Bandhan Bank facts for kids
Aapka Bhala, Sabki Bhalai
|Private Sector Bank|
|Traded as||BSE: 950041
|Founded||23 August 2015|
|Founders||Chandra Shekhar Ghosh|
|Headquarters||Kolkata, West Bengal, India.|
Number of locations
|1,000 branches (2019)|
|1704.47 crore (US$290 million) (2017)|
|1111.95 crore (US$190 million) (2017)|
|Total assets||30236.09 crore (US$5.1 billion) (2017)|
|Total equity||Bandhan Financial Holdings Limited|
Number of employees
Bandhan Bank is an Indian bank. It's headquarter is at Kolkata, West Bengal. The bank's core business is short-term microfinance. Currently, the bank is present in 34 Indian states and union territories.
In 2001, Bandhan started as a non-profit microfinance company from Bagnan, a small village 60 km from Kolkata. In 2006, Bandhan acquired a Non-banking Finance Company (NBFC) and later in 2014, Bandhan got approval for setting up a bank.
By 2015, the country's central bank, also known as Reserve Bank of India granted the universal banking license which allowed it to commence operations.
In January 2019, Bandhan Bank commenced a process to acquire GRUH Finance, an Ahmedabad-based housing finance company.
Images for kids
Union minister Arun Jaitley lights the lamp at the inauguration of Bandhan Bank in Kolkata on 23 August 2015
Bandhan Bank Facts for Kids. Kiddle Encyclopedia.