Amidst digitisation, Bandhan Bank opens its 1000th branch

Quite a few banks are either shutting down branches or going slow on new branches.

Bandhan Bank which got a banking licence in 2014 is thinking otherwise. It started with 500 branches and has doubled the number of branches in just 4 years.

Private sector lender Bandhan Bank on Saturday opened a new branch at Haltu in Kolkata. With this,  the bank has now a total of 1,000 branches.

The announcement of the 1,000th branch coincided with the inauguration of the bank’s new head office in Salt Lake City, Kolkata.

With a network of 3,014 Doorstep Service Centres that the bank already has, the total number of banking outlets now stands at 4,014 across 34 of the 36 states and union territories in India.

Chandra Shekhar Ghosh, MD and CEO, said, “This is a big milestone for Bandhan Bank. We started the bank with 501 bank branches in August of 2015. In just about four years, we have doubled that count to 1,000. We have always aimed at making banking accessible to all, and this landmark of 1,000 branches is another step in that direction.”

Some banks continue to believe that branches still matter…

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