Bandhan Bank opened 8 new branches and 2 retail asset centres across Maharashtra

by Psu Connect
Date: 30-03-24

Bandhan Bank has added 20 new bank branches in Maharashtra, taking the total number of branches to 80 across the state.

Bandhan Bank opened 8 new branches and 2 retail asset centres across Maharashtra

Mumbai: Bandhan Bank, one of the fastest-growing banks in the country, today announced that it has opened its Retail Asset Centres (RAC) in Pune and Nagpur. While Bandhan Bank already has an RAC in Mumbai, the Bank plans to strengthen its retail asset business across rest of Maharashtra through new RACs. The Pune RAC is in the Camp area, while the Nagpur RAC has been opend at Ramdaspeth on Wardha Road.

The Bank also opened 8 new bank branches across the state of Maharashtra. In Financial Year 2023-24, Bandhan Bank has added 20 new bank branches in Maharashtra, taking the total number of branches to 80 across the state. While the Bank has 12 branches in Pune and 3 in Nagpur, the new RACs will bolster the loan requirement handling capacities of the branches and also support the swift processing system.

These RACs are specialised centres for processing of loans and will house the staff of various asset verticals of the Bank. While much of the work at the Asset Centres will be related to the processing of loans, customers looking for loans may also walk into these centres. They can have their queries resolved, pay their EMI for existing loans from the Bank and also apply for new loans.

The asset centres will work with the credit processing, legal, valuation and other relevant agencies as part of the loan sanctioning process. These centres will also help channel partners get better collaboration from the Bank.

Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank said, “The Bank is well on its journey to diversify its assets portfolio and Retail Asset Centres will play a critical role in the same. We are also looking at growing the current products as well as introducing new products in the retail asset portfolio. The Bank is committed to serving all its customers through products and services suited to their needs. We will also continue to actively evaluate distribution expansion opportunities to reach out to a larger population across the country.”