Bandhan Bank expands its network with 50 new branches
Bandhan Bank, one of India's leading private-sector banks, has recently announced the opening of 50 new branches across the country. This move is part of the bank's expansion plan to enhance its reach and cater to a wider customer base.
Expansion plans
Bandhan Bank has been expanding its network since its inception in 2015, and this latest move will bring the bank's total branch count to over 1,200. The bank has a strong presence in eastern India, and with the addition of these new branches, it aims to expand its presence in other parts of the country as well.
According to Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, the bank's expansion plans are aimed at providing banking services to more people, especially in underserved areas. The bank is committed to providing convenient and accessible banking services to its customers and the new branches will help it achieve this goal.
New Branches and their Locations
The 50 new branches are spread across 17 states in India, including Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.
The bank has strategically selected the locations of the new branches to ensure that they cater to the banking needs of people in both urban and rural areas. This move is expected to help the bank tap into the vast potential of the unbanked population in the country.
Benefits to Customers
The expansion of Bandhan Bank's network will bring several benefits to its customers. The new branches will offer a wide range of banking services, including savings and current accounts, fixed deposits, loans, and insurance products. This will enable customers to access banking services at their convenience.
Moreover, the bank's expansion will create job opportunities in the regions where the new branches are located, contributing to the local economy's growth.
Conclusion
The expansion of Bandhan Bank's network with 50 new branches is a significant milestone for the bank. This move demonstrates the bank's commitment to expanding its presence in the country and providing banking services to more people, especially those in underserved areas. The bank's expansion is expected to have a positive impact on the local economy and create new job opportunities. With its customer-centric approach and focus on innovation, Bandhan Bank is well-positioned to cater to the banking needs of its customers and drive its growth in the coming years.
