Bandhan Financial Holdings Limited (“the Company”) was incorporated as a Public Limited Company. It was incorporated to act as the Non-Operating Financial Holding Company (“NOFHC”) in compliance with the Reserve Bank of India (‘RBI’) Guidelines for Licensing of New Banks in the Private Sector dated February 22, 20213 (“guidelines”). As stipulated in the said guidelines, the entire investments of the Company is as equity shares of the Bandhan Bank.
Bandhan Financial Services Limited
Financial Inclusion Trust (‘FIT’), North East Financial InclusionTrust (‘NEFIT’) and Bandhan Financial Services Limited (‘BFSL’) arethe promoters of the Company.
FIT and NEFIT are registered public charitable trusts with the objective of serving to the general public in the field of education, health and other charitable purpose.
BFSL was incorporated on August 03, 1995 and registered with RBI as a NBFC-CIC-ND-SI. The registration number with RBI as NBFC CIC is B-05.05841. BFSL is also a group company of the Bandhan Bank and its promoter. Presently, the Company is a wholly owned subsidiary of BFSL.
Board of Directors
Mr. Karni S Arha is the Managing Director of BFHL with the responsibility of managing Bandhan’s financial services businesses and also led the acquisitions of Mutual Fund and Life Insurance companies.
