Barasat is a neighborhood in Kolkata, situated in the Indian state of West Bengal. It functions as the headquarters of the North 24 Parganas district as well as the Barasat Sadar subdivision. Known for its strategic location at a railway and road junction, Barasat is a regional transportation hub. Several important roads, including National Highway 12, National Highway 112 pass through the town. During the Mughal period, Sankar Chakraborty (who was a commander of the king of Jessore in Bangladesh) came to Barasat and established himself. During the British era, the officials of the East India Company made Barasat a weekend retreat by constructing houses with gardens. Warren Hastings had built his villa in the heart of the region. The place was known for its indigo cultivation and thus contributed largely to the economy of the state. The city is located in the Gangetic plain. Today, the fertile land of the area ensures the cultivation of crops like rice, legumes, potatoes, sugarcane and coconuts. Prestigious academic institutes such as West Bengal State University, Barasat Government College, Brainware University, Adamas University, etc. are located in Barasat. The city has many Ashramas dedicated to different saints and gurus for the Hindu devotees.
The Bandhan Bank Ltd. is based in Kolkata, West Bengal. Bandhan started as a micro-finance company in 2001 and received its banking license from the RBI in 2014. On 27th March 2018, it became the 8th largest bank in India by market capitalization. The Bank has 840 branches, 2,443 Doorstep Services, 282 ATMs and 12,004 Mini-ATMs or Hand-Held Devices according to the Annual Report of the bank (2016-17). Mr. Harun Rasid Khan is the chairman of the Bandhan Bank. In July 2016, he had been the Deputy Governor of the Reserve Bank of India. The founder cum managing director and chief executive officer of the Bandhan Bank are Mr. Chandra Shekhar Ghosh. The RBI licensing norms state explicitly that a new bank must have a ? 500 crore capital. The Bandhan Financial Services Limited (BFSL), one of the largest microfinance organization in India owns The Bandhan Financial Holdings. The SIDBI bank, International Finance Corporation (IFC), Financial Inclusion Trust, North Eastern Financial Inclusion Trust, Singapore Sovereign Wealth Fund GIC and the Bandhan Employees Welfare Trust are the significant investors in the parent organization of Bandhan Bank. The Bandhan Bank get listed on the Bombay stock exchange. On 23rd August 2015, the Bandhan bank was launched by the Union Minister of Finance, Shri Arun Jaitley Ji in Kolkata, West Bengal, India. After a year, the first-anniversary celebration of Bandhan Bank was attended by the President of India, Shri Pranab Mukherjee. For mobile banking, the Bandhan bank has launched m Bandhan app which is available for download on google play store and apple store. The users can check their account information and make money transfers through the app.