Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly owned subsidiary of Bandhan Financial Holdings Limited. Bandhan received the in-principle approval of the Reserve Bank of India (RBI) for setting up a universal bank in April 2014 the banking regulator gave its final nod in June 2015. Incidentally, Kolkata-headquartered Bandhan is the first bank to be set up in the eastern part of India after Independence.
Bandhan Financial Holdings is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. Its public shareholders include International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited), Bandhan Employees Welfare Trust, and a few individuals.
The RBI licensing norms stipulate that a new bank must have a ₹ 500 crore capital. Bandhan Bank starts with a capital base of ₹ 2,570 crores and this will soon rise to ₹ 3,334 crores as on March 31, 2016.This translates into more than 29.01% capital to risk-weighted assets ratio or CAR for the new bank, signifying its robustness.
- Address: Alfa Center, Near The Gateway Hotel, Hinjewadi - Wakad Road, Pune - 411057
- Branch: Hinjewadi - Maharashtra
- Phone: 1800 258 8181
- IFSC Code: BDBL0001849
- MICR Code: 411750008
- Website: www.bandhanbank.com
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