Bandhan Financial Services, the first new commercial bank in India in over a decade, has started banking operations with 501 branches.

Out of the bank’s 501 branches, 229 are located in rural areas whereas 179 are located in unbanked areas.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Majority of the branches (220) are located in West Bengal, followed by Bihar (67), Assam (60), Maharashtra (21), Uttar Pradesh and Tripura (20 each), along with Jharkhand (15).

The bank, which began as a not-for-profit micro-finance enterprise in 2001, is currently operating under two units- the micro banking and general banking.

At the same time, it is also offering complete retail financial solutions such as savings and loan products.

As of now, it has 14.3 million accounts, a loan book of nearly INR105bn, a capital of INR25.7bn, and a workforce of about 19,500.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In addition, the bank, which currently also has 2022 service centres and 50 ATMs, has unveiled plans to increase the branch count to 632 and ATM count to 250 across 27 states by the end of fiscal year 2016.

Bandhan Bank founder, managing director and CEO Chandra Shekhar Ghosh said: "Our business philosophy is customer first. We are a universal bank and we will have equal respect for all our customers — big and small.

"Today, all of us in the Bandhan family are rededicating ourselves to fulfil the demand of every Indian — banking as a fundamental right. We are committed to usher in a new era in Indian banking."