Bandhan Bank

Bandhan Bank Ltd. is a banking and financial services company, headquartered in Kolkata. Bandhan Bank is present in 34 out of 36 states and union territories of India, with 5,646 banking outlets and more than 2.77 crore customers.[3][4] Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of over ₹99,366 crore and its total advances stand at over ₹95,835 crore as of September 30, 2022.[3]

Bandhan Bank
Founded2015 (7 years ago) (2015)
FoundersChandra Shekhar Ghosh
HeadquartersKolkata, West Bengal, India
Number of locations
5,646 Banking outlets [1] (2022)
Area served
Key people
ProductsBanking, insurance, investment management, mortgage loans, mutual funds
RevenueIncrease 16,694 crore (US$2.1 billion) (2022)
Increase 8,013 crore (US$1.0 billion) (2022)
Increase 126 crore (US$16 million) (2022)
Total assetsIncrease 138,867 crore (US$17 billion) (2022)
Number of employees
64078(2022) [2] Edit this at Wikidata


Bandhan was set up in 2001 as a not-for-profit entity with the objective of financial inclusion and women empowerment through sustainable livelihood creation. It started its microfinance operations from Bagnan, a small village, about 60 km from Kolkata. The model followed for delivery of microfinance services was individual lending through group formation. Bandhan focused on serving underbanked and underpenetrated markets. [5]

In 2006, Bandhan acquired a Non-Banking Financial Company (NBFC) and created Bandhan Financial Services Private Limited (BFSPL) to scale up its microfinance activities. In 2010, it became the largest microfinance institution (MFI) in the country.[6]

In April  2014, Bandhan received an in-principle approval from the Reserve Bank of India (RBI).[7] On June 17, 2015, RBI granted the banking licence to Bandhan, making it the first-ever microfinance institution to become a universal bank in India. [8]

Bandhan Bank commenced operations on August 23, 2015. The then Union Finance Minister, Late Shri Arun Jaitley, inaugurated the Bank in Kolkata.[9] Its public shareholders then included International Finance Corporation; Caladium Investment Pte Ltd (the sovereign wealth fund of Singapore, an arm of GIC); and Small Industries Development Bank of India (SIDBI).

On 27 March 2018, Bandhan Bank was listed on the bourses and became the 8th largest bank in India by market capital, on the day of listing itself.[10]


Bandhan Bank through its network of 5,639 banking outlets[3] is spread across metro, urban, semi-urban and rural India. The key focus areas are micro-entrepreneurs, MSME segment, housing finance and retail assets. It is interesting to note that 84.5% of the Bank's deposits are in the retail segment, thus, granular in nature.

Bandhan Bank is focused on inclusive banking and reaches out to the unbanked and under-banked segments of the country, with 73% of its branches situated in rural and semi-urban areas. [11]

Products and servicesEdit

The Bank's products and services ranges from savings to current accounts, from fixed deposits to credit cards, from home loans to personal loans, from insurance to mutual funds, and more.[12]


In October 2019, Bandhan Bank acquired GRUH Finance Limited,[13] a Housing Development Finance Corporation Limited backed housing finance company in the share-swap deal by way of scheme of amalgamation, in order to venture into the affordable housing finance. [14]


Bandhan Bank is an associate of Bandhan Financial Holdings Limited (BFHL)[15] which is holding 39.99% of stake in the Bank as on December 31, 2021. Further, BFHL is a wholly owned subsidiary of Bandhan Financial Services Limited (BFSL). Other major shareholders of the Bank as on December 31, 2021, are Housing Development Finance Corporation Limited (9.89%), and Caladium Investment Pte. Limited (7.79%). [16]

Listing and shareholdingEdit

The equity shares of Bandhan Bank are listed on the BSE Limited and the National Stock Exchange of India Limited.[17] The IPO of the Bank oversubscribed by almost 15 times at the end of the three-day long issue.[18][19] On its stock exchange debut (March 27, 2018), the equity opened at ₹487.33 on the National Stock Exchange and closed at ₹476.85; 27% over its issue price of ₹375. [16]

Shareholders as on March 31, 2022 Shareholding (%)[16]
Promoter & Promoter Group* (BFHL) 39.99
Foreign Portfolio Investor (FPI) 34.31
Bodies Corporate 9.71
Individual Shareholders 6.16
Qualified Institutional Buyers 3.91
Others 5.92

*Other promoters i.e. Bandhan Financial Services Limited, North East Financial Inclusion Trust, Financial Inclusion Trust, and Bandhan Konnagar, the Promoter Group, are not holding any equity shares in the Bank.

See alsoEdit


  1. ^ "Quarterly results FY2021-22" (PDF).
  2. ^ (PDF) {{cite web}}: Missing or empty |title= (help)
  3. ^ a b c "Q3 2021-22" (PDF). Archived (PDF) from the original on 21 January 2022.
  4. ^ "Bandhan Bank and 5 other stocks that analysts say can offer solid short-term returns - Money-making Ideas". The Economic Times. Retrieved 14 April 2022.
  5. ^ "Bandhan Bank Ltd". Business Standard India. Retrieved 6 May 2021.
  6. ^ "Big Lender Of Small Loans". Business Today. Retrieved 4 April 2022.
  7. ^ "RBI grants in-principle approval to IDFC, Bandhan for new bank licences". The Economic Times. Retrieved 4 April 2022.
  8. ^ "RBI gives nod to bank licences for IDFC, Bandhan". India Today. 2 April 2014. Retrieved 4 April 2022.
  9. ^ "Jaitley inaugurates Bandhan Bank in Kolkata". Retrieved 4 April 2022.
  10. ^ "8th largest bank in India". Economics Times. Retrieved 28 March 2018.
  11. ^ "Bandhan Bank Investor Presentation Q4 FY2020-21" (PDF).
  12. ^ "Bandhan Bank Annual Report FY2020-21" (PDF).
  13. ^ "Bandhan Bank gets shareholders' nod to merge Gruh Finance – Times of India". The Times of India. Retrieved 1 August 2019.
  14. ^ "Bandhan Bank gets CCI approval to acquire Gruh Finance". moneycontrol. Retrieved 17 April 2019.
  15. ^ "Ownership rules: Promoter dilutes 20.95% stake in Bandhan Bank". The Financial Express. 4 August 2020. Retrieved 14 October 2020.
  16. ^ a b c "Bandhan Shareholding - March 31, 2022" (PDF). Bandhan Bank.
  17. ^ "Shares of Bandhan Bank get listed". Motilal Oswal. Retrieved 27 March 2018.
  18. ^ "Bandhan Bank IPO subscribed 14.6 times on last day". Live Mint. Retrieved 20 March 2018.
  19. ^ "Bandhan Bank IPO subscribed 14.60 times on final day". Money Control. Retrieved 19 March 2018.