Bandhan Bank

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Bandhan Bank is a prominent Indian bank that offers a wide range of banking services, including personal, business, and NRI banking. It started operations on August 23, 2015, after receiving a universal banking license from the Reserve Bank of India¹.

Here are some key points about Bandhan Bank:

• Presence: The bank operates in 35 out of 36 states and union territories in India, with over 6,297 banking outlets¹.
• Customer Base: It serves approximately 3.44 crore customers¹.
• Services: Bandhan Bank provides various services such as savings accounts, home loans, gold loans, and internet banking²³.

History and Background

• Founded: Bandhan Bank was established on August 23, 2015, after receiving a universal banking license from the Reserve Bank of India¹.
• Origins: It started as a microfinance institution in 2001, focusing on financial inclusion and women empowerment¹.

Services and Offerings

• Personal Banking: Includes savings accounts, home loans, gold loans, and various deposit schemes².
• Business Banking: Offers small enterprise loans, loans for medium and large businesses, and current accounts².
• NRI Banking: Provides NRE/NRO savings accounts, FCNR deposits, and remittance services².

Presence and Reach

• Branches: The bank operates over 6,297 banking outlets across 35 states and union territories in India¹.
• Customer Base: It serves approximately 3.44 crore customers¹.

Financial Performance

• Revenue: As of 2024, Bandhan Bank reported a revenue of ₹21,034 crore (approximately $2.5 billion)¹.
• Net Income: The net income for the same period was ₹2,230 crore (approximately $270 million)¹.

Corporate Social Responsibility (CSR)

Bandhan Bank is actively involved in various CSR initiatives, including:

• Education Programs: Providing educational support to children in rural and semi-rural areas².
• Health Programs: Enhancing healthcare facilities and knowledge in rural communities².
• Financial Literacy: Empowering women with practical financial knowledge².