Bandhan Bank Ltd. is a banking and financial services company established on 23 August 2015. The company transitioned from an NGO to a Non-Banking Financial Company (NBFC) before becoming a bank in a span of more than two decades. Headquartered in Kolkata, Bandhan Bank has presence in 34 states and Union Territories of India. The bank has 5,639 banking outlets, 471 ATMs, and more than 2.63 crore customers. The bank’s total revenue for FY 2021-2022 was Rs. 4,836 crore, and its market capitalisation as of 16 June 2022 was worth Rs. 49,426.77 crore.
Bandhan started as a society in 2001 aimed at women empowerment and sustainable living in rural West Bengal. It became an NBFC in 2006 and the largest microfinance institution in the country in 2010. Bandhan Bank came to existence in 2015 and became the first microfinance institution in India to get a banking license. In 2019, Bandhan Bank acquired a stake of HDFC Limited in GRUH Finance.
Bandhan Bank Ltd.’s shareholding pattern includes six shareholder categories. Promoters hold a 39.99% stake, foreign institutions have a 34.31% stake, national banks and mutual funds have a 4.19% stake, the general public has a 6.16% stake, and financial institutions have a 0.37% stake. The remaining 14.98% is allotted to other categories.
Mr Chandra Shekhar Ghosh is the managing director and CEO of the bank. Mr Ronti Kar is the chief information officer, and Mr Sudheer Reddy is the chief compliance officer of the bank. Mr Indranil Banerjee is presently serving as the company secretary. Other heads include Mr Santanu Banerjee, Mr Sujoy Roy, Mr Arvind Kanagasabai, Mr Sanjeev Naryani. Mr Kamal Batra, and Mr Suresh Iyer.
Here is the latest Bandhan Bank share price:
Bandhan Bank share price on BSE, as of 16 June 2022, was Rs. 308.70. Bandhan Bank share price NSE closed at Rs. 309.35 on 16 June 2022. The 52-week high for the Bandhan Bank share was Rs. 354.35, and the 52-week low of the Bandhan share price was Rs. 229.55 as of 16 June 2022.
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