Bandhan Bank
Bandhan Bank, founded on August 23, 2015, is a universal bank that originated as a microfinance institution and now serves over 3.35 crore customers across India. The bank offers a wide range of personal and business banking services, insurance products, and is actively involved in CSR programs.
History of Bandhan Bank
Bandhan Bank was founded on August 23, 2015. Initially established as a microfinance institution, Bandhan Bank transitioned into a universal bank. Since its inception, it has grown significantly and now serves over 3.35 crore customers. The bank has expanded its services nationwide, with over 6,297 banking outlets covering 35 out of 36 states and union territories in India.
Services Offered by Bandhan Bank
Bandhan Bank provides a broad spectrum of services for both personal and business banking. Personal banking products include savings accounts, fixed deposits, recurring deposits, mutual funds, and various loans such as home loans, gold loans, personal loans, and loans against property. For businesses, the bank offers loans catering to small, medium, and large businesses, corporate salary accounts, and transaction banking. Additionally, the bank offers NRI banking services like NRE/NRO savings accounts and foreign currency non-resident fixed deposits.
Bandhan Bank's Mobile Banking App
Bandhan Bank has developed a mobile banking app called mBandhan. This app allows customers to conveniently manage their accounts, execute transactions, and access a range of banking services. The app's user-friendly interface makes it easier for customers to handle their banking needs on the go.
Bandhan Bank's Insurance Products
Bandhan Bank offers a variety of insurance products including life insurance, health insurance, and property insurance. These products are designed to provide comprehensive coverage and cater to the diverse needs of the bank's customers. The insurance offerings are part of the bank's commitment to providing holistic financial solutions.
Awards and Recognition for Bandhan Bank
Bandhan Bank has been recognized with several prestigious awards. In 2023, it received the Gallup Exceptional Workplace Award. Additionally, it was named the 'Emerging Company of the Year' by The Economic Times in 2019. These awards underscore the bank's commitment to excellence and its significant growth and development in the banking sector.
Corporate Social Responsibility Initiatives
Bandhan Bank is involved in various corporate social responsibility (CSR) programs impacting over 19 lakh participants. The bank focuses on financial inclusion and holistic development through its CSR initiatives. These programs aim to contribute to the socio-economic development of the communities where the bank operates, particularly in rural and semi-urban areas.