Bandhan Bank expands branches to 1,500 in under 8 years

The bank, headquartered in Kolkata, commenced its operations on August 23, 2015, with a network of 501 branches. Currently, it has expanded its presence to 34 states and Union Territories across India. The bank emphasizes its commitment to catering to the diverse financial requirements of individuals through customized products delivered via physical and digital channels.

Chandrashekhar Ghosh, the Managing Director and CEO of the bank, stated that there is a pressing need for broader financial inclusion in India to ensure banking accessibility for all. With this objective in mind, the bank strives to extend its reach and services across the nation.

The bank has successfully diversified its asset base and extended its geographical footprint beyond its traditional regions of focus, namely the eastern and northeastern parts of India. It has achieved a balanced presence in both rural and urban markets, reflecting a comprehensive approach to serving customers.

In line with its expansion efforts, the bank has also diversified its lending portfolio, gradually increasing the proportion of secured loans. It now offers various retail loan products such as home loans, personal loans, and auto loans, catering to the evolving financial needs of its customer base.

Through these initiatives, the bank aims to foster deeper financial inclusion, ensuring that banking services are accessible to a wider population. By expanding its geographical reach, diversifying its loan offerings, and focusing on both rural and urban markets, the bank demonstrates its commitment to providing tailored financial solutions to individuals across India.

Overall, the bank's growth trajectory showcases its dedication to serving customers through an extended network and a diverse range of financial products, enabling individuals to fulfill their financial aspirations and contributing to the goal of greater financial inclusion in India.