Bandhan Bank Share Price

Bandhan Bank is an established commercial banking company. The company is engaged in providing banking and financial services to underbanked and underpenetrated markets. It is a public company which offers total banking products and services to urban, semi-urban and rural customers. Bandhan Bank is doing its business activities in 34 states and union territories of India.

The company was incorporated as a wholly-owned subsidiary of Bandhan Financial Holdings Limited on December 23, 2014. Headquartered in Kolkata, Bandhan Bank is currently serving more than 2.63 crores of customers with 5,639 banking outlets pan-India.

The main focus of the bank is to meet the financial needs of people who are dependent on the formal banking system and to create better health care, education, and self-employment.

Products/Revenue of Bandhan Bank includes -
Treasury 
Retail banking 
Corporate or wholesale banking 

In Treasury Bandhan Bank provides trading operations, central funding units, and investments in sovereign securities.

In retail banking, Bandhan Bank provides lending money to individuals or small businesses through the delivery channel. The segment also includes Internet banking, Automated teller machines (ATM), etc.

Corporate relationships are included in Corporate or wholesale banking.

The services of Bandhan Bank include fixed deposits, Credit cards, Home loans, Personal loans, Insurance, Mutual Funds, etc. Bandhan is mainly focused on micro-entrepreneurs, MSMEs, Housing Finance, and Retail Asset. 

The story started in the 1990s when small traders of Kolkata used to face problem to grow their businesses. The problem was high-interest loans from traditional moneylenders. Money lenders were charging a high rate of interest at that point in time and when Chandra Shekhar observed this, he decided to help all of those small traders and that led to Bandhan, a microfinance institution providing loans to small traders and the poor.