written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . june 2015 learn how and when to remove this template message bandhan bank aapka bhala sabki bhalai type private industry banking financial services founded 2001 founders chandra shekhar ghosh headquarters kolkata west bengal india area served india key people ashok lahiri chairman chandra shekhar ghosh md ceo products agri loans micro loans msme loans retail loans number of employees 19 500 website bandhanbank.com bandhan bank ltd. bengali is an indian banking and financial services company headquartered in kolkata west bengal . 1 bandhan which started as a micro finance company in 2001 received banking licence by reserve bank of india in 2014 . 2 3 4 on 24 august 2015 union finance minister arun jaitley officially inaugurated the bank in kolkata . initially it opened with 501 branches across india . bandhan bank was incorporated on 23 december 2014 as a wholly owned subsidiary of bandhan financial holdings . bandhan received the in principle approval of the 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 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 crore and this will be raised to 3 052 crore . 5 contents 1 management 2 history 3 branding advertising and consulting 4 it and operation support 5 human resources management 6 investors 7 external links 8 references management edit bandhan bank has dr. ashok lahiri as chairman . he has been the chief economic adviser to government of india earlier . while the founder chandra shekhar ghosh is the managing director and chief executive officer . 6 history edit founded in 2001 under the visionary leadership of mr. chandra shekhar ghosh a senior ashoka fellow bfsl is involved in giving loans to small borrowers who have no access to formal banking services . in past 15 years bfsl has earned credibility and many accolades for financing small entrepreneurs and around 6.7 million women borrowers . the organization has a network of 2 022 branches spread across 22 indian states and union territories serviced by over 15 000 employees . as on 31 march 2015 bfsl had a loan book of around 9 524 crore and an impressive repayment rate of over 99 % . the 2 022 bfsl branches are being converted into door step service centres for bandhan bank which started with 501 branches and 50 atms on day one . it will have 632 branches and 150 atms across 27 states by the end of fiscal year 2015 16 . its total staff strength is around 19 500 . bandhan bank seeks to offer its world class banking products and services to urban semi urban and rural customers alike . while it has a pan india presence the special focus remains on eastern and north eastern part of india . it is a bank for all but the focus remains unchanged to meet the financial needs of people who are overlooked by the formal banking system and create better education health care and self employment opportunities . branding advertising and consulting edit ogilvy & mather has built the new branding and crossover strategy of bandhan from micro finance to mainstream banking . ogilvy has also improvised the interior styles of bandhan . madison communications has finalised the advertising strategy of the bank . 7 consulting firm deloitte touche tohmatsu india was roped to implement the various transformation process in the organisation . 8 it and operation support edit the entire information technology it function including the fully integrated banking payment platform and backend support is outsourced by the bank to us based fidelity information services fis . as bandhan s technology partner fis will provide totally outsourced delivery model encompassing core banking channel solutions treasury trade finance and an entire suite of payments services that includes switching debit card management and interbank network connectivity . 9 10 human resources management edit aon hewitt a leading human resource consulting firm has been hired to build and implement new human resources management and compensation strategy for the existing and new employees . bandhan bank hired 400 skilled bankers and 3 000 freshers before operation . 11 investors edit the major investors in the parent company of bandhan bank are international finance corporation ifc singapore sovereign wealth fund gic 12 financial inclusion trust north eastern financial inclusion trust bandhan employees welfare trust and small industries development bank of india sidbi . 13 14 external links edit official website references edit bandhan to focus on deposits in initial years . ndtv . retrieved 26 february 2015 . deserving the honour . business today . retrieved 26 february 2015 . deserving the honour . business today . retrieved 26 february 2015 . meet bandhan cmd chandra shekhar ghosh the man who pipped birlas and ambanis for a bank license . ashok lahiri has benn appointed as its chairman . . the economic times . retrieved 26 february 2015 . bandhan bank commences operation with loan book of rs 10 500 cr . retrieved 23 august 2015 . bandhan appoints former chief economic adviser ashok lahiri as chairman . retrieved 23 august 2015 . we do not for a change plan to target the corporate sector for lending . business standard . retrieved 26 february 2015 . chandra shekhar ghosh s bandhan banks on building ties with the underprivileged . forbes india . retrieved 26 february 2015 . bandhan bank may begin operations by early 2015 . fis to provide technology services to bandhan bank . financial express . retrieved 26 february 2015 . bandhan banking on low income group & eastern region . the financial express . retrieved 26 february 2015 . bandhan bank gets fund commitment from gic ifc . dna india . retrieved 26 february 2015 . mfis portfolio reaches historic high of rs 35k cr . business standard . retrieved 26 february 2015 . ifc picks up close to 11 % in mfi bandhan financial services for rs 135 crore . the economic times . retrieved 26 february 2015 . v t e banking in india reserve bank reserve bank of india public sector banks allahabad bank andhra bank bank of baroda bank of india bank of maharashtra bharatiya mahila bank canara bank central bank of india corporation bank dena bank idbi bank indian bank indian overseas bank oriental bank of commerce post bank of india punjab & sind bank punjab national bank state bank of bikaner & jaipur state bank of hyderabad state bank of india state bank of mysore state bank of patiala state bank of travancore syndicate bank uco bank union bank of india united bank of india vijaya bank private sector banks axis bank bandhan bank catholic syrian bank city union bank dcb bank dhanlaxmi bank federal bank hdfc bank icici bank idfc bank indusind bank jammu & kashmir bank karnataka bank karur vysya bank kotak mahindra bank lakshmi vilas bank nainital bank rbl bank ratnakar bank south indian bank tamilnad mercantile bank limited yes bank cooperative banks buldhana urban cosmos bank repco bank saraswat bank shamrao vithal co op . bank tnsc bank rajkot nagrik sahakari bank foreign banks abn amro abu dhabi commercial bank antwerp diamond bank australia and new zealand banking group bank internasional indonesia bank of america bank of bahrain and kuwait bank of ceylon the bank of tokyo mitsubishi ufj barclays citibank india credit suisse deutsche bank hsbc the royal bank of scotland scotiabank standard chartered regional rural banks andhra pragathi grameena bank kerala gramin bank bangiya gramin vikash bank gramin bank of aryavart north malabar gramin bank pallavan grama bank pandyan grama bank paschim banga gramin bank sarva up gramin bank south malabar gramin bank uttar bihar gramin bank vananchal gramin bank list of regional rural banks in uttar pradesh interbank networks bancs cashnet cirrus imps upi mitr nfs plus rupay defunct banks alliance bank of simla arbuthnot & co bank of bombay bank of calcutta bank of chettinad bank of cochin bank of hindostan bank of madras bank of madura bank of rajasthan bank of thanjavur bareilley corporation bank bengal central bank bharat overseas bank centurion bank of punjab chartered bank of india australia and china commercial bank of india dass bank exchange bank of india & africa global trust bank grindlays bank hindustan commercial bank imperial bank of india ing vysya bank lakshmi commercial bank lord krishna bank madhavpura mercantile cooperative bank mercantile bank of india london and china miraj state bank nath bank nedungadi bank new bank of india oriental bank corporation oudh commercial bank palai central bank pandyan bank sikkim bank state bank of indore state bank of saurashtra times bank united industrial bank united western bank related topics banks board bureau banking codes and standards board of india atm usage fees in india de materialisation demat foreign exchange forex indian financial system code ifsc list of banks in india national electronic fund transfer neft national payments corporation of india real time gross settlement rtgs structured financial messaging system sfms prepaid payment instruments in india retrieved from https en.wikipedia.org w index.php title bandhan bank & oldid 738815870 categories banks of indiabanks established in 2014companies 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