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BANDHAN BANK

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.

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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 3,992 touch points pan India consisting of 978 bank branches, 3,014 Doorstep Service Centres (DSCs) and 480 ATMs, serving more than 15.33 million customers.

The bank has mobilized deposits more than Rs. 34,639 crore and its outstanding loan book is nearly Rs. 35,599 crore. Bandhan Bank has a team of nearly 31,115 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.

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Vision To be a world class bank for convenient and affordable financial solutions to all, in an inclusive and sustainable manner’.

Mission ‘To provide our customers accessible, simple, costeffective and innovative financials solutions in a courteous and responsible manner. To create value for all stakeholders through a Committed team, robust policies and superior systems and technology’.

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Values Our values are anchored around our business ethics, consumer focus and corporate responsibility towards society at large. CREATE 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.

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Type - Private Sector Bank Traded as - BSE: 950041 / NSE: BANDHANBNK Industry – Banking Financial services Founded - 23 August 2015; 3 years ago Founders - Chandra Shekhar Ghosh Headquarters - Kolkata, West Bengal, India. Number of locations -978 branches (2017-18) Key people - Dr. Anup Kumar Sinha (Chairman) Chandra Shekhar Ghosh (MD & CEO) Operating income - ₹1,704.47 crore (US$240 million) Net income - ₹1,111.95 crore (US$150 million) (2017) Total assets - ₹30,236.09 crore (US$4.2 billion) (2017) Number of employees -28,159 (2018) Website -www.bandhanbank.com

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Board of Directors

Dr. Anup Kumar Sinha PART-TIME (INDEPENDENT) CHAIRMAN Dr. Anup Sinha is an economist with a Ph.D. from the University of Southern California, Los Angeles. He is also M.S. in Economics, University of Rochester, USA and Master in Economics from University. He is currently the Director of Heritage Business School. He has taught at Presidency College and Indian Institute of Management Calcutta. He has held visiting appointments at Calcutta University, Indian Statistical Institute, University of Southern California, Washington University at St. Louis, Curtin University at Perth and Kyoto University. He has served on the Board of NABARD. He is currently the IRDAI representative on the Life Insurance Council of India. He served three terms on the Board of Governors at IIMC and also as the Dean during 2003-06. He received the Best Faculty Award from the IIMC Alumni Association in 2003 and 2004. In 2012, 2014, 2015 he won the Most Popular Teacher Award from the outgoing MBA students of IIMC. He served IIMC as Professor of Economics for 25 years. He has been actively engaged in training and consulting for a number of organizations 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, management, etc.

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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.

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Bandhan Bank History

Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. Bandhan Bank is the first instance in India of a microfinance entity transforming into a universal bank. The bank currently offers a variety of asset and liability products and services designed for micro banking and general banking. Its asset products consist of retail loans including a substantial portfolio of micro loans as well as micro small and medium enterprise ('SME') loans and small enterprise loans. In addition to the loan and deposit products the bank also offers other banking products and services to generate non-interest income and cater towards the additional needs of its customers. These products and services include debit cards internet banking mobile banking EDC-POS terminals online bill payment services and the distribution of third-party general insurance products and mutual fund products. The Bank believes that the 'Bandhan' brand is instrumental to its success.The bank's total banking outlets as on September 30 2018 stood at 3948. The network consists of 938 branches and 3010 doorstep service centers. Total number of ATMs stood at 476. Bandhan Bank has significant presence in under-penetrated East and North East India.Bandhan Konnagar was formed in 2001 as a non-governmental organisation ('NGO') providing microfinance services to socially and economically disadvantaged women in rural West Bengal. Bandhan Financial Services (BFSL) started its microfinance business in 2006 and the NGO transferred its microfinance business to BFSL in 2009 and thereby the entire microfinance business was undertaken by BFSL. By the time BFSL transferred its microfinance business to the bank it was India's largest microfinance company by number of customers and size of loan portfolio. Bandhan Bank Limited was incorporated as on December 23 2014 at Kolkata West Bengal as a public limited company. A licence authorising the Bank to carry on banking business was issued by the RBI in terms of Section 22 of the Banking Regulation Act on June 17 2015.The Bank began operations on August 23 2015 when Bandhan Financial Services Limited ('BFSL') its ultimate parent company transferred its entire microfinance business to the bank and the bank simultaneously commenced general banking activities. To complement the micro loan business since obtaining its banking license it has also focused particularly on creating a strong general banking business. To this end it launched the general banking business on August 23 2015 by opening a greenfield network of 501 bank branches and 50 automated teller machines ('ATMs').In 2016 Bandhan Bank expanded its branch and doorstep service centers (DSC) network to 656 branches and 2022 DSCs. In 2017 the bank expanded its branch and DSC network to 840 branches and 2546 DSCs.Bandhan Bank launched an initial public offer (IPO) during the period from 15 March 2018 to 19 March 2018. The IPO was a combination of fresh issue of 9.76 crore shares and an Offer for Sale of 2.16 crore shares from selling shareholders. The IPO was priced at Rs 375 per share. The stock debuted at Rs 485 on BSE on 27 March 2018 a premium of 29.33% over the IPO price. On 28 September 2018 Bandhan Bank informed the stock exchanges that since the bank was not able to bring down the shareholding of Non

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Operative Financial Holding Company (NOFHC) to 40 percent as required under the licensing condition general permission to open new branches stands withdrawn and the bank can open branches with prior approval of RBI and the remuneration of the MD & CEO of the Bank stands frozen at the existing level till further notice. Bandhan Bank said in a statement that it is taking necessary steps to comply with the licensing condition to bring down the shareholding of NOFHC in the Bank to 40 percent and shall continue to engage with RBI in this behalf.On 12 October 2018 Bandhan Bank informed the stock exchanges that the bank has

Bandhan to Focus on Deposits in Initial Years Bandhan Financial Services, a micro finance institution (MFI), will initially focus on taking deposits after transforming itself into BandhanBank "In the initial period, the focus will be on garnering deposits from the public and then major lending activity will start," said C S Ghosh, Chairman and Managing Director of Bandhan. MFIs are not allowed to accept deposits from the public Bandhan has an asset base of around Rs 8,500 crore in the form of advances. Its liabilities are in the form of loans which it has taken from the banks. Mr Ghosh said that to create a greater liability base to help lending activity, Bandhan Bank will look to shore up its deposits. However, it will continue with some lending activity after starting banking operations, expected to commence from September. The bank will have to park a portion of its deposits with the Reserve Bank under the Statutory Liquidity Ratio norms, Mr Ghosh told reSeptembe With a capital base of Rs 3,200 crore, Bandhan would start operations pan-India with 600 branches, which would also have on-site ATMs. The bank is also looking to expand in the southern states - Karnataka, Tamil Nadu, Andhra Pradesh and Kerala. Bandhan got the in-principle approval last April from the Reserve Bank to start banking operations within a time-frame of 18 months. NDTV PROFIT Updated : February 20, 2015