Bandhan Bank - Important Points To Know | IBPS PO - IBPS RRB - SBI Interviews 2015

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 Bandhan Bank - Important Points To Know Pdf

Bandhan Bank Ltd on 9 July 2015 appointed its Chairman and Board of Directors. The bank will commence its operations in India from 23 August 2015. It will be the first bank to be established in Eastern India post Independence.

Former Chief Economic Adviser to the Union Government Ashok Kumar Lahiri , was appointed as the Chairman of the bank. While, Chandra Shekhar Ghosh, Founder of Bandhan Financial Services Ltd, was appointed as the Managing Director and CEO of the bank. They both will be in the board of directors as well.

Micro-lender Bandhan Financial Services in June 2015 received approval from the Reserve Bank of India to set up a universal bank.

Bandhan Bank Board Of Directors list pdf

Bandhan Bank will have 630 branches across 27 States. Nearly 247 of these new branches are expected to be in West Bengal.

Bandhan Bank will be broadly divided into two verticals—micro banking and general banking. In the past 18 months, Bandhan has recruited nearly 8,500 people, to be divided into the two verticals.

The bank will have paid-up capital of Rs 3,200 crore,  including the final Rs 500 crore of capital infusion before August 23 by International Finance Corporation and the Singapore government-backed GIC.

In the next two years, Bandhan plans to have nearly 1,000 bank branches and recruit 3,000-4,000 more people. In the first year, it expects growth of 20-30 per cent, while adding nearly four million customers, in addition to its existing six million rural borrowers, taking the total number of bank accounts to nearly 10 million.
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