<?xml version="1.0" encoding="UTF-8"?>
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<link:schemaRef xlink:type="simple" xlink:href="banking_entry_point_2019-09-30.xsd"/>
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<xbrli:context id="OneReportableSegmentLiabilities10D"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">BANDHANBNK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-04-01</xbrli:startDate><xbrli:endDate>2021-06-30</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-bse-fin:ReportableSegmentLiabilitiesAxis">in-bse-fin:OneReportableSegmentLiabilities10Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
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<in-bse-fin:Symbol contextRef="OneD">BANDHANBNK</in-bse-fin:Symbol>
<in-bse-fin:NameOfBank contextRef="OneD">Bandhan Bank Limited</in-bse-fin:NameOfBank>
<in-bse-fin:DateOfStartOfFinancialYear contextRef="OneD">2021-04-01</in-bse-fin:DateOfStartOfFinancialYear>
<in-bse-fin:DateOfEndOfFinancialYear contextRef="OneD">2022-03-31</in-bse-fin:DateOfEndOfFinancialYear>
<in-bse-fin:DescriptionOfPresentationCurrency contextRef="OneD">INR</in-bse-fin:DescriptionOfPresentationCurrency>
<in-bse-fin:ReportingQuarter contextRef="OneD">First quarter</in-bse-fin:ReportingQuarter>
<in-bse-fin:DeclarationOfUnmodifiedOpinionOrStatementOnImpactOfAuditQualification contextRef="OneD">Not applicable</in-bse-fin:DeclarationOfUnmodifiedOpinionOrStatementOnImpactOfAuditQualification>
<in-bse-fin:DateOfEndOfReportingPeriod contextRef="OneD">2021-06-30</in-bse-fin:DateOfEndOfReportingPeriod>
<in-bse-fin:WhetherResultsAreAuditedOrUnaudited contextRef="OneD">Unaudited</in-bse-fin:WhetherResultsAreAuditedOrUnaudited>
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<in-bse-fin:ExpenditureExcludingProvisionsAndContingencies contextRef="OneD" unitRef="INR" decimals="-5">20722846000.00</in-bse-fin:ExpenditureExcludingProvisionsAndContingencies>
<in-bse-fin:OperatingProfitBeforeProvisionAndContingencies contextRef="OneD" unitRef="INR" decimals="-5">18710899000.00</in-bse-fin:OperatingProfitBeforeProvisionAndContingencies>
<in-bse-fin:ProvisionsOtherThanTaxAndContingencies contextRef="OneD" unitRef="INR" decimals="-5">13748779000.00</in-bse-fin:ProvisionsOtherThanTaxAndContingencies>
<in-bse-fin:ExceptionalItems contextRef="OneD" unitRef="INR" decimals="-5">0.00</in-bse-fin:ExceptionalItems>
<in-bse-fin:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="OneD" unitRef="INR" decimals="-5">4962120000.00</in-bse-fin:ProfitLossFromOrdinaryActivitiesBeforeTax>
<in-bse-fin:TaxExpense contextRef="OneD" unitRef="INR" decimals="-5">1231305000.00</in-bse-fin:TaxExpense>
<in-bse-fin:ProfitLossFromOrdinaryActivitiesAfterTax contextRef="OneD" unitRef="INR" decimals="-5">3730815000.00</in-bse-fin:ProfitLossFromOrdinaryActivitiesAfterTax>
<in-bse-fin:ExtraordinaryItems contextRef="OneD" unitRef="INR" decimals="-5">0.00</in-bse-fin:ExtraordinaryItems>
<in-bse-fin:ProfitLossForThePeriod contextRef="OneD" unitRef="INR" decimals="-5">3730815000.00</in-bse-fin:ProfitLossForThePeriod>
<in-bse-fin:ProfitLossAfterTaxesMinorityInterestAndShareOfProfitLossOfAssociates contextRef="OneD" unitRef="INR" decimals="-5">3730815000.00</in-bse-fin:ProfitLossAfterTaxesMinorityInterestAndShareOfProfitLossOfAssociates>
<in-bse-fin:PaidUpValueOfEquityShareCapital contextRef="OneD" unitRef="INR" decimals="-5">16106692000.00</in-bse-fin:PaidUpValueOfEquityShareCapital>
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<in-bse-fin:PercentageOfShareHeldByGovernmentOfIndia contextRef="OneD" unitRef="pure" decimals="INF">0.00</in-bse-fin:PercentageOfShareHeldByGovernmentOfIndia>
<in-bse-fin:CET1Ratio contextRef="OneD" unitRef="pure" decimals="INF">0.2481</in-bse-fin:CET1Ratio>
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<in-bse-fin:DilutedEarningsPerShareBeforeExtraordinaryItems contextRef="OneD" unitRef="INRPerShare" decimals="INF">2.32</in-bse-fin:DilutedEarningsPerShareBeforeExtraordinaryItems>
<in-bse-fin:BasicEarningsPerShareAfterExtraordinaryItems contextRef="OneD" unitRef="INRPerShare" decimals="INF">2.32</in-bse-fin:BasicEarningsPerShareAfterExtraordinaryItems>
<in-bse-fin:DilutedEarningsPerShareAfterExtraordinaryItems contextRef="OneD" unitRef="INRPerShare" decimals="INF">2.32</in-bse-fin:DilutedEarningsPerShareAfterExtraordinaryItems>
<in-bse-fin:GrossNonPerformingAssets contextRef="OneD" unitRef="INR" decimals="-5">64403803000.00</in-bse-fin:GrossNonPerformingAssets>
<in-bse-fin:NonPerformingAssets contextRef="OneD" unitRef="INR" decimals="-5">24578651000.00</in-bse-fin:NonPerformingAssets>
<in-bse-fin:PercentageOfGrossNpa contextRef="OneD" unitRef="pure" decimals="INF">0.0818</in-bse-fin:PercentageOfGrossNpa>
<in-bse-fin:PercentageOfNpa contextRef="OneD">0.0329</in-bse-fin:PercentageOfNpa>
<in-bse-fin:ReturnOnAssets contextRef="OneD" unitRef="INR" decimals="-5">0.0033</in-bse-fin:ReturnOnAssets>
<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Due to limitation of letters/characters upto 4000, we are unable to provide full notes to financials results. You are requested to refer the PDF file uploaded through Quick Results for the purpose of Notes to Financial Results.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
<in-bse-fin:DescriptionOfOperatingExpenses contextRef="OneOperatingExpenses01D" unitRef="INR" decimals="-5">Other Expenses</in-bse-fin:DescriptionOfOperatingExpenses>
<in-bse-fin:OtherOperatingExpenses contextRef="OneOperatingExpenses01D" unitRef="INR" decimals="-5">2765553000.00</in-bse-fin:OtherOperatingExpenses>
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<in-bse-fin:SegmentRevenue contextRef="OneReportableSegmentRevenue01D" unitRef="INR" decimals="-5">575298000.00</in-bse-fin:SegmentRevenue>
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<in-bse-fin:SegmentRevenue contextRef="OneReportableSegmentRevenue02D" unitRef="INR" decimals="-5">32382052000.00</in-bse-fin:SegmentRevenue>
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<in-bse-fin:SegmentRevenue contextRef="OneReportableSegmentRevenue03D" unitRef="INR" decimals="-5">5854326000.00</in-bse-fin:SegmentRevenue>
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<in-bse-fin:SegmentRevenue contextRef="OneReportableSegmentRevenue04D" unitRef="INR" decimals="-5">0.00</in-bse-fin:SegmentRevenue>
<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentRevenue05D" unitRef="INR" decimals="-5">Whole Sale Banking</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:SegmentRevenue contextRef="OneD" unitRef="INR" decimals="-5">39918137000.00</in-bse-fin:SegmentRevenue>
<in-bse-fin:InterSegmentRevenue contextRef="OneD" unitRef="INR" decimals="-5">484392000.00</in-bse-fin:InterSegmentRevenue>
<in-bse-fin:SegmentRevenueFromOperations contextRef="OneD">39433745000.00</in-bse-fin:SegmentRevenueFromOperations>
<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentResults01D" unitRef="INR" decimals="-5">Other Banking Operations</in-bse-fin:DescriptionOfReportableSegment>
<in-bse-fin:SegmentProfitLossBeforeTaxAndFinanceCosts contextRef="OneReportableSegmentResults01D" unitRef="INR" decimals="-5">561856000.00</in-bse-fin:SegmentProfitLossBeforeTaxAndFinanceCosts>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentLiabilities10D" unitRef="INR" decimals="-5">Whole Sale Banking</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:DisclosureOfNotesOnSegmentsExplanatoryTextBlock contextRef="OneD">Notes:          i) Treasury :          Includes investments in sovereign securities and  trading operations. It also includes the central funding unit.               ii) Retail banking :         Includes lending to individuals/small businesses through the branch network and other delivery channels subject to the orientation, nature of product, granularity of the exposure and low value of individual exposure thereof. It also includes liability products, card services, internet banking, mobile banking, ATM services and NRI services. All deposits sourced by branches are classified in retail category.               iii) Corporate/Wholesale Banking:     Includes SME/ Corporate relationships not included under Retail Banking.               iv) Other Banking Business :     Includes para banking activities like third party product distribution.      Note: Segment Liabilties includes Capital Employed the detail of which are provided below:      Capital Employed                            (Rs in Lakhs)      Treasury                                         1879657.83            Retail Banking                                 -164015.21   Wholesale banking                           25544.69   Other Banking Operations               1049.81   Unallocated                                      36015.31      TOTAL                                             1778252.43</in-bse-fin:DisclosureOfNotesOnSegmentsExplanatoryTextBlock>
</xbrli:xbrl>