20 Facts About Bandhan Bank

1. Bandhan Bank Limited has submitted to the Exchange, the financial results for the period ended June 30, 2018.

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2. Bandhan Bank has a total of 937 branches, the number remaining below its target of opening 1,000 branches by March 2019.

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3. Bandhan Bank will now primarily cater to the unorganized sector in India like daily wage earners and women running small businesses.

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4. Bandhan Bank has become the first micro-finance company in India to start operation as full-fledged scheduled commercial bank.

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5. Bandhan Bank was inaugurated by Union Finance Minister Arun Jaitley in Kolkata, ushering in a new era in country's banking sector to reach out to the unbanked population.

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6. Bandhan Bank chose Trend Micro security solutions by conducting a proof of concept.

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7. Bandhan Bank is driven by a constant mission to deliver superior service.

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8. Bandhan Bank Limited, headquartered in Kolkata, West Bengal, was incorporated in December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited.

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9. Bandhan Bank fixed deposit accounts can be opened for short and long-term periods.

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10. Bandhan Bank began operations in August 15 and had a total business of Rs 48,225 crore as of 31 December 2017, through a vast network of 887 bank branches and 430 ATMs, together serving over 2.13 million general banking customers.

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11. Bandhan Bank became the first microfinance institution in 2014 to receive a banking licence in India.

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12. At the upper end of the price band, Bandhan Bank will be available at a multiple of 4.9 times its nine-month FY18 book value post the fresh issue.

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13. Bandhan Bank had 887 branches as of December 2017, with a higher presence in north and north-east India.

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14. Bandhan Bank is set to become the latest listed lender in India as it looks to raise Rs 4,473 crore via an initial public offering that opens on Thursday.

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15. Bandhan Bank was incorporated on 23 December 2014 as a wholly owned subsidiary of Bandhan Financial Holdings.

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16. Bandhan Bank has a team of nearly 30,431 employees on roll.

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17. Bandhan Bank started with 501 branches, 50 ATMs and 2,022 Door step Service Centres on day one.

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18. Bandhan Bank is driven by a constant desire to serve better.

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19. Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited.

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20. Bandhan Bank became the 8th largest bank in India by market capital (₹ 56920 Cr).

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