Mumbai/Kolkata, April 01, 2023: Bandhan Bank, one of the fastest-growing banks in the country, announced the opening of 50 branches on the last day of the financial year. These branches have been opened across the country, the majority being in Bihar, Gujarat, and Madhya Pradesh. With today’s addition, Bandhan Bank now has a network of more than 1,400 branches.
The spread of the new branches is a testament to the Bank’s commitment to expanding its reach across the country and serving the needs of all segments of customers. The new branches will enable more customers to avail Bandhan Bank’s unique customer propositions along with a full range of liability and asset products.
The Bank is well on its journey of diversification of asset book and geographical presence. The bank is expanding its presence to areas outside of the East and Northeast and is looking to increase the share of secured loans significantly over the next few years. The Bank also plans to introduce new products and increase the width of services in the next financial year.
Commenting on the occasion, Chandra Shekhar Ghosh, MD and CEO, said “Our country needs a deeper penetration of banking outlets to ensure that everyone has access to banking. Bandhan Bank is committed to being a bank for all and we are invested in increasing our presence to serve all kinds of customers. Today’s announcement is another step of the Bank’s strategy to extend its reach and offer a world-class consumer banking experience across India.”
Through its wide distribution network and robust digital channels, Bandhan Bank has truly emerged as a universal bank that caters to the diverse financial needs of all Indians, wherever they may be based, whatever products or services they may need, and whichever mode of transaction they may prefer – physical or digital.