Bandhan Bank

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Bandhan Bank
TypePrivate Sector Bank
Financial services
Founded23 August 2015; 8 years ago (2015-08-23)
FoundersChandra Shekhar Ghosh
HeadquartersKolkata, West Bengal, India.
Number of locations
1,000 branches [1] (2019)
Key people
Increase 1,704.47 crore (US$220 million) (2017)[2]
Increase 1,111.95 crore (US$150 million) (2017)[2]
Total assetsIncrease 30,236.09 crore (US$4.0 billion) (2017)[2]
Total equityBandhan Financial Holdings Limited
Number of employees
32,774 (2018) [3]

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]

In January 2019, Bandhan Bank commenced a process to acquire GRUH Finance, an Ahmedabad-based housing finance company.

References[change | change source]

  1. "Annual report FY 2018-19" (PDF). Archived from the original (PDF) on 2018-10-05. Retrieved 2019-08-19.
  2. 2.0 2.1 2.2 2.3 "Balance Sheet 31.03.2017" Archived 2018-03-17 at the Wayback Machine (16 March 2018).
  3. "Annual report FY 2017-18" (PDF). Archived from the original (PDF) on 2018-10-05. Retrieved 2019-08-19.

Other websites[change | change source]