About Us > Timeline

Our reach as on December 2011

  • States & Union Territories - 18
  • Branches - 1,553
  • Borrowers - 33,88,317
  • Staff - 9,441
  • Loan disbursed for the month -
    Rs.
    594crores
  • Loan outstanding - Rs. 3,177 crores
States & Union Territories and Branches


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Timeline
2001 -2002
2001 April Setting up of Bandhan and commencement of microfinance activities.
2004 -2005
2005 January Commencement of microfinance operations in urban spaces of Kolkata
2005 -2006
2005 July Reduction of interest rate from 17.50% to 15%
August Inauguration of 100th branch
September Achievement of 1,00,000 member mark
2006 January Introduction of Micro Enterprise Program (MEP) - Srishti
March Pro Poor Innovation Challenge (PPIC) Award conferred upon Bandhan by The Consultative Group to Assist the Poor (CGAP), an affiliate of the World Bank
2006 -2007
2006 May Reduction of lending rates to 12.50%
2007 February Introduction of Health Loan - Suraksha
2007 -2008
2007 September Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan declared as Senior Ashoka Fellow.
December Bandhan ranked 1st in India and 2nd in the world as per the Forbes list of World’s Top 50 Microfinance Institutions
2008 March Skoch Challenger Award conferred upon Bandhan for  Financial Inclusion
Achievement of 1 million member mark
2009 -2010
2009 April Introduction of MSME Loan - Samriddhi
September Inauguration of 1000th branch
October Bandhan bagged the 'Micro Finance India Award 2009' in the category of 'Institution of the Year'
2 million clients under the coverage of microfinance operations
Election of Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan as a board member in Sa-Dhan
November Size of loan book reaches  Rs. 1,000 crores
December Bandhan completes its first major round of equity infusion of Rs.500 million from SIDBI
Inauguration of Bandhan Institute of Development Management
2010 -2011
2010 May Slash of interest rate to 10%
August Tie-up with Western Union for money transfer services
September Microfinance reaches out to more than 3 million clients
Introduction of pension services in association with Pension Fund Regulatory & Development Authority (PFRDA), Ministry of Finance, Govt. of India
October More than Rs. 2,000 crores of portfolio outstanding
December Introduction of Education Loan - Sushiksha
2011 January Skoch Financial Inclusion Award conferred upon Bandhan
February Inauguration of Bandhan School of Development Management (BSDM)
2011 -2012
2011 April Bandhan wins Genius HR Excellence Award 2011
August Bandhan raises equity of INR 135 Cr from International Finance Corporation