Bandhan Bank Ltd announced its Board of Directors & unveils logo

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BANKING




Bandhan 
Bank 
announces 
Board of 
Directors, 
unveils logo



President Pranab Mukherjee to launch 
the bank on August 23 in Kolkata



by Shrutee K / DNS

Kolkata : Bandhan Bank Ltd announced its Board of Directors .The universal bank will commence operations in India from August 23, 2015. Honourable President of India Shri Pranab Mukherjee will launch the newest bank of India in Kolkata at Science City Auditorium. Bandhan Bank Ltd.  will be the first bank to be born in eastern India post Independence.
The Boardhad its first meeting today in Kolkata at Bandhan Bank’s headquarters.
Mr. Chandra Shekhar Ghosh, said, “Bandhan Bank will benefit immensely from the wealth of experience and insights of the board members. I am also proud of my senior management team. Together we will usher in a new era in Indian banking.”


The bank unveiled its visual identity today – an image of the traditional Indian ‘Diya’. Mr. Piyush Pandey, Executive Chairman and Creative Director, South Asia, Ogilvy and Mather, the agency that designed the logo, said, "When you see the logo, you will notice extensive use of the colour red. Now, red is associated with all that's auspicious. The flame or the ' Diya' - the other part of the visual identity - symbolizes a ray of hope, a new morning. Between the red colour and the flame, the Bandhan Bank logo holds the promise of good things to look forward to."


About Bandhan Bank Ltd


Bandhan Bank is the first instance in India of a microfinance entity transforming into a universal bank. Its earlier avatar, Bandhan Financial Services Ltd, made a humble beginning in 2001 with the idea of making a significant contribution towards alleviation of poverty by empowering women. It is registered as a non-banking finance company (NBFC) with the Reserve Bank of India.  Its operations are spread across 22 Indian states through a network of 2,022 branches. With a dedicated workforce of 17,500 employees, Bandhan touches the lives of more than 6.7million women.

The loan book stands at nearly INR 10,000 crore. Besides microfinance, Bandhan is also actively engaged in the development space in the areas of like education, health, livelihood promotion, enterprise development, market linkage, employment generation, renewable energy and others. Every year a portion of the surplus generated by the company is utilized in supporting these activities. 

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