RBI allows Bandhan Bank to open 40 new branches
Bandhan Bank CEO Chandra Shekhar Ghosh has said the Kolkata-based lender will open 40 branches by end of December after RBI approved the move. The regulator had in September barred the bank from opening new branches without its permission over its failure to bring down promoters' stake within regulatory limits. After expansion, the lender would have 978 branches in total.