Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: BBL/SEC/195/2026-27 November 03, 2026 BSE Limited National Stock Exchange of India Limited Dept. of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 541153 NSE Symbol: BANDHANBNK Dear Sir/Madam, Sub.: Transcript of the Earnings Call on the Unaudited Financial Results for the quarter (Q2) and half-year ended September 30, 2026 In continuation to the letter bearing Ref. No.: BBL/SEC/192/2026-27 dated October 28, 2026 and pursuant to the provisions of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed, the transcript of the Earnings Call hosted by Bandhan Bank Limited (the ‘Bank’) on Wednesday, October 28, 2026, on the Unaudited Financial Results of the Bank, for the quarter (Q2) and half-year ended September 30, 2026. Further, the same has also been uploaded on the Bank’s website and can be accessed at the following link: https://bandhan.bank.in/sites/default/files/2026-11/Bandhan-Bank-Q2FY27-Earnings-Call-Transcript-SED.pdf. You are requested to take note of the above. This disclosure is being simultaneously uploaded at the Bank’s website, www.bandhan.bank.in. Thank you. Yours faithfully, for Bandhan Bank Limited Indranil Banerjee Company Secretary Encl.: As above “Bandhan Bank Limited Q2 and H1 FY27 Earnings Conference Call” October 28, 2026 MANAGEMENT: MR. PARTHA PRATIM SENGUPTA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER–BANDHAN BANK LIMITED MR. RAJINDER KUMAR BABBAR – EXECUTIVE DIRECTOR AND CHIEF BUSINESS OFFICER – BANDHAN BANK LIMITED MR. RATAN KUMAR KESH – EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER – BANDHAN BANK LIMITED MR. VINAY JAIN – CHIEF FINANCIAL OFFICER – BANDHAN BANK LIMITED MR. VIKASH MUNDHRA – HEAD, INVESTOR RELATIONS – BANDHAN BANK LIMITED Page 1 of 18 Bandhan Bank Limited October 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Bandhan Bank Q2 and H1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vikash Mundhra. Thank you, and over to you, sir. Vikash Mundhra: Thank you, Danish. Good evening, everyone, and a very warm welcome to all of you. It's a pleasure to have you with us today as we discuss Bandhan Bank's business and financial performance for the quarter and half year ended September 2026. In today's call, we will take you through our business performance, the achievements and challenges during the quarter. Joining us on the call today are: • Mr. Partha Pratim Sengupta, Managing Director and CEO; • Mr. Rajinder Kumar Babbar, Executive Director and Chief Business Officer; • Mr. Ratan Kumar Kesh, Executive Director and Chief Operating Officer; • Mr. Vinay Jain, Chief Financial Officer; • Myself Vikash Mundhra, Head of Investor Relations; and other members of our senior management team. After the management's remarks, we'll be happy to take your questions and provide any additional clarity on the quarter's performance and our outlook. With that, I would now like to invite our Managing Director and CEO, Mr. Partha Pratim Sengupta to share his thoughts on the bank's performance for the quarter. Over to you, sir. Partha Pratim Sengupta: Thank you, Vikash. Good evening, everyone and thank you for joining us today. The second quarter of FY27 reflects continued progress in strengthening the fundamentals of the bank. Our performance has been steadily progressing since September 2025, and we are seeing encouraging progress across several areas that are critical to building a stronger, more diversified and sustainable franchise. During the quarter, we achieved another important milestone in our universal banking journey with the launch of our credit card business. Our four variants, Sparks, Ignite, Flare and Lumina have been designed to address the needs of different customer segments from Gen Z and emerging affluent customers to frequent travelers and premium lifestyle consumers. We believe credit cards will further strengthen our overall customer proposition while creating opportunities to depend relationships, enhance cross-sell and derive greater value from our growing customer franchise over time. During the quarter, our focus remained on maintaining healthy business growth, accelerating deposit mobilization, improving the composition of our loan portfolio, protecting asset quality and steadily strengthening profitability. I am pleased to share that we have made meaningful progress across each of these priorities. As a result, during the quarter, we have seen significant improvement in our operating profit and PAT. Page 2 of 18 Bandhan Bank Limited October 28, 2026 On the asset side, our loan book reached approximately INR1.58 lakh crores, representing a healthy 13% YoY growth. Growth continued to be led by our non-EEB business, which expanded by 20% YoY, providing greater diversification and multiple growth engines to the overall franchise. And encouraging development this quarter has been the stabilization of the EEB portfolio. Following the moderation witnessed in the last few quarters, the de-growth in EEB has now been arrested. While we continue to remain prudent in this segment, the underlying trends have improved, and we are hopeful that the portfolio should return to a healthy growth trajectory from here. Our journey towards building a more secured and diversified balance sheet also continues to progress well. The secured portfolio grew 18% YoY and now represents 57.3% of the total advances from 54.9% a year ago. This gradual transformation of our portfolio mix is helping us build a more balanced risk profile while retaining the core strengths of our franchise. Housing is another business where we expect to see an improvement from here. Over the last few quarters, we have undertaken significant changes in this business, including verticalization of the structure and several other changes to strengthen execution. This transition impacted growth and resulted in some near-term asset quality challenges. However, with most of these changes behind us, we believe the business is better positioned for growth. Turning to liability. The progress during the quarter has been particularly encouraging. Total deposits increased to approximately INR 1.73 lakh crores with a strong 4.7% sequential growth, without any support from the FCNR (B) deposits. Importantly, this helped bring our net credit-deposit ratio down to 89.5% from around 92% in the previous quarter. Retail term deposits continue to demonstrate healthy momentum, growing by around 17% YoY without any significant contribution from FCNR deposit mobilization. This gives us greater confidence in the underlying strength and sustainability of our retail deposit franchise. At the same time, I'd also like to acknowledge that our performance in saving back account in the quarter was below our expectations. We saw some balances move out following the recalibration of interest rates across certain savings bank buckets. While this affected balances in the near term, our approach is very clear. We want to build a granular and sustainable savings account franchise, anchored around deeper customer relationships, transactions and engagement, rather than being disproportionately dependent on rate sensitive deposits. We believe this is the right approach for strengthening the quality of our liability franchise over the medium term. To do so, we are working on several levers. Corporate salary accounts are an important opportunity and our customer propo [Showing first 8,000 characters — download PDF for full document]