Bandhan Bank Ltd

Bandhan Bank Share Price Today

Bandhan Bank is the first microfinance institution in India to become a universal bank. Originally known as Bandhan Konnagar, the organisation was founded in 2001 as a non-governmental organisation (NGO) to provide microfinance services to economically disadvantaged women in rural West Bengal. In 2009, the NGO transferred its microfinance operations to Bandhan Financial Services (BFSL).

Bandhan Bank History

Bandhan Bank Ltd was founded on December 23, 2014, in Kolkata, West Bengal, as a public limited company. By the time BFSL handed its microfinance business to the bank, it had become India's largest microfinance firm in terms of client base and loan portfolio. It began its general banking operations in 2015 by establishing a greenfield network of 501 bank branches and 50 ATMs.

Bandhan Bank had its first public offering (IPO) between March 15 and March 19, 2018. The IPO consisted of a new issuance of 9.76 crore shares and an offer for sale of 2.16 crore shares from selling shareholders. The stock debuted at a 29.33% premium. Bandhan Bank share price keeps fluctuating, so you can find the Bandhan Bank share price target on BlinkX. 

Business Segments of Bandhan Bank

Bandhan Bank operates the following business segments:

• Loans
• Savings accounts, recurring deposits, fixed deposits
• Mutual Funds
• Debit Cards, bill payments, money transfers, internet banking, mobile banking, doorstep banking

The bank provides a wide range of loans through its Banking Unit (BU) branches to help small companies in need of funding. Through its BU branches, the bank offers group loans as well as Small Business and Agri Loans (SBAL).

Aside from loan and deposit products, the bank provides goods and services that earn non-interest revenue and address its clients' extra demands. Debit cards, internet and mobile banking, EDC-POS machines, online payment services, and the distribution of third-party general insurance and mutual fund products are all examples of such offerings.

Key Personnel of Bandhan Bank

Mr. Ghosh started Bandhan Bank in 2001. It was a non-profit organisation dedicated to promoting sustainable livelihood opportunities for women. In August 2015, he spearheaded Bandhan's shift into an NBFC-MFI and, finally, a universal bank. Ghosh, who has an M.Sc. in Statistics, was the previous President of the Bengal Chamber of Commerce and Industry (BCC&I). He was also the previous Chairman of the CII Eastern Region and a member of the IBA's Managing Committee. He co-chairs FICCI's Financial Inclusion Committee. Keep track of Bandhan share price for more insights.

Corporate Actions Bandhan Bank

The following are some of the important corporate activities made by Bandhan Bank in the recent years:

Bandhan Bank Mergers and Acquisitions

• In January 2019, Bandhan Bank, one of India's major private sector banks, announced the acquisition of Gruh Finance, a subsidiary of the former Housing Development Finance Corporation Ltd. (HDFC).
• IDFC Mutual Fund was bought in January 2023 by a group that included Bandhan Financial Holdings Limited (BFHL), GIC, and ChrysCapital.
• Bandhan Bank has not disclosed any stock splits, bonus share offerings, or rights issues.

Bandhan Bank Financial Performance

The following are some of Bandhan Bank's notable financial highlights during the previous few years:

• Bandhan Bank's income increased by about 10x from Rs.1,581 crore to Rs.15,905 crore in 7 years (March 2016–March 2023).
• The company's net profit climbed significantly from Rs.126 crore in FY 2022 to Rs.2,195 crore in FY 2023.

The company's cash flows have been variable, with outflows of Rs.2,125 crore, inflows of Rs.3,093 crore, and outflows of Rs.1,071 crore in FY 2021, 2022, and 2023.