Bhagalpur is a historically important city. It is nestled on the banks of the Ganges in the Indian state of Bihar. Etymologically, the name of the city was derived from the word Bhagdatpuram which means good luck. According to the Hindu mythological texts, it was the place where the Hindu Gods and demons churned the ocean (Samudra Manthan) to procure elixir. Often referred to as the Silk City, Bhagalpur is a major commercial, educational and political center, and it has been selected by PM Narendra Modi for being developed into a smart city. The fertile plains in the Gangetic basin support the cultivation of crops such as rice, barley, wheat, maize and oilseeds. The city has been long associated with the silk industry - its Tussar Silk & Bhagalpuri Sarees are famous all over the country. The thermal power plant of NTPC Kahalgaon is located in the vicinity of the city. This industrial belt is equally important in boosting the citys economy. The Government of India has taken the initiative to establish a Hand-loom park at Bhagalpur. Private entrepreneurs have also set up a food park. Bhagalpurs Vikramshila Gangetic Dolphin Sanctuary is famous for Gangetic dolphins and attracts many tourists and environmentalists. There are various tourist spots like the Mandar Parvat, the Kuppa Ghat and a Stupa from the Pala Empire.
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.