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Bandhan Bank

#3478

Rank

$3.15B

Marketcap

IN India

Country

Bandhan Bank
Leadership team

Mr. Chandra Shekhar Ghosh (Founder, MD, CEO & Exec. Director)

Mr. Sunil Samdani (Chief Financial Officer)

Mr. Ronti Kar (Chief Information Officer)

Products/ Services
Banking, Finance, Financial Services, Lending
Number of Employees
Above 50,000
Headquarters
Kolkata, West Bengal, India
Established
2015
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
BANDHANBNK.NS
Social Media
Overview
Location
Summary
Bandhan Bank Limited provides commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company accepts fixed and recurring deposits; and offers savings, current, and corporate salary accounts. It also provides home, gold, personal, two-wheeler, and car loans; loans against property and term deposits; and loans for small, medium, and large businesses. In addition, the company invests in sovereign securities; offers liability products, card services, internet and mobile banking, ATM, trading, and NRI services; and distributes third party products. Further, it provides mutual fund, money transfer, bill payment and recharge, debit and credit card, safe deposit locker, remittance, and transaction banking services, as well as health, life, home, travel, and car insurance products. As of November 01, 2022, the company operated 5,646 banking outlets and 432 ATMs. Bandhan Bank Limited was incorporated in 2014 and is headquartered in Kolkata, India.
History

Bandhan was set up in 2001 as a not-for-profit entity with the objective of financial inclusion and women empowerment through sustainable livelihood creation. It started its microfinance operations from Bagnan, a small village, about 60 km from Kolkata. The model followed for delivery of microfinance services was individual lending through group formation. Bandhan focused on serving underbanked and underpenetrated markets. In 2006, Bandhan acquired a Non-Banking Financial Company and created Bandhan Financial Services Private Limited to scale up its microfinance activities. In 2010, it became the largest microfinance institution in the country.In April 2014, Bandhan received an in-principle approval from the Reserve Bank of India . On June 17, 2015, RBI granted the banking licence to Bandhan, making it the first-ever microfinance institution to become a universal bank in India. Bandhan Bank commenced operations on August 23, 2015. The then Union Finance Minister, Late Shri Arun Jaitley, inaugurated the Bank in Kolkata. Its public shareholders then included International Finance Corporation; Caladium Investment Pte Ltd ; and Small Industries Development Bank of India .

On 27 March 2018, Bandhan Bank was listed on the bourses and became the 8th largest bank in India by market capital, on the day of listing itself.

Mission
To serve as a strong and dedicated partner to our customers and stakeholders, enabling financial inclusion and equal opportunity for all, through a culture of trust, ownership, collaboration and innovation.
Vision
Creating a better tomorrow with everyone we touch by providing financial inclusion and equal opportunity to all.
Key Team

Mr. Biswajit Das (Chief Risk Officer)

Mr. Siddhartha Sanyal (Chief Economist & Head of Research)

Manoj Kumar Mauni (Chief Technology Officer)

Mr. Suvvari Jagannadha Rao (Head of Legal)

Mr. Hiren Shah (Sr. VP & Head of Investor Relations)

Mr. Sudheer Reddy Govula (Chief Compliance Officer)

Mr. Santanu Banerjee (Head of HR)

Recognition and Awards
Bandhan Bank was bestowed with the EY Entrepreneur of the Year award in 2017. It has also won RBI's Digital Payment Excellence Award 2019, RBI’s Financial Inclusion and Deepening Financial Literacy Award 2018 and RBI’s Award for Innovation in Financial Inclusion 2018.
References
Bandhan Bank
Leadership team

Mr. Chandra Shekhar Ghosh (Founder, MD, CEO & Exec. Director)

Mr. Sunil Samdani (Chief Financial Officer)

Mr. Ronti Kar (Chief Information Officer)

Products/ Services
Banking, Finance, Financial Services, Lending
Number of Employees
Above 50,000
Headquarters
Kolkata, West Bengal, India
Established
2015
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
BANDHANBNK.NS
Social Media