Type Private Founded 2001 | Customer service 080025 88181 Founder Chandra Shekhar Ghosh Number of employees 22,000 | |
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Key people Ashok Lahiri (Chairman)Chandra Shekhar Ghosh (MD, CEO) Products Fixed DepositsSavings AccountCurrent AccountAgri LoansMicro LoansMSME LoansRetail Loans CEO Chandra Shekhar Ghosh (9 Jul 2015–) | ||
bandhan bank will provide all financial services to the unbanked
Bandhan Bank Ltd. (Bengali: বন্ধন ব্যাঙ্ক) is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Contents
- bandhan bank will provide all financial services to the unbanked
- How to apply bandhan bank recruitment 2017 10th 12th graduate apply in advance
- Management
- History
- Current State
- Investors
- References
On 24 August 2015, Union Finance Minister Arun Jaitley officially inaugurated the bank in Kolkata. Initially it opened with 501 branches, 50 ATMs and 2,022 Door step Service Centres (DSCs) across India. Bandhan Bank was incorporated on 23 December 2014 as a wholly owned subsidiary of Bandhan Financial Holdings. Bandhan received the in-principle approval of the (RBI) for setting up a universal bank in April 2014; the banking regulator gave its final nod in June 2015.
Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence. Presently, Bandhan Bank has 3,383 touch points pan India consisting of 744 bank branches, 2,371 Doorstep Service Centres (DSCs) and 268 ATMs, serving more than 9.7 million customers.
Bandhan Financial Holdings is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. Its public shareholders include International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited), Bandhan Employees Welfare Trust, and a few individuals.
How to apply bandhan bank recruitment 2017 10th 12th graduate apply in advance
Management
Bandhan Bank has Dr. Ashok Lahiri as Chairman. He has been the chief economic adviser to Government of India earlier. Mr. Chandra Shekhar Ghosh is the founder cum managing director and chief executive officer.
History
Founded in 2001, under the visionary leadership of Mr. Chandra Shekhar Ghosh, a senior Ashoka Fellow, BFSL is involved in giving loans to small borrowers who have no access to formal banking services. In past 15 years, BFSL has earned credibility and many accolades for financing small entrepreneurs and around 6.7 million women borrowers. The organization had a network of 2,022 branches spread across 22 Indian states and Union territories, serviced by over 15,000 employees. As on 31 March 2015, BFSL had a loan book of around ₹ 9,524 crore and an impressive repayment rate of over 99%.
Current State
The Kolkata-headquartered bank has two divisions—micro banking and general banking, offering a suite of retail financial solutions, including a variety of savings and loan products, with the core philosophy of financial inclusion. The bank has mobilized Rs. 20,500 crore deposits and its outstanding loan book is close to Rs. 19,000 crore . Bandhan Bank is run by a dedicated team of 22,000 employees. Recently, Shri Pranab Mukherjee, Honourable President of India, graced Bandhan Bank's first anniversary function in Kolkata.Bandhan bank give service among 33 states.
Investors
The RBI licensing norms stipulate that a new bank must have a ₹ 500 crore capital. Bandhan Bank starts with a capital base of ₹ 2,570 crore and this will be raised to ₹ 3,052 crore. Bandhan Financial Holdings is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. The major investors in the parent company of Bandhan Bank are International Finance Corporation (IFC), Singapore Sovereign Wealth Fund GIC, Financial Inclusion Trust, North Eastern Financial Inclusion Trust, Bandhan Employees Welfare Trust and Small Industries Development Bank of India (SIDBI).