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Bandhan Bank facts for kids

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Bandhan Bank
Private Sector Bank
Traded as BSE950041
NSEBANDHANBNK
Industry Banking
Financial services
Founded 23 August 2015; 5 years ago (2015-08-23)
Founders Chandra Shekhar Ghosh
Headquarters Kolkata, West Bengal, India.
Number of locations
1,000 branches (2019)
Key people
  • Dr. Anup Kumar Sinha
    (Chairman)
  • Chandra Shekhar Ghosh
    (MD & CEO)
Operating income
Increase INR1704.47 crore (US$290 million) (2017)
Increase INR1111.95 crore (US$190 million) (2017)
Total assets Increase INR30236.09 crore (US$5.1 billion) (2017)
Total equity Bandhan Financial Holdings Limited
Number of employees
32,774 (2018)

Bandhan Bank is an Indian 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

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.

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