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Bandhan Bank opens two new branches; six more by March 31

Bandhan Bank opens two new branches; six more by March 31

Kolkata: Bandhan Bank on Wednesday opened two new branches, one each in Burdwan and Gurugram. By the end of this month, the Bank plans to open six more branches taking its branch count to 986. The branches will be opened in Gurugram, Lucknow, Raipur, Kolkata and Burdwan.

With a network of 3,014 Doorstep Service Centres that the Bank already has, the total number of banking outlets would be 4,000 by the end of this month. The bank has its presence across 34 of the 36 states and union territories in India.

Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, said, "We are glad to announce the opening of our eight new branches in the country. We are well and truly on our path to making banking accessible to all. All this has been made possible because of the support and the confidence that our stakeholders have showered on us over the past years."

As on December 31, 2018, Bandhan Bank served 1.53 crore customers and, had deposits worth Rs.34,639 crore and its loan book stood at Rs.35,599 crore.

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 of the 36 states and union territories in India serving 1.53 crore customers, as on December 31, 2018.

With its experienced management, diversified team and well entrenched distribution, Bandhan Bank is well poised to meet the aspirations of its customers and stakeholders.

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