Growing at a rate of 25 percent since it launched its full-fledged banking services in Augusts last year the Kolkata-based Bandhan Bank has now brought two new products in terms of NRI banking facility as well as VISA debit cards that will enable both domestic and international operations.
Currently operation across 27 States through a network of 612 branches and 203 ATMs catering to over 8.2 million customers the Bank also aims at adding at least two additional lakh customers by the end of this financial year, Bank’s founder, MD and CEO Chandrashekhar Ghosh has said adding the institution’s prime focus would continue to generate employment and reaching banking services to the lowest level apartfrom bringing the NRIs into its net.
The NRI accounts were likely to be in form of foreign remittances fromEuropean countries and the US, Ghosh said adding “our aim is to reach out to the NRIs and inform them about the services we offer and thenwe will leave it up to them to join us.”
The VISA debit card will be available in two variants: Classic andPlatinum he maintained. “The VISA Classic Debit card holders will have the facility to withdraw Rs 1,00,000 as daily cash withdrawl,” hesaid. The card will have added security measures and for card-basedtransactions.
The Bank is mainly operating in States like Bengal, Kerala and Andhra Pradesh. In the past six months of its banking services the Bank hasgenerated deposits worth Rs 7,500 crore and its loan book stands atabout Rs 13,500 crore and the bank has 1.55 crore accounts, it was informed.