bandhan bank – The Purbottar

20 May

Bandhan Bank registers strong business growth in Q4FY22

Business Correspondent0 CommentsBusiness, Indiabandhan bank, growth in Q4FY22

Bandhan Bank announced its financial results for the final quarter of the financial year 2021-22. The Bank’s total business (deposits and advances) grew 18.6% year on year to reach around Rs.1.96 lakh-crore as of March 31, 2022. The Bank serves 2.63-crore customers through 5,639 banking outlets across 34 of the 36 states and union territories in India. The total number of employees working at Bandhan Bank stands at 60,211. During the fourth quarter of the current financial year, the Bank’s deposit book grew 24% over the corresponding quarter of the previous year. The total deposits now stand at Rs.96,331-crore. In…

25 Jan

Bandhan Bank registers strong business growth in Q3FY22

editor0 CommentsIndiabandhan bank

Bandhan Bank, has announced its financial results for the third quarter of financial year 2021-22. The Bank continued to witness strong business growth, as the economy revived strongly. The Bank’s total business (deposits and advances) grew 15% year-on-year to reach Rs.1.73 lakh croreas on December 31, 2021. The Bank, in its sixth year of operations, serves 2.51 crore customers through 5626banking outlets across 34 of the 36 states and union territories in India.The total number of employees working at Bandhan Bank stands at 55,341.The total deposits now stand at Rs.84,500 crore. The current account and savings account (CASA) book grew…

02 Nov

Bandhan Bank appointed as RBI’s Agency Bank

editor0 CommentsIndiabandhan bank, RBI

The Reserve Bank of India (RBI) has authorised Bandhan Bank as an Agency Bank of the RBI for undertaking Government business. The appointment would allow Bandhan Bank, to undertake Government business on behalf of the RBI. With this, Bandhan Bank joins ranks with a few other scheduled private sector banks to be empanelled as Agency Banks of the RBI. As an Agency Bank of the RBI, authorised to undertake government business, Bandhan Bank will be able to handle transactions related to collection of state taxes and revenue receipts such as GST and VAT; collection of stamp duty and pension payments…

31 Oct

Bandhan Bank’s reports strong growth Q2FY22

editor0 CommentsBusinessbandhan bank

Bandhan Bank, has announced its financial results for the second quarter of financial year 2021-22. The Bank continued to witness business growth, as the challenging economic situation gradually eases.The Bank’s total deposits now stand at Rs.81,898 crore. The current account and savings account (CASA) book grew by 45% year-on-year,and the CASA ratio now stands at close to 45% of the overall deposit book. In this period, the Bank’s retail deposit book showed substantial growth, growing 35% year-on-year to Rs. 68,787 crore. The share of retail to total deposits now stands at 84%, showing the granular nature of the deposits with…

27 Oct

Bandhan Bank brings on board Zubeen Garg as its brand ambassador in Assam

editor0 CommentsAssambandhan bank, zubeen garg

Bandhan Bank, has announced that renowned singer, actor and composer, Zubeen Garg, will be the brand ambassador for the Bank in Assam. This association is a landmark one for Bandhan Bank as this is the first time ever that the Bank has associated with a brand ambassador since its inception six years back.To mark the commencement of this association, Zubeen has released his new music video which showcases diverse elements of Assameseculture and heritage. The song and video have been producedcourtesy of Bandhan Bank. Titled: ‘Axomamaarmonepraane, milichoakeishurorbandhane(Assam is in my mind and soul, and bound together by the bond of…

28 Jan

Bandhan Bank’s total deposits grew 30%

editor0 CommentsBusinessbandhan bank

Bandhan Bank completed five years of operations in August 2020. The Bank announced its financial results for the Q3 of financial year 2020-21. Chandra Shekhar Ghosh, MD & CEO, said, “We have seen a healthy rise in both deposits and advances for the third quarter of FY21. We continue to enjoy the trust and confidence of our customers and are committed to serving them through a diverse range of product offerings and banking channels going forward.” The Bank’s total business (deposits and advances) grew 26% year-on-year to reach Rs.1.51-lakh crore. The Bank’s deposit book grew 30% over the corresponding quarter…

24 Aug

Bandhan Bank is now 5

editor0 CommentsBusinessbandhan bank

India’s youngest universal bank, Bandhan Bank will complete its five successful years of operations on August 23, 2020. In June 2015, the Bandhan Group was given approval by the Reserve Bank of India (RBI) to set up a universal bank. For around two decades, Bandhan has tirelessly worked for the upliftment of India’s economically weak through access to timely microcredit, freeing the poor from the clutches of usurious moneylenders. After becoming a bank, Bandhan Bank has spread its reach to diverse corners of India across 34 states and UTs via its 4,559 banking outlets and 485 ATMs. Apart from its…

21 Aug

Bandhan Bank Turns 5: Going from strength to strength

editor0 CommentsNorth Eastbandhan bank

Bandhan Bank, India’s youngest universal bank focussed on serving the needs of the unbanked and underbanked sections of society will be completing five successful years of operations on August 23, 2020. In June 2015, the Bandhan Group, which addresses the financial needs of those at the bottom-of-the-pyramid across India’s rural and semi-urban areas, was given the final approval by the Reserve Bank of India (RBI) to set up a universal bank. For around two decades, Bandhan has tirelessly worked for the upliftment of India’s economically weak through access to timely microcredit, freeing the poor from the clutches of usurious moneylenders. …