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Bandhan Bank has deposits of Rs 1500 cr

Bandhan Bank has collected deposits worth Rs 1500 crore in 45 days of its operation. The bank’s MD and CEO Chandra Shekhar Ghosh said the high initial growth in deposits is encouraging but it may taper down a bit over time. In about a month’s time the bank had 5 lakh new customers. Ghosh said the bank’s customer base has touched 83 lakh, up from 78 lakh when it began banking operations. The number of accounts (savings and loan) has risen by five lakh to 1.48 crore. Most of the new branches are in rural and un-banked areas. The bank has also launched its lending operations with housing loans – up to a maximum limit of Rs15 lakh to an individual customer – and vehicle loans – restricted initially to two-wheelers and commercial vehicles for customers in rural and semi-urban area. It has also applied for being empanelled to maintain pension accounts.

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