Bandhan Bank to add 250 banking outlets by the end of this financial year

Move follows relaxation given by RBI to expand network. Earlier, the regulator had imposed curbs on lender for not meeting promoter shareholding norms

After the relaxation given by the Reserve Bank of India (RBI) to Bandhan Bank for opening branches, it is looking to add close to 250 banking outlets (including doorstep banking centres, or DSCs) in the next one month.

The relaxation comes a relief for the bank, as the restriction on branch expansion was a penalty for not meeting regulatory norms of maintaining promoters’ holding at 40 per cent.

“Through this letter, the regulator has now recognised the efforts of the bank towards compliance. That is one signal given to us. That has been taken as a strength of the bank,”