About Bandhan Bank : Bandhan Bank initially emerged as a non-governmental organization that provided microloans to the underprivileged sections in the society in 2001. It focused on women`s empowerment through the creation of sustainable livelihood. In 2006, it developed into a non-banking financial company to spread its microfinance activities.

Bandhan bank started to operate as a universal bank in 2015 after the Reserve bank of India granted the universal banking license. It is a subsidiary of Bandhan Financial Holdings Limited (BFHL), which itself is a wholly-owned subsidiary of Bandhan Financial Services Limited (BFSL). The bank was inaugurated in 2015 by the then finance minister Arun Jaitley, making it the first bank to be set up in eastern India after the independence of India.

Headquarter: Bandhan bank operates with Kolkata, West Bengal, as its headquarters location. Due to the unavailability of adequate banks in the eastern side of the country, the Bandhan bank gained a lot of importance. The parent company, BFHL, also has its primary location in Kolkata.
Number of employees: Driven by a desire to serve better day by day, Bandhan bank has currently employed about 55,341 employees. Chandra Sekhar Ghosh, the bank's founder, is the chief executive officer and managing director. Dr. Mr. Anup Kumar Sinha is the chairman of the bank.

Number of branches and ATMs: In the first year when Bandhan Bank was approved for license by RBI, it had around 50 branches, 50 ATMs and 2,022 DSCs. Currently, there are approximately 5,626 bank branches across the country. Out of the 36 states and union territories of India, the bank has branches in 34 states. The bank's network includes 1,147 branches, 4,163 banking departments and 487 ATMs across the country. In 2019, GRUH Finance officially merged with Bandhan Bank.

Interest rate: 15.90% - 20.75% per annum

Loan amount: Up to Rs 5 million

Maximum term: 36 months

Processing fee: 1% of loan amount + GST ​​

Advance fee: Zero

Minimum monthly salary / Annual business income: Subject to loan amount requirements