Bandhan Bank garners deposits of Rs.13,000 crore

Kolkata, May 13 (IANS) The eight-month-old Bandhan Bank has garnered deposits of over Rs.13,000 ($2 billion) crore and now cater to about 8.5 million customers, Managing Director Chandra Shekhar Ghosh said on Friday.

The bank roped in seven lakh new customers after its transformation from a microfinance entity to a universal bank, Ghosh said at the launch of its 670th branch in the Park Street area here.

“The (new) branch will cater to high net worth customers for which we have arrangements within the branch. High net worth customers want personalised services and we are exploring how we could serve them better,” Ghosh said.

“We will open another branch like this in the city after taking performance feedback,” he said.

The branch was inaugurated by cricketing legend Sourav Ganguly, who maintains an account with the bank.

Having started to operate as a bank in August last year, Bandhan’s focus has been on liabilities side.

It operates across 29 states through a network 670 branches and 234 ATMs.

According to a statement issued by Bandhan Bank, its loan book is to the tune of about Rs.15,200 crore.

“We have employed more than 20,600 employees. As we expand our network of branches and ATMs in the coming months, the employee number will go up accordingly,” Ghosh said.



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