Bandhan Bank launches 125 new banking outlets

Bandhan Bank has opened 125 banking outlets across 15 states. The bank already has a strong network, comprising 1,010 branches, which now stands at 1,013. With a network of 3,206 banking units and 195 home loan service centres that are operating in the country now, the total number of banking outlets now stands at 4,414.

The opening of the new banking outlets comes days after Reserve Bank of India (RBI) lifted the restriction on new branch opening for the bank. Out of the 125 new banking outlets, 42 have been opened in Uttar Pradesh, 29 in Rajasthan, 12 in Madhya Pradesh, seven each in Andhra Pradesh and Telangana, 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, respectively.

As on December 31, 2019, Bandhan Bank served 1.9 crore customers and had deposits worth Rs 54,908 crore as well as advances worth Rs 65,456 crore. The total business of the bank stood at Rs 1,20,364 crore.