Bandhan Bank Ltd announces sale of identified NPA Portfolio to ARC

The Board of Directors of Bandhan Bank Limited (the 'Bank') for sale of identified Non-Performing Assets ('NPA') with more than 180 Days Past Due ('DPD'), pertaining to the Housing Finance Portfolio of the Bank, through bidding process with Asset Reconstruction Companies ('ARC'). Pursuant to the applicable provisions of the SEBI LODR, this is to inform that upon conclusion of Swiss Challenge Method, the Bank has concluded the sale of the aforesaid NPA portfolio, having principal outstanding amounting to Rs. 291.44 Crore (as on May 31, 2026) to Assets Care and Reconstruction Enterprise Limited ('ACRE'), for consideration amounting to Rs. 119.49 Crore (41% of aforesaid portfolio), on outright cash basis.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 204.15 as compared to the previous close of Rs. 202.35. The total number of shares traded during the day was 676650 in over 5447 trades.

The stock hit an intraday high of Rs. 205.00 and intraday low of 199.85. The net turnover during the day was Rs. 137159747.00.

Source : Equity Bulls

Keywords

BandhanBank INE545U01014 Sale IdentifiedNPA ARC