What is Bandhan Bank?
Bandhan Bank is a private sector bank in India that started as a micro-finance institution and later became a scheduled commercial bank. It mainly focuses on serving underserved and unbanked sections of society, especially in rural and semi-urban areas.
History and Background
Founded: 2001 (as a micro-finance company)
Became a Bank: August 23, 2015
Founder & CEO: Chandra Shekhar Ghosh
Headquarters: Kolkata, West Bengal, India
Bandhan Bank was the first micro-finance institution in India to become a full-fledged bank.
Key Features
| Feature | Details |
|---|---|
| Bank Type | Private Sector Bank |
| Services | Banking, Loans, Savings, FD, Insurance |
| Target Customers | Low-income groups, rural population |
| Total Branches (as of 2024) | 5,000+ Banking Outlets |
| Tagline | “Aapka Bhala, Sabki Bhalai” (Your Benefit, Everyone’s Welfare) |
Services Offered by Bandhan Bank
🔹 Accounts:
Savings Accounts
Current Accounts
Fixed Deposits (FDs)
Recurring Deposits
🔹 Loans:
Micro Loans
Personal Loans
Home Loans
Small Business Loans
Agriculture Loans
🔹 Digital Banking:
Internet Banking
Mobile Banking
UPI & Wallet Services
Bandhan Bank App
Bandhan Bank for Competitive Exams (e.g., SSC, IBPS, UPSC)
Type of Bank: Scheduled Commercial Bank
Regulated By: Reserve Bank of India (RBI)
Founded as: NGO for micro-finance
Converted to Bank on: 23 August 2015
Stock Exchange Listing: Listed on NSE and BSE
Contact Information
Website: www.bandhanbank.com
Customer Care Number: 1800-258-8181 (Toll-Free)
Interesting Facts
Bandhan Bank’s focus is on financial inclusion.
It started operations with 501 branches and 50 ATMs in 2015.
The bank primarily serves the eastern and northeastern states of India.
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