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About Us

Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited. Bandhan received the ‘in-principle’ approval of the Reserve Bank of India (RBI) for setting up a universal bank in April 2014; the banking regulator gave its final nod in June 2015. Incidentally, Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence.

Bandhan Financial Holdings Ltd. is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. Its public shareholders include International Finance Corporation (IFC) FIG Investment Company, Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited) and a few individuals.

Our Story

The Bandhan Group received a conditional approval from the Reserve Bank of India (RBI) for setting up a universal bank in April 2014 – one of the two among 25 applicants that included some of the big business conglomerates in India. The banking regulator gave its final nod in June 2015.

Shri Arun Jaitley, Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Government of India, inaugurated the bank on August 23, 2015 in Kolkata –the first bank to be set up in eastern part of India after Independence. The grand function was attended by the regulators, policy makers and luminaries from financial sector and corporate India. Shri Pranab Mukherjee, the then, Honourable President of India, graced Bandhan Bank's first anniversary function on August 23, 2016 in Kolkata.

Bandhan Bank is driven by a constant desire to serve better. Bandhan Bank started with 501 branches, 50 ATMs and 2,022 Door step Service Centres (DSCs) on day one. Presently, Bandhan Bank has 4,229 banking outlets pan-India serving more than 1.83 crore customers. Of these outlets, 1,009 are bank branches, 3,025 Doorstep Service Centres (DSCs) and 195 GRUH centres. The bank also has 485 ATMs.

The bank has mobilised deposits more than Rs.49,195 crore and its total advances stand at Rs.64,186 crore taking the total business to Rs.1,13,381 crore as on September 30, 2019. The bank has a team of 35,468 employees on roll.

Bandhan Bank offers its world-class banking products and services to urban, semi-urban and rural customers alike. 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. In sync with the philosophy of ‘Aapka Bhala, Sabki Bhalai ’ and keeping financial inclusion at the heart of it, Bandhan is committed to provide a host of products and services, competitively at par with India’s top private and state-owned banks.

The success of the organization is measured by the million lives it has touched and the communities that have blossomed with its tireless efforts. 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

Success Stories

  • Sunita Reang - Tripura

    She lived kilometres away from the city, in a village with no electricity and bound by communal restrictions. With some support and understanding, making Tribal Cloth is now a flourishing business for Miss Sunita Reang.

  • Rekha Ekkaldev - AHMEDNAGAR

    A business is no business without capital, realized Mrs Rekha Ekkaldev after 7 years of continuous effort at establishing her Ganesh Idol Making venture. Today she has everything from machinery to labour and a large scale production of Ganesh Idols.

  • Shehnaz Hussain - DELHI

    Mrs Shehnaaz Hussain's daughter insisted on a family suit making business so that she could spend more time with her parents who were rather busy with their individual jobs. Shehnaaz may have lost her daughter, but she kept her dream alive.

  • Sanjay Domari - GUWAHATI

    From selling wood to vegetable vending, Mr.Sanjay Domari did plenty to sustain himself and his family. Now, after 10-15 years, he employs a number of handpicked people and runs his own garments factory.

Board of Directors

  • Dr. Anup Kumar Sinha

    Non-Executive (Independent) Chairman

    Dr. Sinha, an economist of repute, is currently the Director of Heritage Business School and an Insurance Regulatory and Development Authority of India (IRDAI) representative on the Life Insurance Council of India.

    He was on the Board of the National Bank for Agriculture and Rural Development (NABARD). He served three terms on the Board of Governors at Indian Institute of Management–Calcutta (IIMC) and was also the Dean from 2003-06. He was a Professor of Economics at IIMC for 25 years.

    Dr. Sinha holds a Ph.D. in Economics from the University of Southern California, Los Angeles and M.S. in Economics, University of Rochester, USA. He has been actively engaged in training and consulting for a number of organisations in the public and private sector, as well as for international agencies in the fields of economics. He has also authored publications on various topics including economics, rural economy and management.

  • Mr. Chandra Shekhar Ghosh

    Managing Director & Chief Executive Officer

    Mr. Ghosh has been one of foremost proponents of microfinance in India. He has more than 30 years of experience in the microfinance and development terrain. He founded Bandhan in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. He was on the forefront of its transformation into an NBFC-MFI and finally a universal bank in August 2015.

    Mr. Ghosh has been appointed as the Chairman, Confederation of Indian Industry (CII), Eastern Region, apart from holding the Chairman position of CII’s Economic Affairs, Finance & Taxation Committee. He also Co-Chairs the Financial Inclusion Committee of Federation of Indian Chambers of Commerce and Industry (FICCI). He is the Past President of the Bengal Chamber of Commerce and Industry (BCC&I). Mr. Ghosh was elected as ‘Senior Ashoka Fellow’ in 2007 by Ashoka Foundation (social entrepreneurship award). An M.Sc. in Statistics, he also attended the HBS-ACCION programme on Strategic Leadership at Harvard Business School in April 2006.

  • Mr. Harun Rasid Khan

    Independent Director

    Mr. Khan is currently a Senior Adviser (part-time) with KPMG India and Non-Executive Chairman of National Securities Clearing Corporation Limited.

    He retired as the senior Deputy Governor of the Reserve Bank of India (RBI) in July 2016, after nearly 38 years of service. At RBI, he handled diverse areas and spearheaded major projects relating to financial markets, payment and settlement systems, financial inclusion, foreign exchange management and, banking regulation and supervision. He was instrumental in the formulation of the RBI’s Payment System Vision 2018. He has overseen some of their major projects like establishment of CCIL, Core Banking Solutions, revamping of NEFT and introduction of UPI for retail payment.

    An M.Phil. from Jawaharlal Nehru University and a PGDM graduate from Narsee Monjee Institute of Management Studies, he has been the nominee Director of RBI on the Board of several top Indian banks.

  • Mr. Chintaman Mahadeo Dixit

    Independent Director

    Mr. Dixit is on the Boards of SBI Stock Holding Corporation of India Limited, GDA Management Consulting Private Limited and SBI DFHI Limited. He has been associated in the audits of large public sector undertakings, public and private limited companies, nationalised and scheduled banks, NBFCs, Life Insurance Corporation of India and co-operative banks. He rendered consultancy services to public sector banks in the areas of turnaround strategies, restructuring, takeover, investigation among others.

    Mr. Dixit is a Senior Partner at GD Apte & Co., Chartered Accountants, and has over 38 years of professional experience in finance and accountancy sector. He was on the Boards of Dena Bank, Indian Bank and Hindustan Antibiotics Limited.

  • Mr. Snehomoy Bhattacharya

    Independent Director

    Mr. Bhattacharya has 36 years of experience in the banking industry of which he spent equal time in the public and private sectors. He served as a Director on the Board of Axis Private Equity Limited. Subsequently, he was an adviser to Axis Bank on Leadership Development and Talent Management.

    A qualified Cost Accountant, he started his career with State Bank of Bikaner and Jaipur as Probationary Officer and reached the level of Chief Manager, International Banking. Thereafter, he moved to Axis Bank as Vice President and held various positions including that of the Executive Director (Corporate Affairs), where he oversaw the functioning of the human resources, compliance, internal audit, legal, corporate communications and corporate infrastructure departments. He was also the Head of Human Resources, and the Chairman of the Audit Committee of Executives at Axis Bank.

  • Mr. Sisir Kumar Chakrabarti

    Independent Director

    Mr. Chakrabarti is currently the Independent Director on West Bengal State Electricity Distribution Co. Ltd, Merino Industries Ltd. and Merino Panel Products Ltd.

    He retired as Deputy Managing Director of Axis Bank in 2011 after serving the Bank in various capacities in several locations for 17 years. Before joining Axis Bank, he started his career as an officer with State Bank of Bikaner & Jaipur and worked for 21 years. He was also a member of Committee of Directors of Axis Bank & Chairman of Audit Committee of Executives. He was Chairman of Axis Sales & Securities Ltd. and Nominee Director of Experian Credit Information Services Ltd. and Busan Auto Finance Ltd. He is a graduate with honours in English Literature and a CAIIB.

  • Mr. Bhaskar Sen

    Independent Director

    Mr. Sen retired as the Chairman and Managing Director (CMD) of United Bank of India. During his tenure as CMD, United Bank of India got listed and went through a major transition, particularly in the areas of systems, processes and corporate governance. He also served as the Executive Director of Dena Bank where he took major initiatives in IT and put the Bank on a robust CBS platform.

    He started his career as Probationary Officer with Union Bank of India in the year 1974 and went on to become the General Manager. During his stint there, he handled General Banking, Rural Banking, treasury functions and overseas expansion. He was also on the Board of FIMMDA, National Insurance Company Limited, Industrial Investment Board of India (as CMD) and West Bengal Financial Corporation. He was also the Deputy Chairman of Indian Banks’ Association (IBA), Mumbai. Mr. Sen is an honours graduate from University of Calcutta and a CAIIB.

  • Ms. Thekedathumadam Subramani Raji Gain

    Independent Director

    Ms. Gain, is currently an Executive Director at Bankers Institute of Rural Development (BIRD).

    She has significant experience in the field of agricultural and rural development. She has worked in various capacities in NABARD where she was involved in capacity building and conducted programmes on organisational and institutional development, microfinance, self-help groups, gender and participatory management. She is a postgraduate in Agricultural Physics from Indian Agricultural Research Institute, New Delhi.

  • Mr. Ranodeb Roy

    Non-Executive Non-Independent Director

    Mr. Roy is the co-founder and CEO of RV Capital Management Private Limited, an asset management company based in Singapore that he founded in November 2011.

    He started his career with Bank of America in 1992 in Mumbai. He has worked at Merrill Lynch and at Morgan Stanley (Asia) Singapore Pte. as a Managing Director in the Fixed Income Division.

    He holds an MBA from IIM, Ahmedabad, with a major in Finance and Marketing and a B.Tech. in Computer Science & Engineering from IIT, Kanpur.

  • Dr. Holger Dirk Michaelis

    Nominee Director (Caladium Investment Pte. Ltd.)

    Dr. Michaelis is currently a Senior Vice President of GIC Private Limited, overseeing portfolio, strategy and risk group. He has extensive experience in private equity and as a strategic adviser to financial services companies.

    Previously, he was a Partner at the Boston Consulting Group where he worked in Germany and China.

    Dr. Michaelis pursued his post-graduation in Business Administration (Finance) from UT Austin, USA and holds a doctorate degree in Economics from WHU Koblenz, Germany.

  • Dr. Allamraju Subramanya Ramasastri

    Additional Director (Independent)

    Dr. Ramasastri is presently the Director of Institute for Development and Research in Banking Technology (IDRBT). He is also on the Boards of IDBI Intech Limited, Data Security Council of India, Indian Financial Technology and Allied Services and Indian Institute of Banking and Finance.

    He was the Chief General Manager-in-charge of Department of Information Technology at the RBI where he spearheaded significant projects including the implementation of the Next Generation RTGS, adoption of XBRL and ISO 20022, and preparation of IT Vision of RBI for 2011-17.

    He guided Bank of Mauritius, Bank of Malaysia and Bank of Uganda on implementation of Data Warehouse and XBRL. At the International Monetary Fund and Bank of International Settlements, he delivered talks on standards and technology for data reporting. He has authored two books titled ‘Quantitative Methods for Valuation of Assets’ and ‘Quantitative Methods for Banking and Finance’.

    He holds a Ph.D. in Finance from IIT, Madras and was a top ranker in M.Sc. (Statistics), Madras University.

  • Mr. Santanu Mukherjee

    Additional Director (Independent)

    Mr. Mukherjee is currently on the Boards of Suven Life Sciences Limited, Donear Industries Limited and Bhanix Finance and Investment Limited.

    He is the former Managing Director of State Bank of Hyderabad. He has around four decades of experience in the fields of banking, finance and risk management in various capacities. From 2013 to mid-2014, he was the acting Chief General Manager of State Bank of Bikaner and Jaipur. He has also worked as a CEO of State Bank of India, Paris, from 2004 to 2008. He holds a B.Sc. (Hons.) from Presidency College and is a CAIIB.



  • Mr. Deepankar Bose

    Head , Corporate Centre

    Mr. Bose, in his role as the Head – Corporate Centre, leads multiple functions viz., Banking Operations & Customer Service, Information Technology, Compliance, Legal, Administration and Procurement. Prior to Bandhan Bank, he was with SBI where in his role as the Chief General Manager, he headed the Wealth Management business of the bank. In his many years with SBI, he handled multiple roles including heading the Mumbai Circle of SBI, General Manager – Network and an overseas assignment at SBI California. He has wide experience in banking having worked in the areas of Branch Banking, Agri-business, Credit, HR, Forex, etc., and having led large teams, branch network and transaction volumes.

  • Mr. Sanjeev Naryani

    Head, Business

    Mr. Naryani comes from SBI where in his last assignment he was designated as Chief General Manager. He has a rich 32-year experience with SBI where he handled various leadership positions in liability and lending businesses, and treasury.

  • Mr. Santanu Banerjee

    Head, HR

    He was the Head of HR – Business Relationships at Axis Bank, responsible for the strategic interface of Corporate HR with all business verticals at Axis Bank.

  • Mr. Sunil Samdani

    Chief Financial Officer

    He was the head of Business Analytics and Strategy at Development Credit Bank and was the CFO at Karvy Financial Services Ltd.

  • Mr. Siddhartha Sanyal

    Chief Economist and Head Research

    Mr. Siddhartha Sanyal has research experience of about 20 years tracking the Indian economy and financial markets. Prior to Bandhan Bank, he was with Barclays Bank PLC, where he was a Director and Chief India Economist based in Mumbai since 2010. In his previous roles, he was with the Reserve Bank of India and Edelweiss Capital.

  • Mr. Biswajit Das

    Chief Risk Officer

    He headed Risk Based Supervision & Regulatory Reporting and Business Loans at ICICI Bank.

  • Mr. Mahendra Mohan Gupta


    Mahendra Mohan Gupta is the Head-Legal of the Bank and responsible for Legal functions in our Bank. He holds a bachelor’s degree in science from Bundelkhand University and a master’s degree in law from Vikram University. He has over 32 years of extensive experience in different capacities in the Legal, Industrial Finance and Banking industry. Previously, he has worked with ICICI Bank, IFCI Ltd. & Bank of India besides teaching law and legal practice. He has been associated with our Bank since March 14, 2017.

  • Mr. Nand Kumar Singh

    Head, Banking Operations & Customer Service

    He has over 23 years of rich experience in different facets of banking, having worked with State Bank of India and Axis Bank in leadership roles prior to joining the Bank.

  • Mr. Srinivasan Balachander

    Chief Compliance Officer

    Prior to joining Bandhan Bank, he was the Chief Compliance Officer at Axis Bank. He has many years of banking experience in India and across the globe.

  • Mr. Arvind Kanagasabai


    Arvind Kanagasabai is the Head- Treasury of our Bank. He has over 29 years of experience in the banking industry across most verticals in State Bank Of India. He has over 16 years of experience in Treasury functions including that of Head – Central Treasury, SBI, Hong Kong, Executive Vice President & CFO of SBI DFHI Ltd, Mumbai. He has been director on the Board of FIMMDA for 4 years. He is responsible for treasury operations in our Bank. He has been associated with our Bank since November 24, 2016.

  • Mr. Indranil Banerjee

    Company Secretary

    Indranil Banerjee is the Company Secretary of our Bank. He holds a bachelors’ degree in science from University of Burdwan, a post graduate diploma in industrial relation and personnel management from Bhavan’s Rajendra Prasad Institute of Communication and Management and is an associate member of the Institute of Company Secretaries of India. He has over 15 years of experience in the finance sector. He is responsible for the compliance of Companies Act, 2013, applicable SEBI Regulations, Banking Regulation Act, 1949 and secretarial function of the Board and committees of the Board.