Bandhan received the 'in-principle' approval from the Reserve Bank of India in April 2014 and the banking regulator's final nod came on June 17, 2015. Its public shareholders include, among others, International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), and an arm of GIC, the sovereign wealth fund of Singapore.
Bandhan made a humble beginning in 2001 as a not-for-profit microfinance enterprise with the idea of making a significant contribution towards alleviation of poverty by empowering women. It transformed itself into a non-banking finance company in 2006.
Bandhan Bank is driven by a constant desire to serve better. It seeks to offer its world-class banking products and services to urban, semi-urban and rural customers alike. While it has a pan India presence, the special focus remains on eastern and north-eastern part of India. It is a bank for all but the focus remains unchanged to meet the financial needs of people who are overlooked by the formal banking system and create better education, health care and self-employment opportunities.
In sync with the philosophy of 'Aapka Bhala, Sabki Bhalai' and keeping financial inclusion at the heart of it, Bandhan Bank is committed to provide a host of products and services, competitively on a par with India's top private and state-owned banks.
Bandhan Bank opens eight new branches on August 08, 2016
Renowned Actor-Producer Prosenjit Chatterjee inaugurates Bandhan Bank's 700th branch on Ballygunge Circular Road in Kolkata
Bandhan Bank today, opened eight new bank branches taking its total branch netw... (more)
