Bandhan Bank
Bandhan Bank. is an Indian private bank. Its headquarters 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.
| Company type | Private Sector Bank |
|---|---|
| BSE: 950041 NSE: BANDHANBNK | |
| Headquarters | Kolkata, West Bengal, India. |
Number of locations | 1,000 branches [1] (2019) |
Key people | |
| Total equity | Bandhan Financial Holdings Limited |
| Website | www |
History
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 start operations.
Merger
In January 2019, Bandhan Bank commenced a process to acquire GRUH Finance, an Ahmedabad-based housing finance company.
References
- ↑ Annual report FY 2018-19. https://www.bandhanbank.com/pdf/Annual-Report-FY-17-18.pdf. Retrieved 2019-08-19.
- ↑ 2.0 2.1 2.2 2.3 "Balance Sheet 31.03.2017" Archived 2018-03-17 at the Wayback Machine bandhanbank.ooo (16 March 2018).
- ↑ Annual report FY 2017-18. https://www.bandhanbank.com/pdf/Annual-Report-FY-17-18.pdf. Retrieved 2019-08-19.
