Bandhan Bank Regulatory Clarification Response

Date and Nature of Exchange Query

  • Communication dated September 08, 2026 addressed to both BSE Limited and National Stock Exchange of India Limited
  • Query initiated regarding news appearing on MoneyControl website dated September 08, 2026 titled "Bandhan Bank shares rise up to 4% as lender unveils four new credit cards"
  • Specific concern about 4.62% stock price increase on September 08, 2026 (from Rs. 164.50 to Rs. 172.10)

Company's Clarification on Trading Volume and Discrepancies

  • Bank confirmed the launch of its credit card portfolio in collaboration with Mastercard on September 07, 2026
  • Clarified that this launch represents part of ongoing efforts to strengthen customer-centric product offerings
  • Stated the product launch was undertaken in the ordinary course of banking business permitted under Banking Regulation Act, 1949
  • Bank explicitly stated that the product launch does not constitute a material event requiring disclosure under Regulation 30 of SEBI LODR
  • Bank referenced its internal 'Policy for Determination of Material Events/Information' to support this assessment

Regulatory Compliance Reference

  • Disclosure made specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Bank affirmed it has furnished all necessary material events and information to exchanges as required under Regulation 30
  • Bank stated it has not withheld disclosure of any material information/event
  • Confirmed there are no impending announcements that may be considered material events
  • Bank emphasized its commitment to regulatory compliance and continuous adherence to SEBI LODR requirements

Financial Results Clarification

  • No financial results were discussed or clarified in this communication
  • The document solely addresses the news item regarding credit card launch and stock price movement

Additional Information

  • Bank attributed the stock price movement to "purely market driven" factors over which the bank has no control
  • Bank stated there is no material impact from the news article on the bank
  • Confirmed the news report does not relate to any regulatory/legal proceedings
  • Disclosure was simultaneously uploaded on the bank's website at www.bandhan.bank.in

Topic Tags: Regulatory Response, Product Launch Clarification, Stock Trading, Volume Increase, SEBI Compliance, Banking Operations