Bandhan Bank

Bandhan Bank. is an Indian private bank. Its headquarters is at Kolkata, West Bengal. The bank's core business is short-term microfinance. Currently, the bank is present in 34 Indian states and union territories.

 History 

In 2001, Bandhan started as a non-profit microfinance company from Bagnan, a small village 60 km from Kolkata. In 2006, Bandhan acquired a Non-banking Finance Company (NBFC) and later in 2014, Bandhan got approval for setting up a bank.

By 2015, the country's central bank, also known as Reserve Bank of India granted the universal banking license which allowed it to start operations.

 Merger 

In January 2019, Bandhan Bank commenced a process to acquire GRUH Finance, an Ahmedabad-based housing finance company.

 References 

 Other websites 


Category:2015 establishments in India
Category:Banks of India
Category:Kolkata