Bandhan Bank Ltd is a subsidiary of Bandhan Financial Holdings Limited. Bandhan group received an approval from RBI for establishing a universal bank in India in April 2014. It was incorporated in Dec 2015 and banking regulator gave its final nod in June 2015. Bandhan inaugurated by Shri Arun Jaitley on August 23, 2015, in Kolkatta. It was the first bank to commence in the eastern part of India after Independence.
Bandhan Financial Holding Limited belongs to Bandhan Financial Services Limited, its the largest micro finance organization in India. It has Chairman as Mr. Harun Rasid Khan (Deputy Governor of the RBI on July 2016). Mr. Chandra Shekhar Ghosh is the founder cum managing director (MD) and chief executive officer (CEO). Its public shareholders include- International Finance Corporation (IFC) FIG Investment Company, Small Industries Development Bank of India, Caladium Investment Pte.Ltd and a few individuals.
It has its headquarter in Kolkatta, 893 bank branches, 433 ATMs, and 2,696 Doorstep Service Centers (DSCs) serving more than 12 million customers. Its headquarter is divided into two divisions- General banking and Micro Banking offer suits of financial product and services including a variety of loan schemes such as- Bandhan Personal Loan, Bandhan Home Loan, Bandhan Car Loan, Bandhan Mortgage Loan, Bandhan Education loan, etc., to urban, semi-urban and rural customers alike.
The motto of this bank is to meet financial needs of people and make their lives better.