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Bandhan Bank : A microfinance Organisation turned to be India's newest bank



Today we are going to have a deep insight in a Microfinance Giant of India, Bandhan Bank. This Newest bank of India is a Kolkata based financial service provider which serves to Indian banking customers with its world-class banking products and services to customers from all walks of India.



Glace at Bandhan Group Financial Holding:


Owned by : Bandhan Financial Services Limited (BFSL)
#Worth Mention: BFSL is India's largest micro-finance organisation.

Date of establishment:  23rd Dec 2014

Capital base:  2,570 crore (as given on official website)

Headquarters: Kolkata, West Bengal

Inauguration: Indian Finance Minister Mr. Arun Jaitley.

Chairman:  Dr. Ashok Lahiri

CEO & Founder:  Chandra Shekhar Ghosh (Also Managing Director).

Outsourced services: IT & technical, Advertising & branding, Consultancy.

Human Resource Management: Aon Hewiit

No. of Bandhan bank branches:  608 branches

Total No. of Accounts :  1.43 crore accounts  (on 24th aug 2015)

No. of ATM: 150 ATM in 27 states.

No. of Employees: 19500

Toll free No.: 1800-258-8181

About Bandhan Bank: 


Bandhan bank is a subsidery of Kolkata based microbanking organisation BFSL, ofer complete retail financial solutions, including a variety of savings and loan products.
Although the bank has a motive to serve the unbanked pocket of India with at least 35% branches in rural area.
It has a full fledged banking services in Urban and sub urban area of India.
The RBI licensing norms stipulates that a new bank must have at least Rs. 500 crore capital. Against this, Bandhan has started with Rs. 2,570 crore capital.

Career in Bandhan Bank : 


There are lots of Banking job aspirants in India. Bandhan Bank is providing a golden opportunity to those at their career page. A major expansion in mainstream banking made Bandhan group hire 400 skilled bankers and 3,000 freshers before operation.

Follow this link: Bandhan bank career

Objective of bank: 


There are two main objectives Woman empowerment and poverty eradication.
Bandhan microfinance is already focusing on those who are overlooked by general banking system with a goal to create better education and self employment opportunities.

Bandhan Bank Branch Locator service:


If you want to find the nearest Bandhan bank branch in your area, Bandhan bank comes with two great solutions.


  1. Call on their toll free no. & the customer care executive will help you out to find Bandhan bank branch.
  2. Visit this Bandhan bank branch locator page on their official website.
  • Fill this form with your area details like your city, area, state.
  • After done with these details, click on Search button.



Major Share Holders in BFSL:


  • International Finance Corporation (IFC)
  • Small Industries Development Bank of India (SIDBI)
  • Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited)
  • Bandhan Employees Welfare Trust.
  • North Eastern Financial Inclusion Trust.
  • Singapore Sovereign Wealth Fund GIC

Bandhan Bank share price & premium is not disclosed for foreign investors. It is expected that Bandhan Bank's share will be at sock exchange after Aug 2018, completion of 3 year time, according to RBI Guidelines.

Bandhan Bank Product & Services:


Accounts:

There are following type of accounts available:
  • Saving account
  • Premium Saving account

Loans:

  • Retail Loans
  • Home Loans

Deposits:

  • Fixed Deposit
  • Fixed deposit Premium

Some Important Organisations Associated with Bandhan Bank:


Ogilvy & Mather has built the new branding and crossover strategy of Bandhan from micro-finance to mainstream banking along with improvisation in the interior styles of Bandhan .
Madison Communications: finalization of the advertising strategy of the bank.
Consulting firm: Deloitte Touche Tohmatsu, India
IT and technical support: Fidelity Information Services (FIS) for payment platform and back end support.

Recent News About Bandhan Bank 


Bandhan Bank mobilises deposits worth 7k crore in last five months & this has been confirmed by a top official. Mr. Chandra Shekhar Ghosh, MD & CEO of BFSL was overwhelmed by the wonderful outcome told this to reporters at the Bengal Chamber of Commerce & Industry event.

"People have reposed faith in the bank. In these five months, deposits worth Rs 7,000 crore have been made. Its a record of sorts"  : CEO, Bandhan Bank

He also added that They are focusing on MSME loans, Corporate loans will come in later stage.
The BCCI event was held in Kolkata, Most of Newspapers published this news on 3rd Feb 2016.

Earlier Bandhan Bank opened its 608th branch in Lucknow, on 14th Jan 2016.

Bandhan Bank grossed rs. 5000 crore deposit till December.

Bandhan Bank : A microfinance Organisation turned to be India's newest bank Bandhan Bank : A microfinance Organisation turned to be India's newest bank Reviewed by Admin on 08:12 Rating: 5

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