 35.1 mn
EEB* group
States & Districts Banking Branches ATMs Employees Customer
based loans
UTs Units

1including PTC of ₹ 1.1 bn, *Emerging Entrepreneurs Business (Erstwhile Micro Banking Unit) 4
Business & Financial Overview

5
Loans & Advances Mix
All amount in ₹ Bn.

Share of Loan Book

21.4 % Sep’24
24.7%
4.0 % Commercial Jun’24
22.3%
Banking 21.4% Sep’23
1,306.5
1,256.2 5.7%
Retail 5.0%
1,076.3 3.6%
280.7 322.2
24.2%
229.9 62.3 75.1 Housing 23.4%
39.2 25.2%
294.1 316.3
271.4 16.2%
SBAL 17.0%
16.5%

619.1 592.9 29.2%

535.8
EEB Group 32.3%
33.2%

Sep'23 Jun'24 Sep'24 Share of EEB (Group + SBAL) reduced from 49.7% on Sep’23 to 45.4% in
Sept’24
EEB Housing Retail Commercial Banking

Note: SBAL - Small Business and Agri Loans, is a part of EEB portfolio
6
Emerging Entrepreneurs Business
Emerging Entrepreneurs Asset Growth (₹ in Bn) Number of Active Borrowers (Mn)
10.6 %

-4.2 %
13.8 13.9 13.8
619.1
592.9

535.8 Sep'23 Jun'24 Sep'24

214.0
211.6 EEB Loan Disbursement (₹ in Bn)
178.0
169.3
137.2
46.8 124.5

39.0
38.8
405.1
381.3
357.8
122.5
98.2 85.7

Sep'23 Jun'24 Sep'24 Q2FY24 Q1FY25 Q2FY25

7
EEB Group SBAL EEB Group SBAL
Housing Finance
Housing Asset Housing
HousingAsset
Asset
Bifurcation (₹ in Bn) Borrowers Bifurcation – Sep’24 Segment
Segmentwise
wise(in
(in%)
%)
2.5%
16.6 %

7.5 % 40.3%
57.2% 0.9% 0.7% 0.6%
5.6% 3.7%
6.6%
316.3
294.1 14.4% 16.3%
1.9 16.2%
271.4
2.2 20.8
2.4 10.8 Salaried Self Employed Professionals
15.3 51.4
47.9
39.2
Housing Asset Disbursements (₹ in Bn)

Q2FY25 22.8 79.0% 79.3% 76.6%

233.2 242.3
214.5
Q1FY25 20.8

Q2FY24 15.8

Sep'23 Jun'24 Sep'24 Sep'23 Jun'24 Sep'24

IBPC purchase is excluded from disbursement for all reported quarters
8
Housing LAP IBPC Construction Housing LAP IBPC Construction
Commercial Banking (CB)
All amount in ₹ Bn.

Product wise CB Assets (₹ in Bn ) NBFC Portfolio: 93% in ‘A-’ and above

category as per external rating
40.2 %
A A- Others AAA AA+
8% 4% 7% 4% 22%
14.8 %

322.2
A+
280.7 11.6 15%

9.3 51.7 AA
229.9
13.1 AA- 18%
53.6
3.3 22% * Incl DA
10.6
55.5 89.6
6.7 68.7 MMG Portfolio: 93% in ‘BBB-’ and
49.6
above category as per external rating
Unrated &
156.3 Others
138.6
114.8 7%
BBB- to
BBB+
24%
Sep'23 Jun'24 Sep'24 A- &
NBFC MMG BBG SEL Others Above
69%
9
MMG – Mid Market Group; BBG – Business Banking Group; SEL – Small Enterprise Loan
Retail Assets
All amount in ₹ Bn.

Retail Asset
Product wise Retail Assets (₹ in Bn ) Segment wise (in %)
91.6 % 0.9%
4.5% 5.0%
24.3% 16.2% 17.0%
20.6 %
20.2% 19.9%
20.6%
75.1 24.4% 22.6%
29.2%
3.8
62.3 34.7% 35.6%
12.7 24.9%
2.8
10.1 Sep'23 Jun'24 Sep'24
14.9 Vehicle Personal Gold TD-OD Others
39.2
12.6
0.4 Retail Disbursements (₹ in Bn)
9.5 16.9
15.2
8.1

11.5
16.9 17.0
26.7
21.6
7.9
9.8

Sep'23 Jun'24 Sep'24 Q2FY24 Q1FY25 Q2FY25

10
Vehicle Personal Gold TD-OD Others
Geographical Distribution of Loans & Advances
Share of Loans & Advances by States
Share of Loans & Advances by Region
39% 41% 41%

8% 7% 7%
20% 20% 20% 8% 8% 8%
8% 8% 8%
12% 12% 13%
12% 13% 25% 24% 23%
14%
8% 9% Sep'23 Jun'24 Sep'24
9%
West Bengal Maharashtra Bihar Gujarat MP Others
17% 16% 16%
6%
Category wise Distribution of Loans & Advances
5% 5%
Rural As on 30th Sep’24
15%
Metro
37% 37% 36% 35%
Semi Urban
18%

Sep'23 Jun'24 Sep'24

Eastern North Eastern Central Northern Southern Western

Urban
11
32%
Liabilities Profile
Deposits (₹ in Bn) CASA + Retail TD to Total Deposits (%)
27.2 %
7.0 %
74% 69% 68%

1,425.1
1,332.1
Sep'23 Jun'24 Sep'24
1,120.8
459.1 CASA (%)
411.0
291.0
38.5%
33.4% 33.2%
476.5 493.2
397.8
Sep'23 Jun'24 Sep'24

369.1 383.1 408.5 Average SA Balance (₹ in 000’)

62.9 61.5 64.3 1.9 1.9
2.1
Sep'23 Jun'24 Sep'24
CA SA TD Retail TD Others 54.3 49.3 51.3

EEB deposits contribute to ~3% of Total deposit as on Sep’24 Sep'23 Jun'24 Sep'24
General Banking EEB 12
Geographical Distribution of Deposit
Share of Deposits by States

Share of Deposits by Region 37% 36% 36%

10% 13% 14% 3% 4% 4%

4% 5% 4%
5% 6% 5%
10% 7% 10% 11%
8% 8%
11%
14% 13%
44% 39% 40%
10%
11% 11%
5%
4% 4%
Sep'23 Jun'24 Sep'24
West Bengal Maharashtra Uttar Pradesh NCT of Delhi Odisha Others

54% 50% 50%

Category wise distribution of Deposit
Rural As on 30th Sep’24
9%

Semi-Urban Metro
13% 40%
Sep'23 Jun'24 Sep'24

Eastern North Eastern Central Northern Southern Western

Urban 13
38%
Geographical Distribution of Banking Outlets
Focus on serving the rural & underbanked population
Banking Outlets Banking Outlets as on 30th Sep’24
Metro, 11%
Rural, 34%

1.3 % Urban, 18%

6,219 6,297 6,297

Semi-Urban,
1,621 1,700 1,703 37%

Share of Banking Outlets by Region

Sep'24 45% 10% 16% 7% 11% 11%
4,598 4,597 4,594
Jun'24 45% 10% 16% 7% 11% 11%

Sep'23 46% 10% 17% 7% 10% 10%

Sep'23 Jun'24 Sep'24

Banking Units Branches Eastern North Eastern Central Northern Southern Western
14
Asset Quality

15
 EEB Collection Efficiency

Top states Collection Efficiency for the Month Collection Efficiency for the Quarter

States For Jun’24 For Sep’24 For Q1FY25 For Q2FY25 Excluding Arrears Excluding Arrears

110.3%
109.1%
98.7%
98.1%
95.8%
West Bengal 99.1% 99.0% 99.1% 99.0%

94.5%
109.5%
109.4%
98.5%
97.8%
95.5%
94.5%
Assam 99.0% 99.2% 99.1% 99.2%

Rest of India 97.9% 96.9% 98.2% 97.2%

Total 98.5% 97.8% 98.7% 98.1%

Including NPA Excluding NPA Including arrears Including NPA Excluding NPA Including Arrears
Jun'24 Sep'24 Q1FY25 Q2FY25

Customer Paying Profile

For the month of Jun’24 For the month of Sep’24
Category
Share of customers Share of receivables Share of customers Share of receivables
Full Paying 97.6% 97.7% 96.3% 96.4%
Partial Paying 1.6% 1.6% 2.3% 2.4%
Non Paying 0.8% 0.7% 1.4% 1.2%
Total 100% 100% 100% 100%
16
* Top States and Paying profile excludes NPA EEB = Group Loan and Small Business and Agri Loans
EEB DPD movement
All amount in ₹ Bn.

SMA 0 SMA 1

₹ 9.6 bn;
1.8 % ₹ 8.8 bn; ₹ 6.1 bn;
₹ 5.8 bn; 1.5 % 1.1 % ₹ 5.6 bn;
2.3% 0.9 % ₹ 4.2 bn; 0.9 %
2.0% 0.7 % Rest of India
1.1% 1.5% 1.2%
0.9% 0.8%
0.9% 0.7% 0.4% 0.5%
1.1% 0.8% 0.5%
0.7% 0.8% 0.4% 0.6% Assam
Sep'23 Jun'24 Sep'24 Sep'23 Jun'24 Sep'24

West Bengal
SMA 2 NPA
₹ 56.2 bn;
10.4 % Overall EEB

6.4%

₹ 6.9 bn; ₹ 42.6 bn;

₹ 36.2 bn;
1.3 % ₹ 4.4 bn; ₹ 5.4 bn; 32.4% 7.2 %
5.8 %
0.7 % 0.9 %
1.6% 7.3% 9.3%
0.9% 1.2%
0.3% 0.4% 12.2% 6.8% 7.1%
0.9% 0.4%
0.5% 0.6% 3.3% 3.8% 17
Sep'23 Jun'24 Sep'24 Sep'23 Jun'24 Sep'24
EEB - Stress Pool and Vintage Analysis
All amount in ₹ Bn.

EEB Book - Vintage Analysis

* % of Disbursement
EEB Stress Pool - ₹ 53.6 Bn.
Qtr Disbursement SMA1* SMA2* NPA*
42.6 Q2FY23 128 0.03% 0.07% 3.67%
Q3FY23 152 0.15% 0.28% 4.45%
Q4FY23 211 0.34% 0.51% 4.67%
5.6 0.42% 0.35% 2.23%
5.4
Q1FY24 80
Q2FY24 169 0.55% 0.52% 1.98%
Q3FY24 174 0.69% 0.62% 1.24%
NPA SMA 2 SMA 1
Q4FY24 228 0.73% 0.57% 0.60%
Q1FY25 137 0.35% 0.17% 0.06%
Q2FY25 125 0.02% 0.00% 0.00%

EEB Provisions Sep-23 Jun-24 Sep-24 QoQ % YoY %

Provision for NPA 42.6 28.4 33.7 18.8% -20.9%
Provision for Standard Assets - Normal 1.2 1.5 1.4 -5.6% 13.8%
Additional Provision for Standard Assets 5.1 5.6 5.4 -4.3% 5.9%
Total 48.9 35.5 40.5 14.1% -17.3%

18
 NPA movement
All amount in ₹ Bn.

Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25

Opening GNPA (A) 69.6 78.7 81.4 47.8 53.0
Fresh Slippages (B) 13.2 13.9 10.2 8.9 11.1
Reductions (C) :
- Recoveries & Upgrades 4.1 4.1 5.2 3.7 3.0
- Technical Write offs - - 38.5 - 0.1
NPA Sale to ARC (D) - 7.2 - - -
Closing Gross (F = A + B – C – D) 78.7 81.4 47.8 53.0 61.0
Net Increase in GNPA (excl. write off & NPA sale to ARC) 9.1 9.8 5.0 5.2 8.1

Provisions 55.1 57.0 34.4 39.1 44.9

Net NPA 23.6 24.4 13.5 13.9 16.2

Reported GNPA Ratio 7.3% 7.0% 3.8% 4.2% 4.7%

Reported NNPA Ratio 2.3% 2.2% 1.1% 1.1% 1.3%
Reported PCR 70.0% 70.0% 71.8% 73.7% 73.5%

19
Segmental NPA and Credit Cost
Segmental GNPA movement (₹ in Bn) Credit Cost

78.7
0.7
2.5% 2.4%
10.7 2.0%
1.6% 1.8%
61.0
11.1 1.6
53.0 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25
1.4 11.0
Gross NPA and Net NPA
10.0 5.8
70.0% PCR
5.4

7.3%
56.2 73.7% 73.5%
42.6
36.2 4.7%
4.2%

2.3%
1.1% 1.3%

Sep'23 Jun'24 Sep'24 Sep'23 Jun'24 Sep'24

Gross NPA Net NPA
EEB Housing Commercial Banking Retail 20
Financials

21
Financial Performance (1/2)

Net Interest Income (₹ in Bn) Operating Profit (₹ in Bn)

38.0
20.7% 31.5
15.8 19.4 18.6

Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25

20.7%

PAT (₹ in Bn)
-1.9%

59.5
49.3

30.1 29.5
24.4 20.0
14.4
10.6 9.4
7.2

Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25
22
Financial Performance (2/2)
Spread (Annualized)

13.3% 13.9% 13.7% 13.2% 13.8%

6.5% 6.8% 7.0% 6.9% 7.0% 6.7% 6.5% 6.7% 7.0% 6.8%

Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25

Yield Cost of funds (Excl Cap.) Spread

Capital Adequacy Ratio (CRAR) NIM (Annualized)

19.2 %
15.0%
1.0% 14.3%
0.9% 0.7%
20.6 %

7.2% 7.6% 7.4% 7.2% 7.5%

15.7%

15.6%

18.2%
14.1% 13.6%

Sep'23 Jun'24 Sep'24 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25

Tier I Tier II Total CRAR including Profit 23
Break up of Non-Interest Income All amount in ₹ Mn.

Details of other Income Q2FY24 Q1FY25 Q2FY25 QoQ YoY H1FY24 H1FY25 YoY

Processing Fees 2,445 1,987 1,976 -0.5% -19.2% 3,641 3,963 8.8%

Third Party Income 698 486 832 71.1% 19.1% 945 1,318 39.5%

Release of prov on redemption of SR (ARC) 933 608 601 -1.2% -35.6% 933 1,209 29.6%

Collection fees from ARC 372 144 131 -8.8% -64.7% 711 275 -61.4%

Card Charges 171 194 244 26.1% 43.3% 305 438 43.8%

Bad Debts Recovery (on write-off) 31 460 322 -30.1% - 41 781 -

Others 753 1,398 1,841 31.8% 144.4% 2,679 3,239 20.9%

Total Other Income 5,403 5,275 5,947 12.7% 10.1% 9,254 11,223 21.3%

24
Financial Performance
ROA & ROE (Annualized) Operating expenses to Average Assets (Annualized)
ROA ROE
19%
17%
3.7% 3.7% 3.8% 3.6% 3.7%
16%

14% 14%

Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25

Cost to Income Ratio

46.9% 45.1% 47.6% 46.3% 46.4%

2.5% 2.1% 2.3%
1.9% 1.9%

Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25
25
Profit & Loss Statement (In ₹ Bn)

Particulars Q2FY24 Q1FY25 Q2FY25 QoQ YoY H1FY24 H1FY25 YoY

Interest Income 44.9 55.4 55.0 -0.7% 22.4% 90.1 110.4 22.4%

Interest expenses 20.5 25.3 25.5 0.8% 24.6% 40.8 50.8 24.5%

Net Int. Income (NII) 24.4 30.1 29.5 -1.9% 20.7% 49.3 59.5 20.7%

Non Interest Income 5.4 5.3 6.0 12.7% 10.1% 9.3 11.2 21.3%

Total Income 29.8 35.3 35.4 0.3% 18.7% 58.6 70.8 20.8%

Operating Expenses 14.0 15.9 16.9 6.0% 20.6% 27.1 32.8 20.9%

Operating Profit 15.8 19.4 18.6 -4.4% 17.2% 31.5 38.0 20.7%

Provisions & Contingencies 6.4 5.2 6.1 15.9% -4.7% 12.4 11.3 -8.8%

Profit before tax 9.5 14.2 12.5 -11.9% 31.9% 19.1 26.7 39.8%

Tax 2.3 3.6 3.1 -12.1% 38.0% 4.7 6.7 43.1%

Profit after tax 7.2 10.6 9.4 -11.9% 29.9% 14.4 20.0 38.7%

26
Balance Sheet (In ₹ Bn)
Capital & Liabilities 31st Mar’24 30th Sep’24 % Change
Capital 16.1 16.1 0.0%
Employees stock options outstanding 0.4 0.6 44.5%
Reserves & Surplus 199.5 220.4 10.5%
Shareholder Funds 216.1 237.1 9.7%
Deposits 1,352.0 1,425.1 5.4%
Borrowings 163.7 83.1 -49.3%
Other liabilities and provisions 46.6 52.4 12.4%
Total 1,778.4 1,797.7 1.1%

Assets 31st Mar’24 30th Sep’24 % Change

Cash and balances with Reserve Bank of India 153.9 101.6 -34.0%
Balance with Banks and Money at call and short notice 7.8 11.8 51.8%
Investments 292.9 308.5 5.3%
Advances 1,211.4 1,260.6 4.1%
Fixed Assets 11.7 11.7 -0.2%
Other Assets 100.7 103.5 2.8%
Total 1,778.4 1,797.7 1.1%
27
Credit Rating

Rating of Bank’s Financial Securities

Amount
Instrument Rating Rating Agency
(₹ in Bn)
RR1+ 0.28
Security Receipts w.r.t portfolio sale to ARC RR1 CRISIL 1.56
RR2 1.82
[ICRA]AA- (Stable) ICRA
Non-Convertible Debenture # 12.95**
CRISIL AA-/Stable CRISIL
CRISIL A1+ CRISIL
Certificate of Deposit 60.00*
[ICRA] A1+ ICRA

*Rating of ICRA is for ₹ 30 bn only, **Rating of ICRA is for ₹ 0.75 bn only

#erstwhile GRUH Finance Limited transferred to Bandhan Bank Ltd.

28
Digital Offering and Indices

29
Traction evident on key digital indices

96% 88% 85% 52%

of retail transactions Saving Accounts MF application RD volume
are digital opened digitally # sourced digitally booked digitally

28%* 75%* 49% * 53%*

growth in digital Growth in Login growth in digital growth in UPI
registration In Corporate Internet Banking transaction volume transactions

Indices pertaining to Q2FY25; *YOY Q2 growth ; # Through Tab Assisted and DIY 30
Bandhan Bank is now live for collection of GST through GST Portal

Get instant
confirmation of GST
payment and
Return back to the
download payment GST portal after
receipt successful
payment
Available in both Retail
Internet Banking and Confirm & make the
Corporate Internet payment via Bandhan
Banking Bank Internet Banking
Pay GST post 2 FA authentication
anytime
anywhere Choose Bandhan
Bank Retail or
Corporate Internet
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history & make
payment post 2 FA Log into the GST portal
authentication and initiate Tax
payment post challan
creation

31
Our Board & Management

32
Strong Independent Board
Board of Directors
Dr. Anup Kumar Sinha Ratan Kumar Kesh Rajinder Kumar Babbar
Non-executive (Independent) Chairman Managing Director & CEO (Interim) Executive Director & Chief Business Officer
- Has around three decades of experience across industries in - Has more than three decades of experience in banking sector
- Economist with Ph.D from University of Southern in various leadership roles
California, served as Professor of Economics at IIM Calcutta leadership roles in multiple domains - Operations,
for 25 years Technology, Transaction Banking, Product, Affluent Banking, - Has been with HDFC Bank for more than 23 years, successfully
Operations Risk, Enterprise Governance, Intelligent led large teams across Transportation and Infrastructure Finance,
- He has also served on the Board of NABARD. Automation, Digital, Cx and Organisation Transformation. Rural Banking and Retail Liabilities

Dr. A S Ramasastri Arun Kumar Singh

Independent Director Dr. Aparajita Mitra RBI Additional Director
Independent Director - was appointed by RBI as an additional director on the Board of the
- Former Director of Institute for Development & Research Bank w.e.f June 24, 2024, for a period of one year.
of Banking Technology (IDRBT); - Doctorate in Agriculture, having extensive experience and - Having a wide and rich experience of working in RBI for 35 years in
- Prior to IDRBT, he was the CGM-in-charge of the expertise of more than three decades in the field of the fields of Banking and Non-Banking Regulation & Supervision,
Department of IT at RBI agricultural sciences Enforcement actions against banks & non-banks, IT, Financial
Inclusion, Monetary Policy, Government Banking, etc.

Divya Krishnan Pankaj Sood

N V P Tendulkar
Non-Executive Non-Independent Director (Nominee of Non-Executive Non-Independent Director (Nominee of Caladium)
NOFHC) Independent Director
- Significant experience in finance, accounts, IT and - heads the Private Equity (Direct Investments) business of GIC
- A finance and investment banking professional Singapore in India and Africa
management
- Former Chief Investment Officer and Head of Investment - has over 24 years of experience in private equity and M&A
at SBI Mutual Fund. - Former Whole time Director – Finance, Hewlett Packard
(India) transactions in India

Philip Mathew
Independent Director Santanu Mukherjee Subrata Dutta Gupta
- HR practitioner with almost 30 years of work experience, Independent Director
Independent Director
with career journey through the entire landscape of HR - Significant experience in banking, finance, treasury
with significant depth - Significant experience in Asset-based Financing including
operations, risk management, etc at various capacities in
mortgage finance in Asia
- Served as Chief People Officer of HDFC Bank till 2018 SBI Group
- Retired as the Principal Financial Officer from IFC
- Former MD of State Bank of Hyderabad
Suhail Chander
Independent Director Vijay N Bhatt
- A veteran banker with 37 years of rich experience in Independent Director
Banking Operations, Trade Finance, Retail and Wholesale
Banking. - Significant experience in accounting, audit and assurance
- Former Sr. Independent Director of BSR & Co., Chartered 33
- Retired as the Head of Corporate and Institutional Banking
at IndusInd Bank in 2020 Accountants
 Experienced and professional team…
Core Management Team (1/3)
Ratan Kumar Kesh Rajinder Kumar Babbar
Managing Director and Chief Executive Officer (Interim) Executive Director & Chief Business Officer
• 36+ years of experience leadership experience in the banking sector.
• 29+ years of experience in financial, banking, manufacturing and service industry
• Previously worked as Group Head - Transportation, Infrastructure and Tractor Finance Group
• Previously served as Head Retail Ops and Service at Axis Bank
at HDFC Bank Ltd

Rajeev Mantri Santanu Banerjee

Chief Financial Officer Head – Human Resources
• 26+ years of experience in banking and finance across India, Singapore, and the UAE • 28+ years of experience in the field of banking and finance
• Previously served as CFO at Citi India • Previously worked as Head of HR Business Relationship at Axis bank

Nand Kumar Singh Gopalkrishnan Santosh

Head – Banking Operations and Customer Service Head-Consumer Lending & Mortgages
• 28+ years of experience in banking industry • 32+ years of experience in Banking and Financial industry
• Previously served as Retail Banking Head, Patna Circle, at Axis Bank • Previously served as CEO at HDFC Sales Pvt. Ltd.

Sujoy Roy
Satish Kumar
Head – Branch Banking
Head - Wholesale Banking
• 23+ years experience in banking Industry
• 25+ years of experience in banking and financial services industry.
• Previously worked in leadership roles in Retail Liabilities and Branch Banking at Axis
• Previously served as National Head Credit – Mid Market at Kotak Mahindra Bank.
Bank

Biswajit Das Arindam Sarkar

Chief Risk Officer Head - Treasury
• 32+ years of experience in banking industry • 23+ years of experience in banking industry
• Previously served as Head-RBS and regulatory reporting at ICICI Bank • Previously served as Head of Interest Rates, Corporate Bonds and Equity Trading at Axis
Bank

Hirak Joshi Amitava Goswami

Head – Retail Assets Chief Compliance Officer
• 25 years of experience in BFSI sector • 30+ years experience in banking Industry
• Previously worked as Business Head – Vehicle Finance at Ujjivan Small Finance Bank. • Previously worked in leadership roles in Retail Banking and Banking operations at Axis Bank

Mr. Partha Pratim Sengupta has been appointed as MD & CEO of the Bank for a period of three years with effect from November 1, 2024
 Experienced and professional team…
Core Management Team (2/3)
Pinaki Halder
Chief Information Officer
Siddhartha Sanyal
Chief Economist and Head - Research
• 28+ years experience in Banking, Information Technology, Business Intelligence and Digital
• 25+ years of experience in the field of Macro Economic.
• Transformation
• Previously served as Director and Chief India Economist at Barclays Bank PLC
• Previously served as Senior Vice President 2 - Business Intelligence Unit at Axis Bank

Subhash Balkrishna Samant

Vishal Wadhwa
Head – Housing Finance
Head – Emerging Entrepreneurs Business
• 27 years of experience in banking and financial industry
• 25+ years of experience in BFSI Sector
• Previously worked as Zonal Head for Mortgages at ICICI Bank Ltd
• Previously served as Head Business & Member of Executive Committee at Arohan Financial

Arpita Sen Suresh Chandran

Head – Financial Institution Group Head – Commercial Banking
• 25+ years of experience in financial services including Institutional Finance • 27+ years of experience in experience in financial service industry.
• Previously served as a Project Manager of CASHE, Microfinance Program of DFID, UK • Previously served as Executive Vice President / Unit Head at Indusind Bank Ltd

P Ramaswamy Ravi Lahoti

Chief of Internal Vigilance Chief Audit Executive
• 29+ years of experience in experience in banking industry • 18+ years of experience in banking industry.
• Previously served as Head – Fraud Risk Management at Equitas Small Finance Bank • Previously worked as Principal Officer & Head of Anti Money Laundering at HDFC Bank

Sureshkumar S Pillai Partha Pratim Samanta

Head - Legal Head – Small Enterprise Business and Agri Loans
• 25+ years of experience in BFSI, Asset Reconstruction sectors and law firms. • 29+ years of experience in Microfinance and Banking industry
• Previously served as Head – Legal (Retail & Wholesale Banking) at IDFC bank Ltd. • Previously worked with different MFI’s in various leadership roles

Satyajit Ghosh Rajesh Kumar Srivastava

Head – Group Loans Head-Bank Control Unit
• Over 28 years of expertise in the microfinance industry • 26+ years of experience in Banking Sector
• Previously worked with different MFI’s in various leadership roles • Previously served as Head Products & Principal Nodal Officer at Suryoday Small Finance Bank
Ltd.
 Experienced and professional team…
Core Management Team (3/3)
Troy Joseph Stuart Indranil Banerjee
Chief Digital Officer Company Secretary
• 30 years of experience in banking industry • 20+ years experience in financial industry
• Previously worked as Head – Digital Lending at Axis Bank. • Previously served as Company Secretary at Energy Development Company

Radhika Raghavan
Head-Customer Experience, Process Quality & Transformation
• 30+ years of experience in financial service industry and banking industry
• Previously served as a Head of Integrated Reporting (Risk & Finance) – Finance
Transformation of Barclays Global Shared Services
Awards and accolades

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Awards and accolades

Forbes Worlds Best Banks 2023

Bandhan Bank featured in Forbes World’s Best Banks list for the year
2023. Market research was conducted by leading firm ‘Statista’.

Gallup Exceptional workspace

Bandhan Bank received the 2023 Gallup Exceptional Workplace Award. We

are among the only 57 organisations worldwide that have received this
recognition.

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Thank You

For information contact:

Vikash Mundhra, Head – Investor Relations
[email protected]
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