· 50 new branches have been opened across the country
· Bandhan Bank now has a network of more than 1,400 branches
Mumbai/Kolkata, March 31, 2023: Bandhan Bank, one of the fastest-growing banks in the country, announced the opening of 50 branches on the last day of the financial year. These branches have been opened across the country, the majority being in Bihar, Gujarat and Madhya Pradesh. With today’s addition, Bandhan Bank now has a network of more than 1,400 branches.
The spread of the new branches is a testament to the Bank’s commitment to expand its reach across the country and serve the needs of all segments of customers. The new branches will enable more customers to avail Bandhan Bank’s unique customer propositions along with a full range of liability and asset products.
The Bank is well on its journey of diversification of asset book and geographical presence. The bank is expanding its presence to areas outside of the East and North-East and is looking to increase the share of secured loans significantly over the next few years. The Bank also plans to introduce new products and increase the width of services in the next financial year.
Commenting on the occasion, Chandra Shekhar Ghosh, MD and CEO, said “Our country needs a deeper penetration of banking outlets to ensure that everyone has access to banking. Bandhan Bank is committed to being a bank for all and we are invested in increasing our presence to serve all kinds of customers. Today’s announcement is another step of the Bank’s strategy to extend its reach and offer a world-class consumer banking experience across India.”
Through its wide distribution network and robust digital channels, Bandhan Bank has truly emerged as a universal bank that caters to the diverse financial needs of all Indians, wherever they may be based, whatever products or services they may need, and whichever mode of transaction they may prefer – physical or digital.
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 the 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 with 5,723 banking outlets serving 2.86 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.
(This story has not been edited by News Mania staff and is published from a Media Release)
