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.
Simply put, when you choose to bank with Bandhan, you are choosing to be instrumental in the nation’s larger growth story.
‘To be a world class bank for convenient and affordable financial solutions to all, in an inclusive and sustainable manner’.
‘To provide our customers accessible, simple, cost-effective and innovative financial solutions in a courteous and responsible manner. To create value for all stakeholders through a committed team, robust policies and superior systems and technology’.
Our values are anchored around our business ethics, consumer focus and corporate responsibility towards society at large.
C - Cost effective and simple
R - Respect for all
E - Exemplary governance
A - Accountability, professionalism and discipline
T - Transparency and integrity
E - Effective team work and commitment