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Our reach as on February 2014

  • States & Union Territories - 22
  • Branches - 2,016
  • Borrowers - 52,33,193
  • Staff - 12,961
  • Loan disbursed for the month -
    Rs.
    963crores
  • Loan outstanding - Rs. 5,704 crores
States & Union Territories and Branches


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Recent Events

 
  IFC representative visits Bandhan

IFC representative visits Bandhan

Ms. Ayaan Adam, Head Financial Institutions Private Equity & Manager Financial Markets South Asia, International Finance Corporation visited Bandhan headquarters on January 31, 2012. She had the opportunity to meet and interact with some of the senior management members of Bandhan and Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan. She was given a brief presentation on Bandhan and its activities by Ms. Maneeta Rathore, Senior Manager, Institutional Finance, Bandhan. Before departing she expressed her interest to visit Bandhan's field.


  Workshop on Microfinance organised by Indian Institute of Foreign Trade

Workshop on Microfinance organised by Indian Institute of Foreign Trade

A workshop on microfinance titled Current Issues in Financing and Regulation of Microfinance Institutions in India was organized by Indian Institute of Foreign Trade (IIFT) on January 27, 2012 in their Kolkata campus. The theme centered around the prevailing regulations which are germane to the industry and also issues related to financing. The perpetual tradeoff between efficiency and outreach was at the heart of the discussions especially since the MFI industry is at crossroads.




Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan was invited to deliver the keynote address in the presence of Guest of Honor, Shri. Ashoke Kumar Das, MD, WBIDFC & Special Secretary to Finance Minister, Government of West Bengal. Mr. Ghosh also shared his views in the panel discussion on Regulation of Microfinance. Other participants at the panel discussion included Shri. P.V.S. Suryakumar, GM, NABARD Shri. A. R. Samal, GM, SIDBI and Mr. Rakesh K. Saxena, AGM, Indian Overseas Bank.The workshop also witnessed the presentation of a report titled Foreign Capital Flows and MFI Performance by Dr. Bibek Ray Chaudhuri, IIFT.

Mr. Satyaki Dasgupta, Sr. Communication Officer, Bandhan was also in attendance at the workshop.

  Bandhan on a series of panel discussions organized by Skoch Group

Bandhan on a series of panel discussions organized by Skoch Group

Skoch Group commemorated the Financial Inclusion Day on January 05, 2012 with a series of events viz. conclaves, panel discussions and Skoch Awards organized in New Delhi. The Financial Inclusion Day was supported by nearly ten ministries and government departments. It brought on board more than 200 senior delegates from various sectors across the country. Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan participated at the Bankers, Cooperatives & CBOs Conclave as a panelist on the same day. Simultaneously Ms. Ashoka Chatterjee, Head-Institutional Finance, Bandhan took part as a participant in a roundtable on Investor Protection & Financial Literacy.

  Bandhan participates at Microfinance India Summit 2011

Bandhan participates at Microfinance India Summit 2011

The 8th Microfinance India Summit 2011 was organized by ACCESS Development Services on December 12-13, 2011 at Hotel Ashok in New Delhi.

In the context of the turn of events over the past one year in the Indian microfinance sector, the overall theme of the Summit was Bridging the Hiatus, Building Trust, with a view to look ahead and rebuild the sector. The Summit provided a timely platform for stakeholders to come together and discuss the current debates of client protection and social performance, the implications of a regulatory environment, the new thrust of the SHG movement and obstacles of financial inclusion.

The break-out session titled Health and Microfinance: The Case for Integration held on December 13, 2011 under the aegis of Microcredit Summit Campaign and Freedom From Hunger explored the need and opportunities of synchronizing health with microfinance by sharing the successful efforts of some leading practitioners of microfinance and health in India. Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan participated in the above-mentioned session as a panelist and reflected on the relevance of MFIs delivering health services. Bandhan's experience on the same was brought into focus by Ms. Maneeta Rathore, Sr. Manager, Institutional Finance, Bandhan. The other attendees from Bandhan were Ms. Ashoka Chatterjeee, Head-Institutional Finance and Ms. Arpita Sen, AGM-Institutional Finance.

The summit also acts as a ground for bestowal of the prestigious Microfinance India Awards. Bandhan being the first recipient of the 'Institution of the year' when it was first instituted in the year 2009, Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan was requested to confer this year's award on Ujjivan Financial Services. Mr. Samit Ghosh, Managing Director, Ujjivan received the award on behalf of the organization.

Mr. Y.C. Nanda, Chairman, Agriculture Finance Corporation and Former Chairman NABARD received Jury's Special Award for Lifetime Achievement. Bandhan is privileged to have Mr. Nanda as a distinguished Director of its Board.

  Bandhan attends workshop on Daily Work Management by BCCI

Bandhan attends workshop on Daily Work Management by BCCI

The Bengal Chamber of Commerce and Industry ((BCCI) partnered with Quality Circle Forum of India (QCFI) to organize a one day workshop on Daily Work Management with the help of representatives from industry, academia and others on December 07, 2011 at the chamber premises.

The objective of the workshop was to enhance the knowledge and the capability for implementation of various statistical tools and techniques vis-à-vis Cause and Effect Diagram-Man, Machine, Method and Materials, Pareto Analysis-Major causes applied in day to day business operations. It is believed that this would help in furthering development and growth in organizations in areas like organizational behavior, housekeeping-5S and its applications, application of problem solving tools and techniques-in respect of quality of the products/ services, group dynamics of small group activities, production/ process and productivity.

Mr. Ronendra Chowdhury, General Manager, Operations and Mr. Satyajit Ghosh, Deputy General Manager, Operations, Bandhan were in attendance at this workshop.

  3-day Exposure Visit organized for Ethiopia-based REST

3-day Exposure Visit organized for Ethiopia-based REST

Bandhan hosted a 3-day exposure visit for Relief Society of Tigray (REST), an Ethiopia-based organization, between December 22-24, 2011. REST was keen to learn about Bandhan's holistic model of poverty alleviation. On the first day, they were given an overview of the organization by Ms. Maneeta Rathore, Senior Manager, Institutional Finance. Following the presentation, the team had the opportunity to witness a microfinance group meeting, interact with the borrowers, observe a couple of their business projects and also understand the book-keeping system at the branch office.

The 3-member Ethiopian team also visited Bandhan's Targeting the Hard core Poor (THP) Program. They interacted with both ongoing and graduate beneficiaries and this helped them understand better the process of integration to mainstream finance. The concluding day was reserved for a debriefing session at the Head Quarters with Mr. Chandra Shekhar Ghosh, Founder & Mentor, Bandhan, who readily responded to their queries. The team returned with a gamut of ideas and learnings which would help them to add value to their existing program.

  Bandhan participates at Microfinance India Summit 2011

Bandhan participates at Microfinance India Summit 2011

The 8th Microfinance India Summit 2011 was organized by ACCESS Development Services on December 12-13, 2011 at Hotel Ashok in New Delhi. The Annual Summit, an international event brought the sector together to identify impediments to its organized growth, analyze trends and help to construct a vision for its future growth and raised topical issues for discussion and debate.

In the context of the turn of events over the past one year in the Indian microfinance sector, the overall theme of the Summit was Bridging the Hiatus, Building Trust, with a view to look ahead and rebuild the sector. The Summit provided a timely platform for stakeholders to come together and discuss the current debates of client protection and social performance, the implications of a regulatory environment, the new thrust of the SHG movement and obstacles of financial inclusion.

As per convention, State of the Sector Report on Microfinance 2011 was released on the inaugural day alongwith other knowledge products. Bandhan being the first recipient of the Microfinance India Award 2009 in the category of 'Institution of the year', Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan was requested to confer this year's award on Ujjivan Financial Services. Mr. Samit Ghosh, Managing Director, Ujjivan received the award on behalf of the organization.



Mr. Y.C. Nanda, Chairman, Agriculture Finance Corporation and Former Chairman NABARD received Jury's Special Award for Lifetime Achievement. Bandhan is privileged to have Mr. Nanda as a distinguished Director of its Board.

Mr. C. S. Ghosh also participated in a session titled Health and Microfinance: The Case for Integration as a panelist. The other attendees from Bandhan were Ms. Ashoka Chatterjeee, Head-Institutional Finance, Ms. Arpita Sen, AGM-Institutional Finance and Ms. Maneeta Rathore, Sr. Manager-Institutional Finance.

  Bandhan attends workshop on Daily Work Management by BCCI

Bandhan attends workshop on Daily Work Management by BCCI

The Bengal Chamber of Commerce and Industry ((BCCI) partnered with Quality Circle Forum of India (QCFI) to organize a one day workshop on Daily Work Management with the help of representatives from industry, academia and others on December 7, 2011 at the chamber premises.

The objective of the workshop was to enhance the knowledge and the capability for implementation of various statistical tools and techniques vis-à-vis Cause and Effect Diagram-Man, Machine, Method and Materials, Pareto Analysis-Major causes applied in day to day business operations. It is believed that this would help in furthering development and growth in organizations in areas like organizational behavior, housekeeping-5S and its applications, application of problem solving tools and techniques-in respect of quality of the products/ services, group dynamics of small group activities, production/ process and productivity.

Bandhan was invited to participate at the workshop. Mr. Ronendra Chowdhury, General Manager, Operations and Mr. Satyajit Ghosh, Deputy General Manager, Operations, Bandhan were in attendance.

  2-day Exposure Visit for Chinese delegation in Delhi

2-day Exposure Visit for Chinese delegation in Delhi

The Delhi Circle Office of Bandhan hosted a team of 9 delegates from Baoshang Bank, China after receiving request from China Microfinance Association to undertake the same. The 2-day Exposure Visit took place on November 28-29, 2011 in Delhi.

   Mr. C. S. Ghosh participates in the 4-day Global Microcredit Summit in Spain as a panelist

Mr. C. S. Ghosh participates in the 4-day Global Microcredit Summit in Spain as a panelist

From November 14-17, 2011, more than 2,000 delegates from over 11 countries gathered in Valladolid, Spain for the Global Microcredit Summit, an event that is organized once every five years. The groundbreaking Summit was organized by Microcredit Summit Campaign (MCS) with support from Spanish Agency for International Development (AECID). H.M. Queen Sofia of Spain and Sir Fazle Abedof BRAC were in attendance.

Recognizing the contribution and leadership of Mr. Chandra Shekhar Ghosh in microfinance and development, he was invited as a panelist on a workshop titled "A Deeper Look at Programs that Work with the Ultra-Poor: From Safety Net Programs to Other Innovations."

   Bandhan partners at CII's Banking Colloquium 2011

Bandhan partners at CII's Banking Colloquium 2011

Confederation of Indian Industry (CII) organized the Banking Colloquium 2011 Financing Growth Initiatives: Opportunities & Challenges on October 20, 2011 at Taj Bengal, Kolkata.

Mr. Chandra Shekhar Ghosh was the Chairman for the 1st technical session on Financing Inclusive Growth in the East: A Reality Check. It was a very interesting session and the distinguished panelists shared their views on the subject. The session was followed by questions from the participants.

Apart from the Chairman & Managing Director, Mr. Ghosh, the following senior management members were also in attendance of the colloquium. Mr. Ronendra Chowdhury, General Manager Operations, Ms. Ashoka Chatterjee, Head Institutional Finance, Mr. Partha Sarathi Basu, Deputy General Manager HRD, Ms. Arpita Sen, Assistant General Manager Institutional Finance and Ms. Maneeta Rathore, Senior Manager Institutional Finance. Present also were Senior Communication Officers, Mr. Satyaki Dasgupta and Mr. Papu Banerjee.

Bandhan was the Gold Partner for this Banking Colloquium. It had put up a stall exhibiting the products made by its borrowers. The colloquium attendees greatly appreciated the products and some of them also purchased it from the stall.

   Roundtable organized on “Contributing through Research to Policy Development”

Roundtable organized on “Contributing through Research to Policy Development”

The Centre for Micro Finance (CMF) and Sa-Dhan conducted a roundtable discussion “Contributing through Research to Policy Development” on September 22, 2011 at Swabhumi, Kolkata.

The West Bengal roundtable was the second in a series of state-level discussions CMF has been organizing in partnership with lead Microfinance network and institutions. The round-table aimed to present some of sector’s research findings and fostered a productive dialogue between microfinance practitioners, policymakers, bankers and researchers on issues relevant to current and future state of microfinance in West Bengal.

Mr. Debasish Roy Chowdhury, CEO, Bandhan’s development wing, Ms. Piyali Bhattacharjee, Senior Manager, Research & Development and Mr. Subho Biswas, Research Associate contributed substantially in the discussion on behalf of Bandhan.

   IIMC invites Bandhan to deliver a presentation

IIMC invites Bandhan to deliver a presentation

Indian Institute of Management (IIM), Calcutta offers a course on ‘Entrepreneurship in NGOs’ for its MBA students. The course objective is to enlighten them on the activities of various organizations, their sustainability, fund raising, duty towards society and the like.

Bandhan is invited every year to deliver a presentation and brief the students about its activities. On September 21, 2011, Ms. Maneeta Rathore, Senior Manager Institutional Finance visited IIMC campus and made a presentation to the students pursuing the above mentioned course. She was accompanied by Mr. Partha Pratim Samanta, DGM Operation.

Post the presentation, some of the students have expressed their interest to intern with Bandhan. Bandhan is looking into the internship requests.

  Visit of IFC’s Director for South Asia

Visit of IFC’s Director for South Asia

Mr. Thomas S. Davenport, Director, South Asia—International Finance Corporation paid a visit to the Bandhan’s Head Office on September 2, 2011, soon after closing of the IFC equity round. He was accompanied by other senior officials from IFC like Mr. Anil Sinha, Regional Head, Advisory Services, South Asia, Mr. Swapnil K Neeraj, Senior Microfinance Specialist-Global Financial Markets, Mr. Subrata Dutta Gupta, Head-Kolkata & Senior Housing Finance Specialist and Mr. Sattyakee D’com Bhuyan, Communications Associate, Advisory Services in South Asia. Mr. Davenport interacted with Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan and the senior management team of Bandhan.

   Meeting on development of WISSDOM2-Banking
Government of India has identified the Banking and Financial Services sector as a critical sector and wishes all candidate organizations to become ISO 27001 compliant. Towards this end, the Department of Information Technology (DIT), Govt. of India, has sanctioned a project for the development of a tool suite that will serve to make Banks and Financial organizations ISO 27001 compliant. This tool suite has been termed WISSDOM2-Banking (Web-service based Information System Security Design and Operational Management for Banking), and is being developed by the Centre for Distributed Computing, Jadavpur University (CDC-JU).

In this connection a meeting was organized in the Department of Computer Sc. & Engg, Jadavpur University on September 8, 2011 to discuss the design and development of WISSDOM2-Banking. Bandhan was invited to share their suggestions in giving shape to the tool suite. Mr. Ronti Kar, General Manager, IT & MIS represented Bandhan at the meeting.

   FICCI-IBA Conference on ‘Global Banking: Paradigm Shift’
FICCI (Federation of Indian Chambers of Commerce & Industry) along with IBA (Indian Bank Association) organized the tenth edition of Annual Conference on ‘Global Banking: Paradigm Shift’ (FIBAC 2011) from August 23-25, 2011 in Mumbai. The theme of this year’s conference was ‘Productivity Excellence’. The Boston Consulting Group (BCG), pre-eminent global strategy consulting firm, was the Knowledge Partner to the conference.

Dr. D Subbarao, Governor, Reserve Bank of India, Prof. Njuguna Ndung’s, Governor, Central Bank of Kenya and Mr. Tiff Macklem, Senior Deputy Governor, Bank of Canada graced the occasion.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan attended the conference on the inaugural day. Ms. Ashoka Chatterjee, Head-Institutional Finance represented Bandhan on the second day.

   5-day training program on “Gender Budgeting for Empowerment of Rural Poor Women”
A training program on ‘Gender Budgeting for Empowerment of Rural Poor Women’ was held at the National Institute of Rural Development, Ministry of Rural Development, Government of India Hyderabad from August 1st- 5th 2011. The program was designed to sensitize and empower the officials in assessing the status of women, allocation of resources for women development and designing Gender Budgets in Rural development programs and empower the Rural Poor Women. The program was primarily meant for PDs, APDs, DRDA Officials, Senior and Middle Level Development Personnel from Rural Development Department, Women Development Corporation, Banks and NGOs.

Mr. Mrinmoy Mondal, Assistant Manager, Training participated at the training program held in Hyderabad.

   Expert Group Consultation on the Gender Issues in the MF Draft Bill
United Nations Development Programme (UNDP) and the Gender Community, Solution Exchange – a Knowledge Management initiative of United Nations agencies in India organized an Expert Group Consultation on August 17, 2011 at UNDP Conference Hall, New Delhi to review the Microfinance Institutions (Development and Regulation) Draft Bill 2011 from a gender perspective.

The Ministry of Finance, Government of India has placed same Draft Bill on its website, inviting comments from various stakeholder groups. The Consultation comprising of a group of selected experts from across the country, focused on some of the key questions like the provisions in the Bill with gender implications, impact on women’s economic empowerment, implications for women-owned and managed financial institutions and also indebtedness. The discourse also delved inside the possible impact of the Bill on the RBI-professed financial inclusion agenda, especially for women.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan participated in the Consultation following an invitation from the authorities.

   Roundtable on Inclusive Banking at India International Banking and Finance Summit 2011
The inaugural “India International Banking and Finance Summit” was organized in London on June 19-20, 2011. The summit was supported by UK Trade & investment, The CityUK, City of London Corporation, and the Government of India led by its High Commission in the UK.

Nearly 30 banking and financial services organizations from India and over 400 from UK/Europe participated in the two-day summit.

The summit addressed various topics including banking regulations in India, Capital markets, Asset management, Infrastructure financing, financial services skills.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan participated in the summit and represented Bandhan in the special round table on “Inclusive Banking” arranged in collaboration with the Small Industries Development Bank of India on July 20, 2011.

   Round Table organized by State Bank of India
A round table was organized by State Bank of India and The Financial Express on Small & Medium Enterprises ‘The Indian Growth Story and the SMEs’ at The Oberoi Grand, Kolkata on July 13, 2011. The distinguished panelists were Mr. Partha Chatterjee, Minister for Commerce and Industries of West Bengal; Manas Ranjan Bhunia, MSME Minister, West Bengal; Anup Chanda, MSME Secretary, West Bengal; Gaurav Swarup, Chairman, FICCI Eastern Region; Suriender Kumar, CGM,SBI; Ravindra Sehgal, MD, Carnation Industries; Chandrakant Salunkhe, President, SME Chamber of India.

Ms. Arpita Sen, Sr. Manager-Institutional Finance, Bandhan attended the conference.

   Inauguration of YES BANK’s Branch in Kolkata

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan was a part of the momentous inaugural ceremony of YES Bank’s flagship Dalhousie Branch presided over by Dr. Amit Mitra, Hon’ble Finance Minister of West Bengal on July 9, 2011.

It is noteworthy to mention that YES BANK is engaged in the process of establishing an extensive and robust platform of state-of-the-art branches providing comprehensive financial solutions, specifically catering to the Large and Mid-Corporate, States Government entities, SMEs and individual customers in this High-potential region with the ultimate goal of strengthening the financial infrastructure and distribution in the strategic state of West Bengal.

   Bandhan participates at National Banking Conclave organized by ASSOCHAM

ASSOCHAM organized a National Banking Conclave “Challenges and Opportunities in Trillion Dollar Economy” in New Delhi on June 17, 2011.

The Conclave was presided over by distinguished dignitaries like Shri Pranab Mukherjee, Hon’ble Union Minister of Finance, Government of India, Dr. Narendra Jadhav, Member, Planning Commission, Government of India, Dr. K C Chakrabarty, Dy. Governor, Reserve Bank of India, Shri Rakesh Singh, Additional Secretary-Banking Services, Ministry of Finance, Shri J M Garg, Vigilance Commissioner, CVC, Smt Usha Thorat, Former Dy. Governor & Chairperson, NBFC Working Group, RBI and Shri R S Sharma, Director General UIDAI.

The conclave aimed at discussing all related issues including Risk Mitigation, Financial Inclusion, Managing NPAs, Enabling Regulation, Flow of credit to infrastructure sectors, entry of new banks in private sectors etc.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan being a member of ASSOCHAM’s Committee on ‘Banking & Finance’ was present amidst the august assemblage.

   Bandhan attends ICC 83rd Annual General Meeting


Indian Chamber of Commerce (ICC) organized its 83rd Annual General Meeting in Kolkata on June 30, 2011. The meeting was preceded by the Annual Session on 'Inclusion, Empowerment and Development : Pursuing IEDled Growth' presided over by eminent speakers like Shri Saugata Roy, Hon'ble Minister of State, Ministry of Urban Development, Govt. of India, Dr. Ashok Haldia, Whole Time Director, PTC India Financial Services Ltd., Shri Sushil Modi, Hon'ble Dy Chief Minister of Bihar and Mr. Rajat M. Nag, Managing Director General, ADB.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan attended the session.



   Bandhan attends National Seminar on “Microfinance and Development : In the face of Current Crisis

The Department of Economics, Vivekananda College, Kolkata in collaboration with The Livelihood School organized a 2-day UGC sponsored National Seminar on 'Microfinance and Development : In the face of Current Crisis' in Kolkata on June 24 – 25, 2011.

Academicians, Researchers of eminent research institutions and universities, representatives of INGOs/NGOs, Banks MFIs and Other Financial Institutions and practitioners who are directly or indirectly involved in microfinance promotion/support activities took part in the sessions categorized in different themes.

Ms. Piyali Bhattacharjee, Senior Manager- Research & Development, Bandhan and Mr. Anirban Ghosh, Program Assistant – Research & Development, Bandhan attended the seminar.

   Bandhan participates at National Conclave organized by ASSOCHAM

ASSOCHAM organized National Conclave on 'Microfinance - Strangulate or Regulate' in Bangalore on June 16, 2011.

The conclave aimed at discussing the various concerns of the stakeholders about the key developments in the microfinance sector and the future of the MFIs.

Mr. Chandra Shekhar Ghosh attended the summit as a speaker in the Technical Session sharing his thoughts and views with the participants.

  ICC Members' Meet

Indian Chamber of Commerce organized the Members' Meet at Taj Bengal, Kolkata on June 10, 2011.

The main focus of the meeting was to facilitate interaction among ICC Office Bearers, Expert Committee Chairmen and new and existing members to generate new ideas and suggestions to enhance service delivery and quality to members and also to generate better appreciation of existing services and understand expectations of members.

The meeting was attended by Mr. Abhijit Ghosh, Assistant General Manager Finance and Mr. Hirak Saha Kabiraj,Company Secretary, Bandhan.

  26th Skoch Summit invited Mr. Ghosh as panelist

The 26th Skoch Summit with the underlying theme of Swabhiman: Inclusive Growth & Beyond was organized on June 2 – 3, 2011 in Mumbai. The objective of the summit was to bring the focus of financial inclusion back to poverty alleviation and inclusive growth.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan was cordially invited to participate as a distinguished panelist in the conclave on ‘Giving Thrust to Housing for Urban & Rural Poor’.

Mr. Ghosh consented to be part of this prestigious conclave. He was accompanied by Ms. Arpita Sen, Manager Finance.

  Bandhan participates in a workshop on ESI Act organized by Bengal Chamber of Commerce & Industry

The HR and IR committee of the Bengal Chamber of Commerce & Industry organized a workshop on ‘Knowledge Updation on ESI Act’ on June 01, 2011 in Kolkata.

The purpose of the workshop was to consider in-depth the issues which are being faced by practicing managers while implementing the above Act. The delegates were able to update their knowledge on implementation of the various clauses of ESI Act.

Mr. Partha Sarathi Basu, Deputy General Manager, HR from Bandhan participated at the conclave.

  ICC invites Bandhan to participate at the Financial Inclusion conference

Indian Chamber of Commerce (ICC) organized a conference titled ‘Financial Inclusion – Opportunities, Challenges & Way Forward’ on May 18, 2011 in Agartala. The conference was inaugurated by Hon’ble Governor of Reserve Bank of India.

The aim is to identify opportunities and challenges in achieving Financial Inclusion in the North East and to devise a way forward by involving all the stakeholders to enhance the penetration of the formal financial sector with a view to improving the well-being of our society.

Ms. Arpita Sen, Manager Finance, Bandhan attended the conference.

  Bandhan participates at Sankalp 2011

Bandhan participates at Sankalp 2011

Sankalp is an Intellecap initiative that catalyzes impact investments into sustainable, scalable businesses globally. The Forum since 2009 has been creating an eco-system of stakeholders that are interested in furthering social impact and entrepreneurship through market-based approaches.

This year, Sankalp 2011: Social Enterprise and Investment Forum with the theme ‘Catalyzing Impact Investments into Sustainable & Scalable Enterprises Globally’ was held in Mumbai on May 05 – 06, 2011.

Mr. Swapan Kr. Giri, Head – Business Development & Planning and Ms. Arpita Sen, Manager Finance from Bandhan participated in the forum.

  CMD of Bandhan invited as a selection panelist by Welingkar Institute of Management Development

CMD of Bandhan invited as a selection panelist by Welingkar Institute of Management Development

Welingkar Institute of Management Development organized the selection process for admitting management aspirants across the country to their full-time management programs on May 08, 2011 in Kolkata.

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan had been cordially invited to be a panelist of the selection process due to his eclectic corporate experience which is an asset in identifying students with potential.

Mr. Ghosh accepted Welingkar Institute’s warm invitation and attended the selection procedure.

  3rd ICC Banking Summit 2011

3rd ICC Banking Summit 2011

Indian Chamber of Commerce organized the ‘3rd ICC Banking Summit 2011’ on May 10, 2011 in Kolkata with the objective of bringing together the banking industry, the corporate sector, and the government in one platform for enabling meaningful deliberations and addressing key issues in the sector.

Mr. Tapas Maity, Asst. Manager Operation, Mr. Ashitava Chakraborty, Officer Treasury, and Mr. Bishwajit Kr. Shaw, Officer Finance from Bandhan attended the conclave.

  World Bank delegation visits Bandhan

World Bank delegation visits Bandhan

As part of the Second Implementation Support Mission under the project ‘Scaling Up Sustainable and Responsible Microfinance’ a team of senior representatives from World Bank visited Bandhan’s Patna circle office to cognize its operational facets on May 11, 2011. The team consisted of Mr. Neeraj Verma, Senior Financial Sector Specialist, Mr Zvi Ziv, Senior Banking Sector Advisor, and Ms. Sona Thakur.

They visited field to witness a group meeting. They had detailed interaction with the women borrowers. Thereafter they returned to the circle office wherein a presentation was delivered to them which captured Bandhan’s activities and present microfinance scenario taking into consideration the Andhra Pradesh crisis. Apart from the senior operations personnel of the Patna team, also present were Mr. Chandra Shekhar Ghosh, Chairman & Managing Director and Ms. Maneeta Rathore, Manager Finance.

  Bandhan participated in a Round Table Discussion by ASSOCHAM

Bandhan participated in a Round Table Discussion by ASSOCHAM

ASSOCHAM organized a round table discussion on ‘Entry of New Banks in the Private Sector – Possible Options’ on April 29, 2011 in New Delhi. Upon the cordial invitation of ASSOCHAM, Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan participated as one of the panelists of the discussion.

The essence of the roundtable was based on Reserve Bank of India’s (RBI) discussion paper on ‘Entry of New Banks in the Private Sector’.