Bandhan Bank has received claim of Rs 916.61 crore under Credit Guarantee Fund for Micro Units (CGFMU) for FY 2022-23. The Bank had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.