Bandhan Bank - All you need to know

Recently, there is a buzz about BANDHAN BANK, Lets know about it:

BANDHAN BANK

  • Bandhan Bank was set up in 2001 to handle dual objective of poverty alleviation and women empowerment.
  •  It was previously a Non - Banking Financial Company (NBFC) but Bandhan Bank received its universal banking licence from Reserve Bank of India.
  • The bank rolled out its services on 23rd August, 2015 (Founded).
  • The bank started with 501 branches in all most 22 states in India which is highest branches of any private bank on the first day.
  • The bank will provide funds to help and develop the Small and Medium Enterprises (SME).
  • The saving interest rates have been fixed at 4.25% below Rs. 1,00,000 and 5% above Rs. 1,00,000.
  • It is interesting to know that Bandhan  was the only micro-finance institution that applied for a banking licence.
  • Headquarters is located at Kolkata, West Bengal.
  • Slogan of bank is "Aapka Bhala, Sabki Bhalai".
  • Incidentally, Bandhan is the first bank  to be set up in eastern part of India after Independence.
  • MD and CEO of bank is Chandra Shekhar Ghosh.

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