As a wholly-owned subsidiary of Bandhan Financial Holdings Limited, Bandhan Bank Limited was incorporated on December 23rd, 2014. Bandhan obtained the Reserve Bank of India (RBI)’ in principle’ approval for the establishment of a universal bank in April 2014; the banking regulator gave its final nod in June 2015. By the way, after Independence, Kolkata-based Bandhan was the first bank to be founded in the eastern part of India.
Bandhan Financial Holdings Ltd. is owned by India’s largest microfinance company, Bandhan Financial Services Limited (BFSL). Its public shareholders include FIG Investment Company of the International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a corporation owned by GIC Private Limited Special Investments), and a few individuals.
Bandhan Bank Company Profile
- Name of Company: Bandhan Bank
- Company Type: Public
- Industry of this company: Banking Financial Services
- Year Company was Founded: 23 August 2015
- Founder of this company: Chandra Shekhar Ghosh
- Headquarters: Kolkata, West Bengal, India
- Main Leaders in this company: Dr. Anup Kumar Sinha (Chairman), Chandra Shekhar Ghosh (MD & CEO)
- Subsidiaries: NA
In 2001, Bandhan Bank began as a non-profit enterprise providing the underprivileged sections of society with microloans. It focused on financial inclusion and empowering women through the development of sustainable livelihoods. Bandhan acquired the NBFC in 2006 in order to scale up its microfinance operations. To further its main goal of financial inclusion, it has become an NBFC-MFI. Bandhan was recognized as the country’s largest MFI in 2010.
On 2 April 2014, Bandhan received approval for the establishment of a universal bank in principle. The Reserve Bank of India issued Bandhan Bank a Universal Banking License on 17 June 2015. Two months later, Bandhan Bank started operations on 23 August. International Finance Corporation, an arm of GIC, the Singapore Sovereign Wealth Fund, and Small Industries Development Bank of India was then its public shareholders.
The bank was inaugurated in Kolkata on 23 August 2015 by the then Hon’ble Union Finance Minister, Shri Arun Jaitley, making Bandhan Bank the first post-Independence bank to be founded in Eastern India.
On 27 March 2018, on the date of listing, Bandhan Bank was listed on the stock exchanges and became the 8th largest bank in India by market value.
In April 2014, the Bandhan Group obtained conditional approval from the Reserve Bank of India (RBI) for the establishment of a universal bank, one of two out of 25 applicants that included some of India’s major business conglomerates. In June 2015, the banking regulator gave its final nod.
On August 23, 2015, in Kolkata, the first bank to be formed in the eastern part of India after Independence, Late Shri Arun Jaitley, Union Minister of Finance, Corporate Affairs and Information & Broadcasting, Government of India, inaugurated the bank. Regulators, politicians, and luminaries from the financial sector and corporate India participated in the grand event. The then Honorable President of India, Late Shri Pranab Mukherjee, graced the first-anniversary ceremony of Bandhan Bank in Kolkata on August 23, 2016.
All Customer Care details of Bandhan Bank
- Customer Care Number of Bandhan Bank: 1800-258-8181, 033-6633-3333, Head office: 033-6609-0909
- Support Email Id of Bandhan Bank: email@example.com
- Office Address of Bandhan Bank: Floors 12 – 14, Adventz Infinity@5, BN 5, Sector V, Salt Lake City, Kolkata 700091
- Facebook Id of Bandhan Bank (Can be Used for support): https://www.facebook.com/bandhanbank.in/
- Twitter Id of Bandhan Bank: https://twitter.com/bandhanbank_in
- Official Site of Bandhan Bank: https://www.bandhanbank.com/
- Instagram Account of Bandhan Bank: NA
- Youtube Account of Bandhan Bank: https://www.youtube.com/channel/UCqgOB-Wr4r809oT_F7lr3LA
The relentless urge to serve better is powered by Bandhan Bank. On day one, Bandhan Bank began with 501 branches, 50 ATMs, and 2,022 banking units. Presently, Bandhan Bank has more than 2.25 crore customers serving 5,197 pan-India banking outlets.
Deposits greater than Rs. 71,188 crore have been mobilized by the bank, and its total advances stand at Rs. 80,255 crore, bringing the total company to Rs. 1,51,443.3 crore as of 31 December 2020. The bank has a 47,260-employee team on a roll.
Bandhan Bank provides metropolitan, semi-urban and rural clients alike with its world-class banking products and services. It is a bank for everyone, but the emphasis remains unchanged in order to meet the financial needs of individuals neglected by the traditional banking system and establish greater opportunities for education, health care, and self-employment. Bandhan is committed to providing a host of products and services, competitively on a par with India’s top private and state-owned banks, in line with the philosophy of ‘Aapka Bhala, Sabki Bhalai’ and holding financial inclusion at the heart of it.