Bandhan Bank will complete its five successful years of operations on August 23, 2020. The Bandhan Group was given approval by the Reserve Bank of India (RBI) to set up a universal bank in June 2015. After becoming a bank, Bandhan Bank has spread its reach to diverse corners of India across 34 states and UTs via its 4,559 banking outlets and 485 ATMs. Apart from its microcredit offerings, which account for 64% of its portfolio, the Bank has extended into several new products such as loans to micro, small and medium enterprises (MSMEs), gold loans and affordable housing finance. Mr. Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer of Bandhan Bank said, over the last five years, Bandhan Bank has brought mainstream banking services to millions of unbanked and under-banked Indians and micro enterprises. This has helped them become financially independent and instilled a spirit of confidence in them. “I would like to express my heartfelt gratitude to all our customers who have reposed their faith in Bandhan Bank”, he added. Noteworthy, during its five years, Bandhan Bank has emerged as a major job creator with its employee strength rising from around 13,000 to around 42,000 in this period.
