Bandhan Bank facts for kids
Aapka Bhala, Sabki Bhalai
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| Private Sector Bank | |
| Traded as | BSE: 950041 NSE: BANDHANBNK |
| Industry | Banking Financial services |
| Founded | 23 August 2015 |
| Founders | Chandra Shekhar Ghosh |
| Headquarters | Kolkata, West Bengal, India. |
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Number of locations
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1,000 branches (2019) |
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Key people
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Operating income
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  1,704.47 crore (US$290 million) (2017) |
| 1,111.95 crore (US$190 million) (2017) |
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| Total assets | 30,236.09 crore (US$5.1 billion) (2017) |
| Total equity | Bandhan Financial Holdings Limited |
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Number of employees
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32,774 (2018) |
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.
History
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.
Merger
In January 2019, Bandhan Bank commenced a process to acquire GRUH Finance, an Ahmedabad-based housing finance company.
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Bandhan Bank Facts for Kids. Kiddle Encyclopedia.