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Shareholding Info
  • Promoters
    39.99 %
  • Foreign institutions-FII
    33.53 %
  • Other domestic institutions
    4.97 %
  • Retail and other
    14.02 %
  • Mutual Funds
    7.49 %

About Bandhan Bank

Bandhan Bank is one of India’s youngest scheduled commercial banks. The Bank’s focus remains the unbanked and underbanked population of the country.The institution’s journey started out as an NGO, then it became an NBFC and is now a universal bank. Bandhan was created as a microfinance institution providing loans to the poorest. In 2001, it started microfinance operations in rural Bengal. In 2006, it acquired an NBFC and established Bandhan Financial Services Private Limited with the core objective of financial inclusion. In 2010, it became the largest microfinance institution in the country. It then became the first microfinance company in India to get a universal banking license and started operations as a universal bank on August 23, 2015. The bank also acquired the stake of HDFC Limited in GRUH Finance in 2019. By 2020, the bank had 1000 branches and 4000 banking outlets. It offers various products and services under personal, business and NRI sections.

Core Activities & Products

  • Freedom:Under this segment, the bank offers loans including home loans, loans against term deposits, personal loan, car loan, gold loan, loan against property and two wheeler loan.
    • Growth
    • Savings Accounts : The bank offers 11 types of savings accounts with an interest rate of 6.25% and unlimited cash transactions at the bank.
    • Fixed Deposits: The bank offers 6 types of fixed deposits which are customisable and come at attractive interest rates with flexible tenures and minimum balance.
    • Recurring Deposits: The bank offers recurring deposits with the flexibility to choose the installment amount, the option for single or joint account with nomination, passbook facility for easy account management, overdraft facility after 3 months and tenure ranging from 6 months to 10 years.
    • Mutual Funds: Bandhan Bank distributes schemes of ICICI Prudential, HDFC, Aditya Birla Sun Life, UTI, Kotak, Nippon India, Axis, SBI, Mirae Asset and Franklin Templeton mutual funds.
    • Debit Cards : The bank offers 4 types of debit cards with higher daily transaction limits, exclusive offers and deals and follows the fair practice code with the latest chip technology.
    • Money Transfer: 4 ways of money transfer.
    • Bill Payments and Recharge: Customers can pay a wide range of bills such as gas, electricity, mobile, recharge, broadband, insurance, loan repayment and more available through Bandhan Bank's Internet Banking and website.
    • Credit Cards: 3 types of credit cards are available.
    • Internet Banking: Their website can be used for managing accounts, deposits, fund transfers and other services.
    • Doorstep Banking: The bank offers 2 types of doorstep banking.
    • Mobile Banking: It offers mobile banking services through the mBandhan mobile app, BHIM Bandhan UPI app, SMS banking, missed call banking and *99# banking.
    • Insurance : 5 types of insurance
    • Safe deposit locker: available at 499 branches with three size options.
    • Loans for Small Businesses:6 types
    • Loans for Medium and Large Businesses:3 types
    • Transaction Banking:2 products - Trade Finance and Cash Management
    • Corporate Salary Accounts:4 types
    • Corporate Internet Banking
    • Doorstep Banking
    • Current Accounts: 7 types
    • Institutional Accounts: 4 types
    • Money Transfer: 3 methods
    • Payment Solutions: 4 types
      • Savings Accounts: 4 types
      • Deposits: 5 types
      • Remittance (through bank): accepted in US Dollars (USD), Pound Sterling (GBP) and Euro (EUR)
      • Remit Online
      • Mobile Banking
      • Internet Banking
      • Money Transfer: 3 methods

Board of Directors

  • Non-Executive (Independent) Chairman: Dr. Anup Kumar Sinha
  • Managing Director & Chief Executive Officer: Chandra Shekhar Ghosh
  • Independent Director: Dr. Allamraju Subramanya Ramasastri
  • Additional Director (Independent): Dr. Aparajita Mitra
  • Additional Non-Executive Non-Independent Director (Nominee of BFHL): Divya Krishnan
  • Nominee Director (Caladium Investment Pte. Ltd.): Dr. Holger Dirk Michaelis
  • Independent Director: N V P Tendulkar
  • Additional Director (Independent): Philip Mathew
  • Independent Director: Santanu Mukherjee
  • Independent Director: Subrata Dutta Gupta
  • Independent Director: Suhail Chander
  • Independent Director: Thekedathumadam Subramani Raji Gain
  • Independent Director: Vijay N Bhat

Key Executives

  • Head – Operations & Technology: Arvind Singla
  • Head – Human Resources: Santanu Banerjee
  • Chief Risk Officer: Biswajit Das
  • Head – Banking Operations and Customer Service: Nand Kumar Singh
  • Chief Economist and Head Research: Siddhartha Sanyal
  • Head-Branch Banking: Sujoy Roy
  • Head – Legal: Jagannadha Rao Suvvari
  • Chief Audit Executive: Ravi Lahot
  • Head – Housing Finance: Suresh Srinivasan Iyer
  • Head – Assets: Kamal Batra
  • Chief Financial Officer: Sunil Samdani
  • Chief Technology Officer: Manoj Kumar Mauni
  • Chief Information Officer: Ronti Kar
  • Chief Compliance Officer: Sudheer Reddy Govula
  • Head – Treasury: Arvind Kanagasabai
  • Chief of Internal Vigilance: P Ramaswamy
  • Incharge – EEB and SBAL: Satyajit Ghosh
  • Company Secretary: Indranil Banerjee


The bank has 2.69 crore customers, 5,640 outlets and 429 voice enabled ATMs. It is present in 34 out of the 36 states and union territories in India. Of the total banking outlets, 37% are present in Semi-urban areas, 35% are present in rural areas, 18% are present in urban areas and 10% are present in metro areas. The banking outlets’ geographical distribution accounts for 47% in eastern India, 17% in central India, 11% in north eastern India, 10% in southern India, 9% in western India and 6% in northern India.
Performance in Various Sectors
      Emerging Entrepreneurs Business
    • Emerging Entrepreneurs Business (‘EEB’): During FY 2021-22, the bank opened 287 new Banking Units and grew 6.95% in the aggregated EEB asset portfolio from ₹58,346 crore to ₹62,399 crore.
    • Small Business and Agri Loans (SBAL)
      Commercial Banking
    • Small Enterprise Loan (‘SEL’): SEL has accounted for a total book size of ₹4,468 crore as on March 31, 2022 as against ₹3,095 crore as on March 31, 2021, registering a growth of 44%.
    • Small & Medium Enterprises Loan (‘SME’): The SME book was at ₹2,253 crore as on March 31, 2022 as against ₹1,504 crore as on March 31, 2021, registering a growth of about 50%.
    • Non-Banking Financial Company (‘NBFC’) and NBFC-Microfinance Institutions (‘MFIs’): The institutional book, consisting of lending to NBFCs and NBFC-MFIs increased by 86% between FY 2021 and 2022.
  1. Retail Assets: It includes Home Loan, Loan Against property, Gold Loan, Personal Loan, Two-Wheeler Loan and Loan or Overdraft against Term Deposits. The Retail Assets book stood at ₹25,219 crore as on March 31, 2022
  2. Liabilities: In FY 2021-22, the bank’s deposit book grew by 23.5% and the branch distribution network went up to 1,189.
  3. Third Party Products: The total mutual fund AUM managed under the bank’s code during FY 21-22 was ₹527.07 crore earning an income of ₹3.74 crore.
  4. Merchant Acquiring Business: The bank installed 1,630 Electronic Draft Capture – Point of Sale (EDC- PoS) terminals, and transactions worth ₹5,374.19 crore were carried out in FY 21-22.
  5. Digital Banking and Information Technology: The number of customers adopting digital banking platforms of the bank has grown by 77% over FY 2020-21.
  6. Human Resources: The bank increased its workforce strength by 22% or 10,766 employees taking the total to 60,211 employees as on March 31, 2022.

CSR and Sustainability

Bandhan Bank is involved in societal initiatives in the fields of education, health, livelihood promotion, enterprise development, financial literacy, skill development and employment generation. These programmes are run by Bandhan-Konnagar, the CSR implementing agency. These programmes have impacted 13 states, 25,720 villages and 36,51,800 beneficiaries with a staff of 3,066.
  • Targeting the Hardcore Poor Program - Grants (in the form of free assets, not cash) are offered to destitute women. They start generating income out of this asset and are subsequently able to support themselves by independently making a living.
  • Education Programme - This programme aims to reach out to the non-school-going and dropout children with special focus on girls, from economically constrained families. These free schools, known as Bandhan Education Centers, provide complimentary school kits and focus on classroom learning, attendance, and extracurricular activities.
  • Health Programme: Under this initiative, health volunteers are developed by selecting interested women from the villages and providing them adequate training. These health volunteers called Swastha Sahayikas (SS) then work in the villages to impart health education through regular health forums.
  • Employing the Unemployed Programme: Vocational centers known as Bandhan Skill Development Centers (BSDC) are set up which provide training to unemployed youth. They can choose from an array of domains such as sales, hospitality, ITes-BPO, computerized accounting, refrigerator and air conditioner repair, etc.
  • Financial Literacy Programme: The objective is to increase awareness among rural and disadvantaged women about financial matters, empowering them to plan their personal economies. They are also taught to access varied banking services, including insurance and pension schemes.


‘To be a world-class bank with convenient and affordable financial solutions to all, offered in an inclusive and sustainable manner.’


‘To provide our customers accessible, simple, cost-effective and innovative financial solutions in a courteous and responsible manner. To create value for all stakeholders through a committed team, robust policies, and superior systems and technology.’

Future Prospects

The Bank continues to expand its footprint across the country. While its legacy makes it stronger in presence in the East, the bank is keenly focussed on diversifying geographically and increasing its presence in areas outside of East. There are two prominent focus areas of the Bank moving forward - strengthening the IT backbone leading to superior digital experiences, and upskilling and reskilling of staff across levels. The IT and digital transformation of the Bank is underway. When complete, the bank will be among the foremost tech-enabled banks in the country. Combining the strength of data, technology and AI, the bank plans on delivering a personalized and hyper contextual experience to its customers. Expanding their MSME book, retail book, and housing book are other goals of the bank.

Did You Know!

  • In the 1990s, Chandra Shekhar Ghosh observed the plight of Kolkata’s small-time traders. To grow their businesses, they had no option except high-interest loans from traditional moneylenders. His deep desire to help these marginal business owners led to the creation of Bandhan, a microfinance institution providing loans to the poorest.
  • Bandhan is the first microfinance bank in India to get a universal banking license.
  • The bank started with 2,523 banking outlets on the day of its launch.
  • On the listing day itself, Bandhan Bank emerged as the 8th most valued bank on the basis of market capitalization.

Initial Public Offering

Bandhan Bank launched its Initial Public Offering in 2018 from March 15 to March 19. The IPO price was ₹370 to ₹375 per share at a face value of ₹10 per share and a lot size of 40 shares. The IPO’s issue size was 119,280,494 shares aggregating up to ₹4,473.02 crore divided into a fresh issue of 97,663,910 shares and an offer for sale of 21,616,584 shares. RBL Bank’s IPO was listed on both NSE and BSE on March 27, 2018 with a price of ₹375.

Equity Shares

Of the total 1,61,07,86,271 paid up equity shares, promoter and promoter group owns 64,41,15,857 shares and the public owns 96,66,70,414 shares making up 40% and 60% respectively. Of the total 4,31,920 shareholders, 1 is promoter and promoter group and 4,31,919 are the public.
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