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Bandhan Bank opens its 1,000th branch within 4 years of its inception

Written by The Optimist

Bandhan Bank, that started operations less than four years ago, now has a total of 1,000 bank branches. The bank opened a new branch today at Haltu in Kolkata which was inaugurated by the General Secretary of Ramakrishna Mission and Ramakrishna Math, Swami Suvirananda. With a network of 3,014 Doorstep Service Centres that the bank already has, the total number of banking outlets now stands at 4,014 across 34 of the 36 states and union territories in India.

 

 

Chandra Shekhar Ghosh, MD & CEO, said, “This is a big milestone for Bandhan Bank. We started the bank with 501 bank branches in August of 2015. In just about four years, we have doubled that count to 1,000. We have always aimed at making banking accessible to all, and this landmark of 1,000 branches is another step in that direction.”

 

The announcement of the 1,000th branch coincided with the inauguration of the bank’s new state-of-the-art Head Office in Salt Lake City, Kolkata. Bandhan started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. It turned into an NBFC a few years later but the core objective remained financial inclusion. When Bandhan Bank started operations on August 23, 2015, it was the first instance of a microfinance entity transforming into a universal bank in India. On the day of launch itself, Bandhan Bank started with 2,523 banking outlets.

 

 

Bandhan Bank is driven by a constant desire to serve better. It offers world-class banking products and services to urban, semi-urban and rural customers alike. In the last few years of operations, Bandhan Bank has spread its presence to 34 of the 36 states and union territories in India with 4,014 banking outlets serving 1.73 crore customers, as on June 30, 2019. The new head office of Bandhan Bank can accommodate 1500 employees. From 300 sq ft to over 3 lakh sq ft office space – the journey of Bandhan Bank over the last four years has been an amazing one. With 32,775 employees all over India, Bandhan Bank has truly scripted a new history in the banking industry amidst speculations over the future of PSU banks of the country.

 

 

 

 

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