BandhanBank – The Purbottar

09 May

Bandhan Bank’s Business Grows in FY2020-21

editor0 CommentsBusinessBandhanBank, FY2020-21

Financial results of Bandhan Bank for the quarter and financial year ended March 31, 2021 have been announced. The Bank’s total business (deposits and advances) grew 28% year-on-year to reach Rs.1.65 lakh crore at the end of FY2020-21. Bandhan Bank’s deposit book grew 37% over the corresponding quarter of the previous year. The total deposits now stand at Rs.77,972-crore. The current account + savings account (CASA) book grew by 61% year-on-year, and the CASA ratio now stands at 43.4% of the overall deposit book. With respect to advances, the bank saw 21% growth over the corresponding quarter of the previous…

30 Jul

Bandhan Bank set its sights on future

editor0 CommentsBusinessBandhanBank

Bandhan Bank is going to complete 5 years as a universal bank. The bank has now set its sights on the future and unveiled a roadmap for future growth through Vision 2025. With 71% of its banking outlets located in rural and semi-urban areas, Bandhan Bank is reaching out to the unbanked and under-banked individuals in the hinterlands of India and giving them access to organized finance, in line with its purpose of inclusive banking. To empower the microloan customer even further, Bandhan Bank reduced the interest rate on microcredit in the year under review by 70 basis points (bps)…

18 Jul

Bandhan Bank’s Q1FY21 Financial Result

editor0 CommentsBusinessBandhanBank

The Board of Directors of Bandhan Bank Ltd., at a meeting held in Kolkata approved its Financial Results for the Quarter ended June 30, 2020. While commenting on the bank’s performance, its Managing Director and CEO Mr. Chandra Shekhar Ghosh said, during the quarter, they have started collections post unlocking announced by the government. Overall Bank collections improved to 76% by end of June’20 compared to 29% in April’20. The bank continued to showcase the strengths of its retail deposit franchise with strong growth of 35% during this difficult time, especially CASA growing by over 47%. During the quarter the…

16 Jul

Bandhan Bank grows stronger – now has 2.03 crore customers

editor0 CommentsBusinessBandhanBank

Bandhan Bank today announced the results of the first quarter of financial year 2020 - 21. The Bank’s total business grew 24.99% year-on-year to reach Rs.1,34,941 crores. The Bank started operations in FY15-16 and will complete five years of operations in August this year. In just 5 years, the Bank has 4,559 banking outlets through which it serves 2.03 crore customers. The total number of employees working at Bandhan Bank stands at 41563. The Bank’s deposit book grew 35.30% over the corresponding quarter of the previous year. The total deposits now stand at Rs.60,610 crore. The current account + savings…

07 Jul

FIT and NEFIT contribute Rs.50 crore

editor0 CommentsNorth East50 crore, BandhanBank

In 2001, Chandra Shekhar Ghosh started Bandhan as an NGO, aimed at women empowerment and poverty alleviation, by helping marginalised women develop income-generating activities through microcredit. With time, the NGO grew its operations manifold and two trusts – Financial Inclusion Trust (FIT) and North East Financial Inclusion Trust (NEFIT) – were created to run development programmes for the marginalised communities, apart from Bandhan. In 2015, when Bandhan Bank was formed, FIT and NEFIT assumed the role of promoters of the Bank. The country is going through unprecedented times and many have been affected by the pandemic and its effect. C…