Bandhan Bank opens 7 outlets each in Andhra Pradesh and Telangana

Hyderabad: Bandhan Bank has opened 125 banking outlets across 15 states. The Bank already had a strong network of 1,010 bank branches, which now stands at 1,013. Out of the 125 new Banking Outlets, seven each in Andhra Pradesh and Telangana.

Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, said: "We are happy that with the withdrawal of restriction on opening new branches, we will 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. The 125 new banking outlets will help further serve our customers who have shown faith in us. We are confident on continuing our growth trajectory driven by the trust that our customers and stakeholders shower on us."

With a network of 3,206 banking units and the 195 home-loan service centres that are operating in the country now, the total number of banking outlets now stands at 4,414. The bank has its presence across 34 of the 36 states and union territories in India.

The opening of the new Banking Outlets comes days after the Reserve Bank of India (RBI) lifted the restriction on new branch opening for the Bank. As on December 31, 2019, Bandhan Bank served 1.9 crore customers and, had deposits worth Rs.54,908 crore and advances worth Rs.65,456 crore. The total business of the Bank stood at Rs.1,20,364 crore.

The new banking outlets included 42 in Uttar Pradesh, 29 in Rajasthan, 12 in Madhya Pradesh, six in Bihar, five in Chhattisgarh, four in Orissa, three in Tamil Nadu, two each in Uttarakhand, Karnataka, Maharashtra, and Assam, and one each in Delhi and West Bengal.