Bandhan Bank GRUH Home Loans were erstwhile provided by GRUH Finance
About GRUH Finance
GRUH Finance started operations in January 1988 as a subsidiary of HDFC, the pioneer in housing finance in India. As on October 16, 2019, GRUH Finance had 195 branches across 11 states in India. The cumulative disbursement of the organisation stood at Rs.28,456 crore as on March 31, 2019. It had xx lakh customers on board.
With a focus on rural India, GRUH Finance reached 1,131 talukas spread over 125 districts. More than 50% of the loans advanced by the organisation were in rural areas.
On October 17, 2019, GRUH Finance became a part of Bandhan Bank and its products are available under GRUH Home Loans by Bandhan Bank.
About Bandhan Bank
Bandhan started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. It turned into an NBFC a few years later but the core objective remained financial inclusion. When Bandhan Bank started operations on August 23, 2015, it was the first instance of a microfinance entity transforming into a universal bank in India. On the day of launch itself, Bandhan Bank started with 2,523 banking outlets.
Bandhan Bank is driven by a constant desire to serve better. It offers world-class banking products and services to urban, semi-urban and rural customers alike. In the last few years of operations, Bandhan Bank has spread its presence to 34 states and union territories in India with 1,000 branches and 3,014 doorstep service centres (DSC), serving 1.78 crore customers. With its experienced management, diversified team and well entrenched distribution, Bandhan Bank is well poised to meet the aspirations of its customers and stakeholders.