Bandhan Bank (Bandhan) reported a reasonable Q1FY27 PAT of INR 5.0bn (1% RoA), led by a stable NIM, while EEB slippages improved further to ~4% annualised. However, the bank has cut its Q4FY27 RoA guidance from 1.6-1.8% earlier to 1.2-1.4%, due to pressure on NIM and opex.