Bandhan Bank

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Bandhan Bank
Private Sector Bank
Traded asBSE950041
Financial services
Founded23 August 2015; 3 years ago (2015-08-23)
FoundersChandra Shekhar Ghosh
HeadquartersKolkata, West Bengal, India.
Number of locations
986 branches [1] (2017-18)
Key people
Increase 1,704.47 crore (US$240 million) (2017)[2]
Increase 1,111.95 crore (US$150 million) (2017)[2]
Total assetsIncrease 30,236.09 crore (US$4.2 billion) (2017)[2]
Number of employees
33,000 (2018) [3]
SubsidiariesGruh Finance[4]

Bandhan Bank Ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal.[5] Bandhan started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. It provided microloans for livelihood creation activities. A few years later, Bandhan turned into a microfinance NBFC to further the core objective of financial inclusion. When Bandhan Bank started operations on August 23, 2015, it was the first instance of a microfinance entity transforming into a universal bank in India. On the day of launch itself, Bandhan Bank started with 2,523 banking outlets.

Bandhan Bank offers its banking products and services to urban, semi-urban and rural customers alike. In the last few years of operations, Bandhan Bank has spread its presence to 34 of the 36 states and union territories in India with 3,992 banking outlets serving 1.53 crore customers, as on December 31, 2018.[6]

Bandhan Bank became the 8th largest bank in India by market capital, on the day of its listing on the bourses (March 27, 2018).[7]


Bandhan Bank has Dr. Anup Kumar Sinha as Chairman. Mr. Chandra Shekhar Ghosh is the founder cum managing director and chief executive officer.[8]


In January 2019 Bandhan Bank has taken over Gruh Finance, an HDFC Ltd. backed housing finance arm in share-swap deal. RBI approved the merger March. On April 15, 2019 Competition Commission of India (CCI) approved the merger.[9]
According to the share-swap ratio, for every 1,000 shares of Gruh Finance, shareholders will get 568 shares of Bandhan Bank. The bank, which had received RBI nod for the scheme, had recently got approval from the BSE and the NSE.


The RBI licensing norms stipulate that a new bank must have a ₹ 500 crore capital. Bandhan Bank starts with a capital base of ₹ 2,570 crore and this will be raised to ₹ 3,052 crore.[10] Bandhan Financial Holdings is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. The major investors in the parent company of Bandhan Bank are International Finance Corporation (IFC), Singapore Sovereign Wealth Fund GIC,[11] Financial Inclusion Trust, North Eastern Financial Inclusion Trust, Bandhan Employees Welfare Trust and Small Industries Development Bank of India (SIDBI).[12][13]


  1. ^ "Annual report FY 2018-19" (PDF).
  2. ^ a b c d "Balance Sheet 31.03.2017" (16 March 2018).
  3. ^ "Annual report FY 2017-18" (PDF).
  4. ^ "Bandhan Bank gets CCI approval to acquire Gruh Finance". moneycontrol. Retrieved 17 April 2019.
  5. ^ "Bandhan to Focus on Deposits in Initial Years". NDTV. Retrieved 26 February 2015.
  6. ^ "3,992 banking outlets" (PDF). Bandhan Bank. Retrieved 10 January 2019.
  7. ^ "8th largest bank in India". Economics Times. Retrieved 28 March 2018.
  8. ^ "Bandhan appoints former chief economic adviser Ashok Lahiri as chairman". Retrieved 23 August 2015.
  9. ^ "Bandhan Bank gets CCI approval to acquire Gruh Finance". moneycontrol. Retrieved 17 April 2019.
  10. ^ "Bandhan Bank commences operation with loan book of Rs 10,500 cr". Retrieved 23 August 2015.
  11. ^ "Bandhan Bank gets fund commitment from GIC, IFC". DNA India. Retrieved 26 February 2015.
  12. ^ "MFIs' portfolio reaches historic high of Rs 35k cr". Business Standard. Retrieved 26 February 2015.
  13. ^ "IFC picks up close to 11% in MFI Bandhan Financial Services for Rs 135 crore". The Economic Times. Retrieved 26 February 2015.

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