Union Finance Minister Arun Jaitley will inaugurate the commercial banking operations of the Bandhan Financial Services (BFS) here today.
The inaugural event will take place at the Science City Auditorium.
The Kolkata-based BFS got Reserve Bank of India (RBI) approval to start commercial banking operations last year.
The launching of commercial banking services will allow 500 BFS branches to start functioning across the country.
BFS Chairman cum Managing Director Chandrasekhar Ghosh was quoted, as saying that BFS follows a philosophy of respecting each customer and meeting their needs, regardless of their financial position.
As per RBI guidelines, Bandhan will now merge its micro-finance business with the bank.