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-principal 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 is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organisation in India.Its public shareholders include International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited), Bandhan Employees Welfare Trust, and a fewindividuals.The RBI licensing norms stipulate that a new bank must have a Rs. 500 crore capital. Bandhan Bank starts with a capital base of Rs. 2,570 crore.