RBI Deputy Governor Mundra inaugurates Bandhan Bank's Nariman Point branch in Mumbai
S. S. Mundra, Deputy Governor, Reserve Bank of India inaugurated the branch.
The Nariman Point branch is Bandhan Bank’s 10th branch in India’s financial capital, Mumbai.
With this, the Kolkata-headquartered Bank now has 46 branches in Maharashtra.
Commenting on the occasion, Mundra complimented Bandhan Bank for its smooth transition as a full-service commercial bank and lauded the efforts of the staff in furthering the cause of financial inclusion.
"Mumbai would be an ideal place to experiment with innovations in the area of financial inclusion. The financial inclusion initiatives would need to be supplemented by financial literacy through digitalisation. A cell phone - smart or otherwise- in the hands of the customers should serve both as a mobile bank branch as well as a tutorial for them," he said.
The Deputy Governor specifically urged the management of Bandhan Bank to continue their focus on their 'niche' segment while pursuing the best risk management practices.
"We are happy to open yet another branch in Mumbai and will continue to increase our presence in the western state. Our motto is to serve every customer with respect and meet their basic financial needs," said Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank Ltd.
“Even though our presence in Mumbai is not big but in terms of deposit mobilisation they are playing a very critical role. Thank you Mumbaikars,” Ghosh added.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
