Bandhan Bank opens 700th branch

By: | Published: August 8, 2016 8:06 PM

Bandhan Bank, which started commercial operations in August last year with 501 branches, today opened its 700th branch in the city extending its network in the country.

ARUN JAITLEYBandhan Bank now operates across 29 states and Union Territories through 3,082 touch points consisting of 700 bank branches, 2,142 Doorstep Service Centres (DSCs) and 240 ATMs catering to 8.9 million customers. (PTI)

Bandhan Bank, which started commercial operations in August last year with 501 branches, today opened its 700th branch in the city extending its network in the country.

“Altogether eight branches were today opened with seven in West Bengal and one in Uttar Pradesh, taking the total number of branches to 700 in the country,” the bank’s MD and CEO C S Ghosh said here.

“For Bandhan Bank, the 700th branch on Ballygunge Circular Road here is an important milestone. This branch has a special bay to cater to the affluent segment,” Ghosh said as the branch was inaugurated by actor–producer Prosenjit Chatterjee.

Besides, there is an e-lobby for those who look for self service.

“We are happy to have 700 branches in less than one year. We would like to maintain the momentum by increasing our footprint nationally to serve many more millions of customers,” Ghosh added.

Bandhan Bank now operates across 29 states and Union Territories through 3,082 touch points consisting of 700 bank branches, 2,142 Doorstep Service Centres (DSCs) and 240 ATMs catering to 8.9 million customers.

Since its launch, the bank has mobilized close to Rs 15,000 crore deposits, while its outstanding loan book is worth Rs 16,000 crore.

The bank is served by a team of 21,200 employees.

The Kolkata-headquartered bank has two divisions — micro banking and general banking, offering a suite of retail financial solutions, including a variety of savings and loan products.

Bandhan Bank commenced operations on August 23, 2015, with 501 branches, 2,022 DSCs and 50 ATMs across 24 Indian states.

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