Bandhan Bank opens 3 new branches in W.B. – touches 750 in India


Bandhan Bank – India’s fastest growing bank has opened its 748th branch in Kadamtala, Panchanantala. Dr. Rathin Chakravarty, Mayor, Howrah Municipal Corporation inaugurated the branch this morning. This is Bandhan Bank’s 19th branch in the district of Howrah and 330thbranch in West Bengal.

While inaugurating the branch, Dr. Rathin Chakravarty said, “The way Bandhan Bank has been expanding its footprints in such a short span is indeed a matter of sheer pride and I am honoured to be inaugurating the Kadamtala, Panchanantala branch. We are delighted to be associated with Bandhan Bank in its journey and hope this bond goes a long way. ’’

Bandhan Bank has also inaugurated another branch in Dakshineswar, West Bengal today. Maharaj of Adyapeath, Shri Mural Bhai inaugurated the said branch and opened his account immediately. With the Katwa, Burdwan branch which is stated to be opened tomorrow – Bandhan Bank touches a landmark of 750 branches across India.

The organization presently has 3,390 touch points pan India consisting of 750 bank branches, 2,371 Doorstep Service Centres (DSCs) and 269 ATMs, serving more than 9.7 million customers. The bank has mobilized deposits more than Rs. 19,000 crore and its outstanding loan book stands close to Rs. 18,000 crore. Bandhan Bank has a dedicated team of nearly 23,000 employees on roll.

The Kolkata-headquartered bank has two divisions — general banking and micro banking, offering a suite of retail financial solutions, including a variety of savings and loan products. Currently, the savings bank account interest rate is 6% for balance above Rs.1 lakh and 4.25% for balance up to Rs.1 lakh. For term deposits, the maximum interest rate offered is 8% for one year with an additional 0.5% for senior citizens.

Bandhan Bank commenced its operations on August 23, 2015 with 501 branches, 2,022 DSCs and 50 ATMs across 24 Indian states. The bank was inaugurated by Shri Arun Jaitley, Hon’ble Minister of Finance, Corporate Affairs and Information and Broadcasting, Government of India, in Kolkata at a grand function attended by regulators, policy makers and luminaries from financial sector and corporate India. Bandhan is the first bank to be set up in eastern India post-Independence. Shri Pranab Mukherjee, Honourable President of India, graced Bandhan Bank’s first anniversary function in Kolkata.