Tuesday, 27 October 2015

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Ø   Bandhan Bank was set up in 2001 to handle dual objective of poverty alleviation and women empowerment.

Ø   It was previously a Non - Banking Financial Company (NBFC) but Bandhan Bank received its universal banking licence from Reserve Bank of India.

Ø   The bank rolled out its services on 23rd August, 2015 (Founded).

Ø   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.

Ø   The bank will provide funds to help and develop the Small and Medium Enterprises (SME).

Ø   The saving interest rates have been fixed at 4.25% below Rs. 1,00,000 and5% above Rs. 1,00,000.

Ø   It is interesting to know that Bandhan was the only micro-finance institution that applied for a banking licence.

Ø   Headquarters --- Kolkata, West Bengal.

Ø   Slogan of bank is "Aapka Bhala, Sabki Bhalai".

Ø   Incidentally, Bandhan is the first bank to be set up in eastern part of India after Independence.

Ø  MD and CEO of ----Chandra Shekhar Ghosh.