Bandhan Bank Opens Three New Branches, 122 Banking Outlets
A man counts Indian rupee banknotes at a shop in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Bandhan Bank Opens Three New Branches, 122 Banking Outlets

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Bandhan Bank Ltd. on Wednesday said it has opened three new branches, taking the total number across India to 1,013.

The Kolkata-based lender also opened 122 banking outlets in the form of small-format units. A Bandhan Bank official said the development comes days after the Reserve Bank of India lifted restrictions on new branch openings for the lender.

"We are happy that with the withdrawal of restriction, we will be able to expand business growth rapidly," Managing Director & Chief Executive Officer Chandra Shekhar Ghosh said. The bank has a presence in 34 states.

Also read: RBI Lifts Some Restrictions Placed On Bandhan Bank

The total business of Bandhan Bank stood at Rs 1.20 lakh crore as on Dec. 31, 2019, it said in a release.

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