Let's know about it:
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.