BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, October 16, 2015

Bandhan Bank has garnered a deposit base of Rs 1,500 crore

Bandhan Bank has garnered a deposit base of Rs 1,500 crore

 
Private sector lender Bandhan Bank, which started operations as a full-fledged bank from August this year, has garnered a deposit base of Rs 1,500 crore till date. "From August 23 (when the bank began operations) till date Bandhan Bank's deposit base crossed Rs 1,500 crore," CMD of bank C S Ghosh told reporters here today. He said that the CASA percentage was 26, the balance being term deposits. "It is very encouraging that the deposit base has been so good within such a short period. It is of great help to us," Ghosh said. 

Bandhan, which transformed itself from a micro-finance institution (MFI) to a bank, is seeking to shore up its deposit base as it could not do so in its erstwhile form.  Ghosh said existing equity investors like SIDBI, IFC and GIC Sovereign Fund of Singapore would jointly put in Rs 500 crore as additional capital in the bank. Ghosh said existing equity investors like SIDBI, IFC and GIC Sovereign Fund of Singapore would jointly put in Rs 500 crore as additional capital in the bank.  
He has been elected to the management committee of Indian Banks Association (IBA). 
Bandhan Bank is the first instance of a micro-finance entity in India transforming into a universal bank. It received an in-principle approval from the RBI in April 2014 and the banking regulator's final nod on June 17, 2015. The bank has 523 branches at present .

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">