Bandhan Bank Ltd. Company Profile: Products,Promoters and Clients
Bandhan Bank Ltd. Company
Established in 2014, Bandhan Bank swiftly evolved from an NGO to an NBFC and eventually a universal bank on August 23, 2015, with a nationwide presence. Specializing in serving underbanked and underpenetrated markets, it offers tailored banking products and services for micro and general banking needs.
Guided by the ethos of ‘Aapka Bhala. Sabki Bhalai.’ (Your benefit. Everyone’s welfare.), the bank's core mission has transitioned from financial inclusion to inclusive banking, ensuring accessibility for all, regardless of scale, and empowering individuals and communities to achieve their financial goals.
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Q1. What are the Product and service offerings of the Bandhan Bank ?
Bandhan Bank offers a comprehensive suite of products and services tailored for three key segments: Personal, Business, and NRI Banking. For individuals, it provides loan products such as Home Loans, Gold Loans, and loans against FD, alongside insurance offerings and savings accounts.
In the business realm, the bank extends Micro Loans, MSME Loans, Corporate Salary Accounts, Current Accounts, and Institutional Accounts. For NRIs, it offers NRE/NRO savings accounts and Remittance and money transfer services, ensuring convenience and accessibility for its global clientele.
Q2. Who are the Promoters of the Bandhan Bank?
The Promoter Group Bandhan Financial Holdings Limited hold a 40% stake in the company
Dr. Anup Kumar Sinha, the Non-Executive (Independent) Chairman, brings extensive experience to Bandhan Bank. Formerly Director and now Chief Mentor at Heritage Business School, he has served on the Board of NABARD. With a distinguished academic career at Presidency College and Indian Institute of Management Calcutta (IIMC), Dr. Sinha holds a Ph.D. in Economics from the University of Southern California.
He has received numerous awards, including Best Teacher and Best Faculty, and has authored publications on economics, rural economy, and management. Dr. Sinha's expertise extends to training and consulting for public and private sector organizations, as well as international agencies.
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Chandra Shekhar Ghosh, Bandhan Bank's Chief Executive Officer, boasts over 30 years of experience in microfinance and development. He founded Bandhan in 2001 with a focus on financial inclusion and women empowerment, guiding its evolution from a not-for-profit enterprise to an NBFC-MFI and finally a universal bank in August 2015.
Mr. Ghosh, a former President of BCC&I and Chairman of CII, Eastern Region, holds an M.Sc. in Statistics and has completed the HBS-ACCION programme on Strategic Leadership at Harvard Business School. Recognized as a 'Senior Ashoka Fellow' in 2007, he has garnered acclaim for his outstanding contributions to the field.
Rajinder Kumar Babbar, Bandhan Bank's Executive Director & Chief Business Officer, leverages over 35 years of banking leadership experience. Notably, during his 23-year tenure at HDFC Bank, he spearheaded growth in Transportation and Infrastructure Finance, Rural Banking, and Retail Liabilities.
Mr. Babbar's expertise encompasses roles in Rural Banking Group, covering farmer finance, MSME loans, retail assets, and third-party products. He holds degrees in B.Sc., LLB, LLM Corporate Law & Criminal Law, and is pursuing a PhD from NMIMS, Mumbai, alongside completing a leadership development programme at IIM, Ahmedabad.
Q3. Who are the Clients of the Bandhan Bank?
As of FY24 Bandhan Bank
3.35+ crore customers
6,297 Banking outlets spread across 35 out of 36 states and union territories in India.
438 Accessible, voice-enabled ATMs
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