Past performance
About Bandhan Bank Ltd Bandhan Bank is a commercial bank in India, initially established as an NGO in 2001 to provide microfinance services to disadvantaged women in rural West Bengal. It transformed into a universal bank in 2015, marking the first such transition in India. The bank focuses on serving underbanked markets, offering a variety of loans, including group loans and small business and agriculture loans. It also provides a suite of banking products such as debit cards, internet banking, and third-party insurance distribution, generating non-interest income.
The bank has seen significant expansion since its inception, rapidly increasing its branch and banking unit network across India. By FY2023, Bandhan Bank had established 5,999 banking outlets, with a significant presence in rural and semi-urban areas. It has focused on financial inclusion and introduced products like digital account openings and affordable home loans. Despite challenges, including regulatory compliance issues, Bandhan Bank continues to expand its services and footprint, aiming to enhance financial inclusion and portfolio quality.
Performance overview