Indian microfinance bank Bandhan plans to open 600 branches

Monday, May 5, 2014

Microfinance outfit Bandhan Financial Services Ltd., which got a banking licence from the Reserve Bank of India on April 9, is planning to open around 600 branches, its Chairman and Managing Director Chandra Sekhar Ghosh said.

Talking to the media after participating at an interactive session organised by the Bharat Chamber of Commerce, he said that the organisation’s strength was in its rural presence. “About 80 per cent of our network is in rural areas,” he said.

Source: The Hindu (link opens in a new window)

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banking, financial inclusion, microfinance