Bandhan Bank has further solidified its position in India’s banking sector by opening 18 new branches across Jharkhand, Andhra Pradesh, Bihar, and Odisha, reinforcing its commitment to financial inclusion and accessibility in semi-urban and rural markets. This strategic expansion, with 7 branches in Jharkhand, 5 in Andhra Pradesh, and 3 each in Bihar and Odisha, is designed to bridge the gap in banking services for underserved communities.
With this move, Bandhan Bank’s total network now stands at 6,300 outlets nationwide, marking a significant milestone in its growth trajectory and national footprint. The bank’s Managing Director and CEO, Partha Pratim Sengupta, emphasised that this expansion aligns with Bandhan Bank’s strategy of delivering exceptional customer service and fostering sustainable growth through innovative solutions tailored to evolving customer needs. The bank’s focus on diversification and establishing a stronger presence beyond its traditional stronghold in eastern India is evident, as it continues to broaden its reach and enhance accessibility to innovative banking solutions.
This expansion is in line with Bandhan Bank’s ongoing mission to provide adaptable financial products and services, catering to the changing expectations of customers in both urban and rural landscapes. The bank’s push for digital transformation and product diversification, including the introduction of new offerings like mutual funds and home loans, has complemented its physical expansion, with a significant portion of transactions now occurring through digital channels. Bandhan Bank’s robust growth strategy, which includes plans for further branch openings and a focus on non-microfinance lending, positions it as a key player in India’s evolving financial ecosystem. By strengthening its distribution network and deepening its impact in regions with high growth potential, Bandhan Bank is not only enhancing its market presence but also contributing to the broader goal of financial empowerment and inclusion nationwide.
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This latest development underscores Bandhan Bank’s unwavering commitment to reaching new customers and supporting the economic development of India’s semi-urban and rural areas, reinforcing its role as a leading private sector bank in the nation’s banking landscape.
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