Strong Fundamental of Bandhan Bank Helps To Cross crosses ₹1 lakh crore

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Bandhan Bank was incorporated on 23rd December 2014 as a wholly oened subsidiary of Bandhan Financial Holdings Limited. Initially started with 501 branches,50 ATMs and 2,22 Door step service centres(DSCs) on day one. With it’s 4,229 banking outlets pan-India serving more than 1.83 crore customers. Of these outlets ,1,009 are bank branches,3,025 Doorstep service Centres( DSCs) and 195 GRUH centres. And the bank has 485 ATMs.


The bank has mobilised deposits more than Rs.49,195 crore and its total advances stand at Rs.64,186 crore taking the total business to Rs.1,13,381 crore as on September 30,2019. The bank has a team of 35,468 employees on payroll under the leadership of CS Ghosh, CMD, Bandhan Bank.


Ghosh had Born in a village in Greater Tripura in 1960 and in the initial days, Ghosh sold milk and gave private tuitions to support himself and spent a good part of his life interacting with extremely poor people in rural areas of Bangladesh and eastern India has been feted by the markets now.


Kolkata-based private lender Bandhan Bank has already made the record in 2018 it’s scrip got listed at Rs 499 on the NSE, a 33 per cent premium to the issue price of Rs 375. The Rs 4,473 crore IPO was subscribed 14.62 times.


Bandhan bank has the core focus towards the microloan business and lending to MFIs and  the size of our loans-to-MFI portfolio is Rs 2,300 crore and don’t really consider lending to MFIs as corporate lending. Mr. Ghosh says, our micro-loan portfolio accounts for 84% of our book, which may reduce to 75% in two years’ time as a result of the acquisition of Gruh Finance. We will continue to grow the microloan business. Says, Chandra Shekhar Ghosh of Bandhan Bank rose from poverty to riches.


With Gruh, the Bandhan BankNSE 4.26 % credit growth has come to 37.7% and 35% growth has come in the small ticket size and 60% has come to the non-micro credit portfolio, says CS Ghosh, CMD, Bandhan Bank. For Bandhan, the benefit on the book from tax point of view is a total of Rs 150 crore.


The second quarter performance has been very good and it was the result of the merger with Gruh Finance. We have started working as one team now and as per 30th September 2019, we saw our advances have grown 92% which is Rs 64,000 crore as a result of the merger.

We cannot say that but I have not seen any adverse thing which can deteriorate it. We have been very confident from growth and quality point of view and we would like to maintain it this way. Remember I said, the last two quarters’ growth is always better than the first two quarters. That will continue.

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