Bandhan Bank announced it will open 14 branches in the five southern states – Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and Telangana.
The Bank has commenced its nationwide operations from August 23. These branches will reportedly be operational on the same day.
The bank will focus on retail and micro enterprises in unbanked or under-banked rural areas.
Bandhan will merge the micro-finance institution business with the bank, as per RBI requirements. However, it will carry on its micro-loan activities through its existing 2,022 low-cost service outlets.
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