Monthly status as on October  2021

  • States - 12
  • Districts - 180
  • Branches - 1,563
  • Municipalities - 2,962
  • Villages - 19,439
  • Beneficiaries - 31,43,760
  • Staff - 3,190


Over a short span of 12 years of operation, Bandhan has received various accolades for the efforts it is taking towards women empowerment and poverty alleviation.

These awards are not just mere awards but more of a motivation for the entire team to march ahead towards achieving its mission and vision.

Bandhan takes this opportunity to thank all those who have been associated with Bandhan and have supported our endeavors in whatever way possible. Thank you for all that you do!

We promise to keep up to the expectations of all and keep our performance flag flying high.

Thank you again for encouraging us and appreciating our work.

1. Award for 'Entrepreneur with Social Impact' (2014)

Forbes India Magazine confers upon Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan the award 'Entrepreneur with Social Impact' in 2014 as part of Forbes India Leadership Awards. Mr. Ghosh received the award at a glittering ceremony held on October 07, 2014 at Hotel Trident, Mumbai.

A prestigious jury decided the eminent personalities who would be awarded under different categories in 2014. The said jury was headed by Mr. K. V. Kamath, Chairman, ICICI Bank Ltd. and Jury Chairman. The other members of the jury comprised Mr. Sanjay Nayar, CEO, Kohlberg Kravis Roberts & Co (India), Mr. Akhil Gupta, Non-Executive Chairman, Blackstone India, Mr. Ajit Rangnekar, Dean of the Indian School of Business, Ms. Zia Mody, Founder, AZB & Partners, Mr. Raghav Bahl, Founder, Network18. The jury felt what Mr. Ghosh has created so far at Bandhan, which has now been recognized by the RBI with the award of a banking licence combines a business outlook with a clear social benefit – which is what this award is all about. The jury felt that Mr. Ghosh was best suited for this award.

The category 'Entrepreneur with Social Impact' recognizes the most innovative social entrepreneur who has combined passion and entrepreneurial chutzpah to bring dramatic solutions to a major social issue in India.

The eligibility criteria for the said category were
  •    - Leader of an entrepreneurial organization with a significant contribution to society
  •    - Must have been in the business for at least five years and have a sustainable model

Besides Mr. Ghosh, the other nominees for the 'Entrepreneur with Social Impact' in 2014 were Ms. Chetna Sinha, Chairperson & Founder, Mann Deshi Mahila Sahakari Bank, Mr. Haresh Hande, Founder & MD, SELCO Solar, Mr. Murali Vullaganti, Co – founder & CEO, RuralShores and Mr. Ramesh Ramanathan, Chairman, Janalakshmi Financial Services.

2. 'Entrepreneur of the Year' honor by AIMA (2014)

Mr. Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan received the much coveted 'Entrepreneur of the Year' award by AIMA Managing India Awards 2014. The awards celebrated achievements of outstanding companies, entrepreneurs and managers who have made salutary contribution to nation building.

Mr. Rajnath Singh, Hon’ble Minister of Home Affairs, Government of India presided the event as the Chief Guest and handed over the award to Mr. Ghosh at a glittering ceremony held on August 06, 2014 at Hotel Taj Palace, New Delhi.

All India Management Association (AIMA) had established The Managing India Awards in 2012 with an aim to promote management in every sphere of life involving varied fields, which reflect the state of advanced development in an economy. The Award aims to recognize the contributions of stalwarts who have set benchmarks of excellence in their respective spheres and all outstanding performers in their own right, who epitomize strength, ingenuity, knowledge, foresight, who excelled in their respective spheres with vision and inspiration and are worthy of emulation and admiration.

AIMA as the national apex body of management profession in the country is committed to enhancing the competence of management profession through its multifaceted activities. In all of AIMA’s history spanning more than 5 decades, it has been in the forefront to foster and enhance excellence in Management, Entrepreneurship and Leadership.

CNBC – TV 18 & Economic Times (ET) were the media partners for the awards.

3. Serar Sera Bangali (2014)

Mr. Chandra Shekhar Ghosh, Chairman and Managing Director, Bandhan received the highest stature award in Bengali community 'Serar Sera Bangali' 2014.

Mr. Aveek Sarkar, Chief Editor of the Anandabazar Patrika (ABP) Group handed over this award to Mr. Ghosh at a ceremony held on July 27, 2014 at ITC Sonar, Kolkata.

This award is a pioneering effort to honor eminent Bengali personalities who have not only achieved excellence in their respective fields but have also helped to bring Bengal in the national as well as international limelight. This is an annual event organized by ABP Ananda, the leading Bengali news channel in India to discover and celebrate Bengali's work and achievement which bring pride to the community. Since their inception in 2005, ABP have been organizing this prestigious award ceremony called 'Sera Bangali' to felicitate those Bengalis around the world who have excelled in their respective fields beyond any boundaries. The awards are presented in a plethora of categories like art, film, music, education, business, public affairs, science, sports and lifetime achievement above all Serar Sera.

4. ET Bengal Corporate Awards (2014)

Bandhan won the Economic Times Bengal Corporate (ETBC) Awards presented by Association of Corporate Advisers & Executives (ACAE) on February 13, 2014 at Taj Bengal, Kolkata. Bandhan bagged this prestigious award in the category of ‘Best CSR Idea’.

This coveted ET Bengal Corporate Awards was handed over by Shri Amit Mitra, Hon’ble Finance, Commerce & Industries Minister, Government of West Bengal to Shri Chandra Shekhar Ghosh, Chairman & Managing Director, Bandhan. Shri Amit Mitra presided as the Chief Guest at this special occasion.

The key objectives of this award are to felicitate eminent organizations and individuals for their outstanding contribution, recognize and celebrate private initiatives towards a much larger purpose, inspire many more to seriously reconsider their policies towards societal good and create 'Corporate Leaders' who shall light the way and set the benchmarks for the nation as a whole. These Bengal Corporate awards are a celebration of corporate excellence, where great leaders who have made a unique difference to the state of Bengal are felicitated. For the second time, Association of Corporate Advisers & Executives, Kolkata & The Economic Times celebrated the success of eminent organizations and individuals for their outstanding contribution to the society.


5. Skoch Financial Inclusion Award (2013)

Skoch Financial Inclusion Award 2013 was conferred upon Bandhan for the initiative it has taken in the field of health. The announcement was made in New Delhi on January 05, 2013 being the Financial Inclusion Day. Bandhan Health Program (BHP) has been operative since 2007.

Skoch Financial Inclusion Awards seek to recognize best practices from the banking and financial services sector for promoting inclusive growth and poverty alleviation from across urban and rural India.

Dr. C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister handed over the award to Ms. Nilima Ghosh, Member, Executive Committee, Bandhan-Konnagar as a fitting culmination to the Financial Inclusion Day. Mr. Partha Pratim Samanta, Deputy General Manager, Operation and Mr. Debasish Ray Choudhuri, CEO, Bandhan Konnagar were also present at the event.

The Jury comprised of industry leaders, domain experts, economists and academicians. Bandhan was also given a certificate of merit for its health initiative. The program has been rated amongst top 50 projects in India during 2012 in an assessment across government, corporates, financial and public sector.


6. Skoch Financial Inclusion Award (2012)

Bandhan netted Skoch Financial Inclusion Award 2012 for its intervention in the promotion of education for children hailing from underprivileged households. The award was presented to Mr. Chandra Shekhar Ghosh, Founder & Mentor, Bandhan on January 05, 2012 in New Delhi as a fitting culmination to the Financial Inclusion Day.

'Bandhan Education Program' was adjudged the best initiative in the category of 'Education' by virtue of which Bandhan won the coveted award.

Bandhan was also given a certificate of merit for its education initiative. The program has been rated amongst top 50 financial inclusion projects in India during 2011 in an assessment across government, corporates, financial and public sector: it is also found worthy of being published as a case study in Inclusion magazine.

7. HR Excellence Award (2011)

Bandhan has bagged the Genius HR Excellence Award 2011 in the category of ‘Best HR Practices’. The award ceremony took place at Hyatt Regency, Kolkata on April 22, 2011. The prestigious award was handed over to Mr. Chandra Shekhar Ghosh, Mentor, Bandhan. An illustrious body of HR think-tanks represented by Genius Consultants Ltd bestowed the Genius HR Excellence Award 2011. The HR Excellence Award recognizes the best in-class HR Professionals whose performance excel in terms of quality, delivery, achievements, value and innovation in HR gamut.
The award spotlights the importance of HR as a profession and contribution of HR towards the growth of an organization. The award takes a comprehensive look at the full spectrum of HR and is presented to the most outstanding achievers in these areas. The HR Excellence Award is not just recognizing what has been achieved so far. It is also an incentive to the achiever in the field of HR to innovate, improvise and continually upgrade HR governance, talent acquisition and management, compensation & benefits, employee welfare measures and performance review & management.

8. Skoch Financial Inclusion Award (2011)

The prestigious Skoch Financial Inclusion Award 2011 was conferred upon Bandhan for extending grant-based, sustainable support paraphernalia to the most economically displaced and marginalized population. The announcement was made at the awards ceremony at Hotel Shangri-La, New Delhi on January 05, 2011 being the Financial Inclusion Day.

The award was presented to Mr. Chandra Shekhar Ghosh, Mentor, Bandhan by Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister. The program that helped Bandhan earn the accolade is 'Chartering into Unventured Frontiers-Targeting the Hard Core Poor (CUF-THP)'. It is directed towards bringing about holistic and inspirational development in the lives of the most deprived section of the society thereby helping them graduate to mainstream finance.

9. Skoch Challenger Award (2008)

Skoch Challenger Award is one of the highest civilian honours in the country that recognizes people, projects and institutions for their extraordinary achievements in contributing to society. Instituted in 2003 to recognize best practices, the awards cover the best of efforts in the area of digital inclusion, financial inclusion and social inclusion. They encompass the best of governance, excellence in academics, capacity building, empowerment and other such issues that normally get lost in the glamour and the glitz.
Bandhan was conferred the Skoch Challenger Award for Financial Inclusion in March 2008, the first non-bank to receive such an award.

10. Forbes Award (2007)

In December 2007, Forbes magazine ranked Bandhan as the best performing MFI nationally and the second best globally. Bandhan was the only Indian MFI and one of the two Asian MFIs featuring in the top 10 MFIs globally.
Forbes' first-ever list of the World's Top 50 Microfinance Institutions were chosen from a field of 641 micro-credit providers.
All the MFIs were ranked on four parameters viz. scale, which is based on the size of their gross loan portfolio; efficiency, which considers operating expense and the cost per borrower as a percent of the gross national income per capita of their country of operation; risk, which looks at the quality of their loan portfolios, measured as the percent of the portfolio at risk greater than 30 days; and return, which is measured as a combination of return on equity and return on assets.

11. Senior Ashoka Fellow Award (2007)

In September 2007 Ashoka Innovators presented the award of “Senior Ashoka Fellow” to Mr. Chandra Shekhar Ghosh for his outstanding work and innovative approach to poverty alleviation through microfinance.
Senior Fellows are advanced Fellows who are well beyond the launch stage and, at the time of election, have already created widespread impact and are recognized as leaders in their fields.

Ashoka Innovators for the public is a global organization with its headquarters in Washington, USA. It invests in fellowships to individuals who are crafting new solutions for existing social problems. Over 1700 Ashoka fellows are currently working in 52 countries in diverse fields such as education, health and human rights to bring about advances in areas of social concern.


12. Pro Poor Innovation Challenge Award (2006)

The Consultative Group to Assist the Poor (CGAP) is a consortium of 33 of the most prestigious public and private development agencies working together to expand access to financial services for the poor in developing countries.
The Pro-Poor Innovation Challenge (PPIC) has been a cornerstone of this agenda, funding smaller institutions that demonstrate effective models and methodologies for deepening poverty outreach and impact, while working toward sustainability.

I mpressed with Bandhan's focus in reaching poor women by providing them with cost effective microfinance services, CGAP conferred the PPIC Award to Bandhan by way of an operational grant of US$25,000 in early 2006.