Bandhan Bank
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.
 Aapka Bhala, Sabki Bhalai | |
| Private Sector Bank | |
| Traded as | BSE: 950041 Template:NSE |
| Industry | Banking Financial services |
| Founded | 23 August 2015 |
| Founders | Chandra Shekhar Ghosh |
| Headquarters | Kolkata, West Bengal, India. |
Number of locations | 1,000 branches [1] (2019) |
Key people |
|
  1,704.47 crore (US$290 million) (2017)[2] | |
| 1,111.95 crore (US$190 million) (2017)[2] | |
| Total assets | 30,236.09 crore (US$5.1 billion) (2017)[2] |
| Total equity | Bandhan Financial Holdings Limited |
Number of employees | 32,774 (2018) [3] |
| 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 commence 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.
