|Type||Private Sector Bank|
|Founded||23 August 2015|
|Founders||Chandra Shekhar Ghosh|
|Headquarters||Kolkata, West Bengal, India.|
Number of locations
|1,000 branches  (2019)|
|₹1,704.47 crore (US$220 million) (2017)|
|₹1,111.95 crore (US$150 million) (2017)|
|Total assets||₹30,236.09 crore (US$4.0 billion) (2017)|
|Total equity||Bandhan Financial Holdings Limited|
Number of employees
|32,774 (2018) |
Bandhan Bank is an Indian private bank. It's headquarter is at Kolkata, West Bengal. The bank's core business is short-term microfinance. Currently, the bank is present in 34 Indian states and union territories.
History[change | change source]
In 2001, Bandhan started as a non-profit microfinance company from Bagnan, a small village 60 km from Kolkata. In 2006, Bandhan acquired a Non-banking Finance Company (NBFC) and later in 2014, Bandhan got approval for setting up a bank.
By 2015, the country's central bank, also known as Reserve Bank of India granted the universal banking license which allowed it to commence operations.
Merger[change | change source]
References[change | change source]
- "Annual report FY 2018-19" (PDF). Archived from the original (PDF) on 2018-10-05. Retrieved 2019-08-19.
- "Balance Sheet 31.03.2017" Archived 2018-03-17 at the Wayback Machine bandhanbank.ooo (16 March 2018).
- "Annual report FY 2017-18" (PDF). Archived from the original (PDF) on 2018-10-05. Retrieved 2019-08-19.
Other websites[change | change source]