In April 2026, Bandhan Bank's stock experienced a remarkable surge of over 40%, marking its best monthly performance in nearly six years. The stock is currently priced at ₹200, which is about one-time book value, yet it remains nearly 50% below its IPO price from March 2018. This positive shift in Bandhan Bank's fortunes coincides with changing market dynamics in West Bengal, where expectations are rising for a potential victory by the Bharatiya Janata Party (BJP) in upcoming elections. Such a victory could lead to increased industrial revival, higher infrastructure spending, and improved coordination between the central and state governments. Analysts have noted a significant improvement in Bandhan Bank's profitability, with a 68% year-on-year increase in net profit to ₹534 crore in Q4FY26, driven by lower provisions and rising non-interest income. Looking ahead, loan growth is projected at around 16% for both FY27 and FY28, with return on equity expected to surpass 13%.