Bandhan Bank opens 125 new outlets after RBI’s withdrawal of restrictions

Ankur Bhattacharya

Kolkata, 11 March : One of the fastest growing private sector banks in India ‘Bandhan Bank’ today simultaneously opened 125 banking outlets across 15 states after the Reserve Bank of India (RBI) lifted the restriction on new branch opening for the Bank.

Of these 125 new Banking Outlets,the maximum 42 have been opened in Uttar Pradesh, followed by 29 in Rajasthan,12 in Madhya Pradesh,7 each in Andhra Pradesh and Telangana,6 in Bihar, 5 in Chhattisgarh, 4 in Odisha, 3 in Tamil Nadu, 2 each in Uttarakhand, Karnataka, Maharashtra and Assam, and 1 each in Delhi and West Bengal.

Commenting on the opening of such a large number of outlets across the country in one day, Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer, Bandhan Bank said here today that with the withdrawal of RBI restriction on opening of new branches, Bandhan Bank would be able to expand business growth rapidly.

‘In our four-and-a-half-year existence as a universal bank, we have been quick to identify opportunities of expanding distribution and setting up our presence’, he said adding the 125 new banking outlets would further help serve the bank customers better.

Referring to the encouraging results of the Kolkata headquartered Bank having a strong network of 1013 branches,3206 Banking units and 195 Home Loan Centres in 34 states and Union Territories with a customer base of over 1.9 crores, Ghosh said it had deposits worth Rs.54,908 crores and advances worth Rs.65,456 crores. The total business of the Bank stood at Rs.1,20,364 crores with huge profit margins.