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Bandhan began in 2001 as a not-revenue driven venture giving microloans to the oppressed areas of the society. It focussed on money related incorporation and ladies strengthening through manageable employment creation. In 2006, Bandhan obtained a NBFC to scale up its microfinance exercises. It transformed into a NBFC-MFI to assist its center target of money related incorporation. In 2010, Bandhan was perceived as the biggest MFI in the nation.
In April 2014, Bandhan got an on a basic level endorsement for setting up an all inclusive bank. On June 17, 2015, the Reserve Bank of India allowed the all inclusive financial permit to Bandhan Bank. After two months, on August 23, Bandhan Bank started activities. Its open investors at that point included International Finance Corporation; an arm of GIC, the sovereign riches reserve of Singapore; and Small Industries Development Bank of India.
The then Hon’ble Union Finance Minister, Shri Arun Jaitley, introduced the bank on August 23, 2015, in Kolkata, making Bandhan Bank the first bank to be set up in Quite a while post-Independence.
On March 27, 2018, Bandhan Bank got recorded on the bourses and turned into the eighth biggest bank in India by showcase capital, upon the arrival of posting itself.
Bandhan Bank Ltd. is an Indian banking and money related administrations organization headquartered in Kolkata, West Bengal. Bandhan Bank is available in 34 out of 36 states and Union Territories of India. By and by Bandhan Bank has 4,414 financial outlets dish India serving more than 1.9 crore clients.
On June 17, 2015, the Reserve Bank of India allowed the general financial permit to Bandhan Bank. That year, on August 23, the bank began tasks with 501 branches, 50 ATMs and 2,022 DSC.
The bank has activated stores over Rs.54,908 crore and the advance remarkable stands at Rs.65,456 crore, as on December 31, 2019.