Bandhan Bank a Private Sector Bank: Bandhan Bank is an Indian Banking and Financial Services Company that was incorporated in 2014. It is a Subsidiary of Bandhan Financial Holdings Limited(BFHL).
Type: Private Sector Bank
Industry: Banking, Financial Services
Founders: Chandra Shekhar Ghosh
Headquarters: Kolkata, West Bengal India
Bank Branches: 1,103
Doorstep Service centers(DSCs): 3,207
GRUH centers: 200
Public shareholders include
- International Finance Corporation(IFC),
- Caladium Investment private limited, etc.
Shri Arun Jaitley, Union Minister for Finance, Corporate Affairs and information and Broadcasting, Government of India.
Previously Bandhan Bank was one of the largest microfinance companies in India. It is one of the largest Non-deposit accepting microfinance institution.
The Bandhan Micro Finance company is founded by CEO and MD Chandra Shekhar Ghosh.
The Micro Finance company lent money to small scale businesses, Women Entrepreneurs and Self Help Groups(SHGs). Bandhan was established in 2001. It has total assets of approx. Rs. 6,700 Crore at the timing of gaining a bank license.
Bandhan Bank, a Private Bank Provides its banking Products and services all over the country. The main motive of the bank to meet the financial needs of people.
Bandhan Bank’s: Focus in 2020
In 2020, Bandhan Banks plans to focus on mainly three segments
Tagline “Apka Bhala,Sabki Bhalai”
Philosophy of the bank is keeping financial inclusion at the heart of it. Bandhan Bank providing products and services all the time ever.
With its tireless efforts, Millions lives it has touched and the communities that have blossomed.
Bandhan Bank Mission
Bandhan bank responsibly provides financial solutions. It create value for all customers through a responsible team, affordable policies and committed systems and technology.
Bandhan Bank offers many products and services include
- Debit card,
- Internet Banking,
- Mobile Banking,
- Online Bill Payment.
- Mutual Funds facilities, etc.
A Private sector Bank Merger
In 2019, Bandhan bank MERGER with GRUH Finance. GRUH Finance is a Housing Development Finance Corporation Limited Backend housing finance company.
The Bandhan bank also received no-objection from the BSE and NSE. In 2019 Competition Commission of India has also approved the Bandhan bank Scheme.
BSE: Bombay Stock Exchange
NSE: National Stock exchange
GRUH Finance merged into Bandhan bank in 2019 and the combined balanced sheet crosses 1 lakh Crore.
Currently, there are 12 Nationalised banks after the PNB merger. Bandhan Bank is the 8th most valued bank among India’s top 10 Private banks.
Bandhan Bank Customer Care Number
1800 258 8181
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Last Updated: July 7,2020 12:00:28 AM