Bandhan Bank Expands Branch Network Threefold in Just 8 Years
Bandhan Bank, a rapidly growing financial institution in India, has accomplished a significant milestone by tripling its branch network in less than eight years since its inception. Presently, the bank boasts an impressive total of over 1,500 branches nationwide. Coupled with its existing network of 4,500 banking units, Bandhan Bank’s overall banking outlets have now surpassed 6,000 across the country. The bank commenced its operations on August 23, 2015, with an initial count of 501 branches.
With a robust network spanning 34 states and union territories in India, Bandhan Bank caters to over 30 million customers through its extensive banking outlets. Regardless of their location, financial requirements, or banking preferences—be it physical or digital—the bank remains committed to addressing the diverse financial needs of every Indian.
Expressing his enthusiasm, Chandra Shekhar Ghosh, the MD & CEO of Bandhan Bank, stated, “Today marks an exciting milestone for Bandhan Bank. The remarkable growth we have witnessed over the past eight years is a testament to the confidence and trust bestowed upon us by customers from all corners of the country. To ensure widespread access to banking services, India requires an extensive presence of banking outlets. With our rapidly expanding branch network and digital offerings, Bandhan Bank is steadfast in its commitment to enhancing convenience, security, and accessibility for our esteemed customers.”
Throughout its journey, Bandhan Bank has made remarkable progress in diversifying its asset portfolio and geographical reach. The bank intends to continue expanding its presence beyond its traditional territories in eastern and northeastern regions, emphasizing a balanced approach encompassing both rural and urban markets.
Additionally, the bank aims to augment the proportion of secured loans within its portfolio. Bandhan Bank presently offers a comprehensive range of retail lending products, including home loans, personal loans, auto loans, and two-wheeler loans, all at attractive interest rates. In line with customer convenience, the bank has recently introduced Neo Plus, a fully digital savings bank account.
About Bandhan Bank:
Bandhan Bank Ltd. is a banking and financial services firm based in Kolkata. It operates across 34 of the 36 states and union territories in India, serving approximately 3 crore customers through 6,000 banking outlets.
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