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Bandhan Bank Ltd.
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About Bandhan Bank
Bandhan Bank Limited was incorporated on December 23, 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited, owned by Bandhan Financial Services Limited (BFSL), the largest microfinance organization in India. Its public shareholders include International Finance Corporation (IFC), SIDBI, Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited), Bandhan Employees Welfare Trust & a few individuals.
Bandhan was set up in 2001 as a not-for-profit entity with the objective of financial inclusion and women empowerment through sustainable livelihood creation. It started its microfinance operations from Bagnan, a small village, about 60 km from Kolkata. The model followed for delivery of microfinance services was individual lending through group formation. Bandhan focused on serving underbanked and underpenetrated markets
Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of over ₹96,331 crore and its total advances stand at over ₹99,338 crore as of March 31, 2022. Click Here to know today’s Bandhan Bank Ltd’s share price.
Bandhan was set up in 2001 as a not-for-profit entity with the objective of financial inclusion and women empowerment through sustainable livelihood creation. It started its microfinance operations from Bagnan, a small village, about 60 km from Kolkata. The model followed for delivery of microfinance services was individual lending through group formation. Bandhan focused on serving underbanked and underpenetrated markets
Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of over ₹96,331 crore and its total advances stand at over ₹99,338 crore as of March 31, 2022. Click Here to know today’s Bandhan Bank Ltd’s share price.
Fundamentals of Bandhan Bank Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 31524.07 Cr |
393.62 |
2.85 |
25.99 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
0.72 % |
0.78 |
0.00 % |
116.55 |
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What is the Market Cap of Bandhan Bank Ltd. shares?
As of 01 Apr`23 the Market Cap of Bandhan Bank Ltd. is 31524.07.
What is the PE and PB ratio of Bandhan Bank Ltd. stock?
As of 01 Apr`23 the PE is 393.62 and PB is 2.85.
Bandhan Bank - Quaterly Results
Publish Date: 28/10/2022
The Revenue for the quarter ended September 2022 of Rs. 37734.53 millions grew by 18.63 % from Rs. 31808.85 millions.The Total Profit for the quarter ended September 2022 of Rs. 2092.74 millions grew from Rs.-30085.99 millions
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 37734.53 | 31808.85 | 18.63 | 78288.10 | 65908.98 | 18.78 | 138711.20 | 125242.12 | 10.75 |
| Other Income | 4764.14 | 5245.03 | -9.17 | 8061.06 | 11413.85 | -29.37 | 28228.23 | 20222.54 | 39.59 |
| Interest Expended | 15804.57 | 12454.72 | 26.90 | 31213.95 | 25414.11 | 22.82 | 51571.02 | 49608.56 | 3.96 |
| Operating Expenses | 11165.17 | 11165.17 | 27.58 | 21399.93 | 16489.99 | 29.78 | 35234.38 | 28168.85 | 25.08 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 12796.68 | 56134.83 | -77.20 | 19221.02 | 70743.52 | -72.83 | 78847.80 | 38200.70 | 106.40 |
| Tax | 639.51 | -10200.93 | -106.27 | 3556.47 | -8969.63 | -139.65 | 28.29 | 7431.98 | -99.62 |
| PAT | 2092.74 | -30085.99 | -106.96 | 10957.78 | -26355.17 | -141.58 | 1257.94 | 22054.57 | -94.30 |
| Equity | 16108.18 | 16107.01 | 0.01 | 16108.18 | 16107.01 | 0.01 | 16107.66 | 16105.99 | 0.01 |
| OPM | 41.15 | 49.82 | -17.40 | 43.09 | 53.74 | -19.81 | 57.77 | 54.05 | 6.89 |
Bandhan Bank - Quaterly Results
Publish Date: 20/01/2023
The Revenue for the quarter ended December 2022 of Rs. 38076.39 millions grew by 11.70 % from Rs. 34087.60 millions.Net profit of the cmpany stood at Rs. 2905.69 millions for the quarter ended December 2022 a decline of -66.17% from Rs. 8589.70 millions in the same quarter last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 38076.39 | 34087.60 | 11.70 | 116364.49 | 99996.58 | 16.37 | 138711.20 | 125242.12 | 10.75 |
| Other Income | 10333.05 | 7090.03 | 45.74 | 18394.11 | 18503.88 | -0.59 | 28228.23 | 20222.54 | 39.59 |
| Interest Expended | 17272.09 | 12839.59 | 34.52 | 48486.04 | 38253.70 | 26.75 | 51571.02 | 49608.56 | 3.96 |
| Operating Expenses | 11915.64 | 11915.64 | 34.84 | 33315.57 | 25326.57 | 31.54 | 35234.38 | 28168.85 | 25.08 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 15414.95 | 8057.10 | 91.32 | 34635.97 | 78800.62 | -56.05 | 78847.80 | 38200.70 | 106.40 |
| Tax | 901.07 | 2854.66 | -68.44 | 4457.54 | -6114.97 | -172.90 | 28.29 | 7431.98 | -99.62 |
| PAT | 2905.69 | 8589.70 | -66.17 | 13863.47 | -17765.47 | -178.04 | 1257.94 | 22054.57 | -94.30 |
| Equity | 16108.32 | 16107.23 | 0.01 | 16108.32 | 16107.23 | 0.01 | 16107.66 | 16105.99 | 0.01 |
| OPM | 50.48 | 57.21 | -11.76 | 45.51 | 54.92 | -17.14 | 57.77 | 54.05 | 6.89 |
Bandhan Bank jumps on planning to open 551 more branches in FY23
Publish Date: 25/08/2022
With the latest addition, the Kolkata-headquartered bank's branch count will exceed 6,000
Bandhan Bank is currently trading at Rs. 300.40, up by 4.70 points or 1.59% from its previous closing of Rs. 295.70 on the BSE.
The scrip opened at Rs. 298.80 and has touched a high and low of Rs. 302.20 and Rs. 295.00 respectively. So far 404844 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 229.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 302.20 and Rs. 273.50 respectively. The current market cap of the company is Rs. 48308.31 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.77% and 17.25% respectively.
Bandhan Bank is planning to open 551 more branches in the 2022-23 fiscal (FY23), as a part of the lender's focus to make its distribution stronger in other parts of India outside the eastern region. With the latest addition, the Kolkata-headquartered bank's branch count will exceed 6,000.
Besides, the bank's push for digital and tech transformation has been a great success, with 92 per cent of the total transactions taking place through the digital route. The Bank will continue to expand its product portfolio, having recently added mutual funds to the lender's list of offerings.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank jumps on planning to diversify asset base by increasing exposure to secured loans
Publish Date: 14/10/2022
The bank will also diversify its geographical presence
Bandhan Bank is currently trading at Rs. 269.00, up by 4.65 points or 1.76% from its previous closing of Rs. 264.35 on the BSE.
The scrip opened at Rs. 269.00 and has touched a high and low of Rs. 270.30 and Rs. 268.00 respectively. So far 131982 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 229.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 270.30 and Rs. 261.05 respectively. The current market cap of the company is Rs. 43242.41 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.77% and 17.25% respectively.
Bandhan Bank is planning to diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025. The bank will also diversify its geographical presence. The percentage of the bank's secured loans at present is 39 per cent. Ten per cent of its exposure will be on retail channels - automobiles including two-wheelers, gold and personal loans.
The bank will also focus on digital services to bring down the cost of operations, and also employ data analytics to boost growth in the future. Besides, the Bank has appointed former Indian cricket captain Sourav Ganguly as its brand ambassador.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank informs about press release
Publish Date: 01/11/2022
Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bandhan Ban has submitted the Press Release on ‘Bandhan Bank opens the largest currency chest in the North East’. This disclosure is being simultaneously uploaded on the Bank’s website at www.bandhanbank.com.
The above information is a part of company’s filings submitted to BSE.
Bandhan Bank surges on the BSE
Publish Date: 01/11/2022
The bank has opened currency chest in Guwahati, largest in the North East Region so far by any banking institution
Bandhan Bank is currently trading at Rs. 239.10, up by 0.45 points or 0.19% from its previous closing of Rs. 238.65 on the BSE.
The scrip opened at Rs. 241.95 and has touched a high and low of Rs. 241.95 and Rs. 235.50 respectively. So far 501926 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 229.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 274.70 and Rs. 235.50 respectively. The current market cap of the company is Rs. 38369.83 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.77% and 17.25% respectively.
Bandhan Bank has opened currency chest in Guwahati, largest in the North East Region so far by any banking institution. This is the Bank’s second currency chest. This will help the Bank in cash management for the branches and ATMs in the region. This currency chest will help the overall financial ecosystem in the North East with the supply of currency notes.
In Assam, Bandhan Bank currently has a customer base of around 26 lakh. Through a network of more than 472 banking outlets, the Bank caters to the banking needs of the people of Assam. The Bank will open more than 550 new branches across India in the current financial year, out of which 20 will open in Assam.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank informs about disclosure
Publish Date: 13/12/2022
Pursuant to Regulation 30 of SEBI LODR, Bandhan Bank has informed that the Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks. It is to be informed that Bank has received claim under the scheme for FY 2022-23 amounting to Rs 916.61 crores.
The above information is a part of company’s filings submitted to BSE.
Bandhan Bank soars on getting claim of Rs 916.61 crore under CGFMU for FY22-23
Publish Date: 13/12/2022
The Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee
Bandhan Bank is currently trading at Rs. 252.05, up by 5.30 points or 2.15% from its previous closing of Rs. 246.75 on the BSE.
The scrip opened at Rs. 250.40 and has touched a high and low of Rs. 255.85 and Rs. 250.40 respectively. So far 236317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 209.45 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 255.85 and Rs. 242.45 respectively. The current market cap of the company is Rs. 40496.16 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.72% and 17.30% respectively.
Bandhan Bank has received claim of Rs 916.61 crore under Credit Guarantee Fund for Micro Units (CGFMU) for FY 2022-23. The Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank informs about press release
Publish Date: 16/12/2022
Bandhan Bank has informed that the Bank has made advertisements in 'The Financial Express' (in English) and 'Sukhabar' (in Bengali), on December 16, 2022, with respect to reporting of loss/ misplacement of Share Certificates. Copies of the said advertisements are enclosed. This disclosure is being simultaneously uploaded on the website of the Bank at www.bandhanbank.com.
The above information is a part of company’s filings submitted to BSE.
Bandhan Bank informs about allotment of equity shares
Publish Date: 16/12/2022
Bandhan Bank has informed that the Nomination and Remuneration Committee of the Board (‘NRC’) of the Bank on December 16, 2022, has approved the allotment of 6,459 equity shares of face value of Rs 10 each fully paid-up to eligible employees of the Bank upon exercise of the Options vested with them under the ESOP Series The equity shares so allotted under the ESOP Series 1 shall rank with the existing equity shares of the Bank in all respects including dividend. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 1610,82,56,600 comprising of 1,61,08,25,660 equity shares of Rs 10 each fully paid-up to Rs 1610,83,21,190 comprising of 1,61,08,32,119 equity shares of Rs 10 each fully paid-up. This intimation is being simultaneously uploaded on the website of the Bank at www.bandhanbank.com.
The above information is a part of company’s filings submitted to BSE.
Bandhan Bank gains on reporting 21% growth in total deposits during Q3FY23
Publish Date: 09/01/2023
Loans & Advances stood at Rs 1,00,520 crore (provisional) as of December 31, 2022, posting a 14% rise in YoY against Rs 87,998 crore as of December 31, 2021
Bandhan Bank is currently trading at Rs. 245.15, up by 2.95 points or 1.22% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 242.25 and has touched a high and low of Rs. 245.90 and Rs. 233.70 respectively. So far 240689 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 209.45 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 249.20 and Rs. 233.70 respectively. The current market cap of the company is Rs. 39183.54 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.72% and 17.30% respectively.
Bandhan Bank has posted 21% growth in total deposits at Rs 1,02,283 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 84,500 crore in Q3FY22. On a quarterly basis, the deposits were up 3% from Rs 99,366 crore as of September 2022.
Loans & Advances stood at Rs 1,00,520 crore (provisional) as of December 31, 2022, posting a 14% rise in year-on-year (YoY) against Rs 87,998 crore as of December 31, 2021 and 5% growth in quarter-on-quarter (QoQ) basis from Rs 95,835 crore in in September 2022.
CASA Ratio stood at 36.4% ((provisional) as of December 31, 2022 versus 40.8% as of September 30, 2022. However, the CASA was down 3% to Rs 37,194 crore as of December 31, 2022 as against Rs 38,528 crore as of December 31, 2021.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank informs about earnings call transcript
Publish Date: 24/01/2023
In continuation to letter bearing Ref. No.: BBL/362/2022-23 dated January 20, 2023 and pursuant to the provisions of Regulation 30 and other applicable provisions of SEBI LODR, Bandhan Bank has submitted the transcript of the Earnings Call hosted by Bandhan Bank Limited (the 'Bank') on Friday, January 20, 2023, on the Unaudited Financial Results of the Bank, for the quarter (Q3) and nine months ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 20/01/2023
Quarterly Results
Board Meeting
Publish Date: 13/05/2022
Final Dividend & Audited Results
Board Meeting
Publish Date: 21/01/2022
Quarterly Results
Board Meeting
Publish Date: 29/10/2021
Quarterly Results
Board Meeting
Publish Date: 30/07/2021
Quarterly Results
Ex Dividend
Publish Date: 29/07/2021
Rs.1.0000 per share(10%)Dividend
Board Meeting
Publish Date: 08/05/2021
Audited Results & Dividend
Board Meeting
Publish Date: 21/01/2021
Quarterly Results
Board Meeting
Publish Date: 02/11/2020
Quarterly Results
Board Meeting
Publish Date: 15/07/2020
Quarterly Results
Board Meeting
Publish Date: 12/05/2020
Audited Results
Bandhan Bank planning to open 551 more branches in FY23
Publish Date: 25/08/2022
With the latest addition, the Kolkata-headquartered bank's branch count will exceed 6,000
Bandhan Bank is planning to open 551 more branches in the 2022-23 fiscal (FY23), as a part of the lender's focus to make its distribution stronger in other parts of India outside the eastern region. With the latest addition, the Kolkata-headquartered bank's branch count will exceed 6,000.
Besides, the bank's push for digital and tech transformation has been a great success, with 92 per cent of the total transactions taking place through the digital route. The Bank will continue to expand its product portfolio, having recently added mutual funds to the lender's list of offerings.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank planning to diversify asset base by increasing exposure to secured loans
Publish Date: 14/10/2022
The bank will also diversify its geographical presence
Bandhan Bank is planning to diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025. The bank will also diversify its geographical presence. The percentage of the bank's secured loans at present is 39 per cent. Ten per cent of its exposure will be on retail channels - automobiles including two-wheelers, gold and personal loans.
The bank will also focus on digital services to bring down the cost of operations, and also employ data analytics to boost growth in the future. Besides, the Bank has appointed former Indian cricket captain Sourav Ganguly as its brand ambassador.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank turns black in Q2FY23
Publish Date: 28/10/2022
Total income of the bank increased by 14.69% to Rs 4,249.87 crore for Q2FY23
Bandhan Bank has reported results for second quarter ended September 30, 2022.
The bank has reported net profit of Rs 209.27 crore for Q2FY23 as against net loss of Rs 3,008.60 crore for the corresponding quarter previous year. Total income of the bank increased by 14.69% to Rs 4,249.87 crore for the quarter under review as compared to Rs 3,705.39 crore for the same quarter in the previous year.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank opens largest currency chest in North East
Publish Date: 01/11/2022
This currency chest will help the overall financial ecosystem in the North East with the supply of currency notes
Bandhan Bank has opened currency chest in Guwahati, largest in the North East Region so far by any banking institution. This is the Bank’s second currency chest. This will help the Bank in cash management for the branches and ATMs in the region. This currency chest will help the overall financial ecosystem in the North East with the supply of currency notes.
In Assam, Bandhan Bank currently has a customer base of around 26 lakh. Through a network of more than 472 banking outlets, the Bank caters to the banking needs of the people of Assam. The Bank will open more than 550 new branches across India in the current financial year, out of which 20 will open in Assam.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank gets claim of Rs 916.61 crore under CGFMU for FY22-23
Publish Date: 13/12/2022
The Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee
Bandhan Bank has received claim of Rs 916.61 crore under Credit Guarantee Fund for Micro Units (CGFMU) for FY 2022-23. The Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank reports 21% growth in total deposits during Q3FY23
Publish Date: 09/01/2023
Loans & Advances stood at Rs 1,00,520 crore (provisional) as of December 31, 2022
Bandhan Bank has posted 21% growth in total deposits at Rs 1,02,283 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 84,500 crore in Q3FY22. On a quarterly basis, the deposits were up 3% from Rs 99,366 crore as of September 2022.
Loans & Advances stood at Rs 1,00,520 crore (provisional) as of December 31, 2022, posting a 14% rise on year-on-year (YoY) against Rs 87,998 crore as of December 31, 2021 and 5% growth on quarter-on-quarter (QoQ) basis from Rs 95,835 crore as of September 2022.
CASA Ratio stood at 36.4% (provisional) as of December 31, 2022 versus 40.8% as of September 30, 2022. However, the CASA was down 3% to Rs 37,194 crore as of December 31, 2022 as against Rs 38,528 crore as of December 31, 2021.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank reports 66% fall in Q3 net profit
Publish Date: 20/01/2023
Total income of the bank increased by 17.56% to Rs 4,840.94 crore for Q3FY23
Bandhan Bank reported results for third quarter ended December 31, 2022.
The Bank has reported fall of 66.17% in its net profit at Rs 290.57 crore for Q3FY23 as compared to Rs 858.97 crore for the corresponding quarter previous year. However, total income of the bank increased by 17.56% to Rs 4,840.94 crore for the quarter under review as compared to Rs 4,117.76 crore for the same quarter in the previous year.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Bandhan Bank opens mega currency chest in Kolkata
Publish Date: 08/03/2023
This currency chest help the Bank in cash management for the 1,757 banking outlets and ATMs
Bandhan Bank has opened its Mega Currency Chest in Kolkata. This currency chest help the Bank in cash management for the 1,757 banking outlets and ATMs in the state of West Bengal. The currency chest is situated in New Town area of the city. This is the Bank's third mega currency chest, the other two being in Patna and Guwahati.
In West Bengal, Bandhan Bank currently has a customer base of more than 1 crore. The Bank has 182 bank branches in its Kolkata region.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
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