Bandhan Bank start its public operations with 600 branches on Sunday August 23,2015

 

Bandhan Bank is an Indian Banking and Financial Services company having its Headquarter in Kolkata,West Bengal,India

It is the newest bank, along with Infrastructure Development Finance Company(IDFC)which was into Infrastructure Funding, to have received Banking licenses by Reserve Bank ofIndia(RBI) in 2014 and will start its public operations with 600 branches on Sunday August 23,2015

 

Bandhan Bank was setup by Bandhan – India’s largest Microfinance Company and World’s largest Non-Deposit-accepting Microfinance Institution (MFI) in 2014

Bandhan was founded by its Chairman and Managing Director Chandra Shekhar Ghosh in 2001. Bandhan Micro- Finance has expertise in lending money to low income women entrepreneurs, Self Help Groups {SHGs} and small -scale businesses

As of Dec 2014, Bandhan Micro Finance's loan portfolio was INR 8000 crore ($1292 million) and had nearly 6.2 million borrowers. It has a Pan India presence with 2022 branches, spread across 22 states with a major concentration and focus in the Eastern and North Eastern Regions of India. It has a strength of more than 13000 employees

Ashok Lahiri has been appointed as the Chairman of Bandhan Bank