south Dumdum is an emerging city in the Indian state of West Bengal. It is a municipality in the Barrackpore subdivision of the North 24 Parganas district and consists of localities like Nagerbazar, Dum Dum Park, Lake Town, Bangur Avenue. The South Dumdum municipality was established in 1870. During the partition of Bengal in 1947, several refugees had migrated to this area from erstwhile East Pakistan. Initially, the bulk of refugees were mostly non-agriculturists and they made some vocational arrangements of their own by taking to squatting. They indulged in the forcible occupation of barracks and collectively took-over the private and government lands. By the year 1949, 65 refugee colonies had emerged in the area. Within very less time, these squatters not only found places to stay but also developed a properly functioning society with markets, schools, temples and eventually built colleges, hospitals and recreational centers. The South Dum Dum has over 4 lakh residents now. It has developed well with all civic amenities. It is mostly a residential city and most of the residents travel to the adjoining metro city of Kolkata for work.
The Bandhan Bank Ltd. is the first bank to set up in the eastern part of India after India has gained independence. On 23rd August 2015, the Bandhan bank was launched by the Union Minister of Finance, Shri Arun Jaitley Ji in Kolkata, West Bengal, India. The bank has two divisions: General Banking and Micro Banking Bandhan offering several retail financial solutions for its customers. It started as a micro-finance company in 2001 and received its banking license from the RBI in 2014. In August 2016, the first-anniversary celebration of Bandhan Bank was attended by the President of India, Shri Pranab Mukherjee. On 27th March 2018, it became the 8th largest bank in India by market capitalization. Its a bank for all, but the focus is to meet the needs of the people whom the formal banking system doesnt notice. The MD and CEO of the Bandhan Bank are Mr. Chandra Shekhar Ghosh. The Bandhan Financial Services Limited (BFSL), one of the largest microfinance organization in India owns the subsidiary of the bank known as The Bandhan Financial Holdings. The Bandhan Bank get listed on the Bombay stock exchange. 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. It offers its world-class banking products to urban, semi-urban and the rural people being a bank for all.