Bandhan Financial Services will start full fledged commercial banking operations today. Finance Minister Arun Jetley will inaugurate the Bandhan Bank at function in Science City Auditorium in Kolkata. Kolkata based Bandhan got the approval of Reserve Bank of India to start commercial banking operations last year. With the launching of banking services, 500 branches of Bandhan will start functioning across the country. Founder of Bandhan and Chairman cum Managing Director Chandra Sekhar Ghosh has said that bank's philosophy is to respect each customer and meet their needs, regardless of their financial position.<br/><br/>AIR correspondent has filed this reports, after many many years a new private sector lender will start operations. The Kolkata based micro-financer Bandhan Financial Services got the approval of Reserve Bank of India to start commercial banking operations last year. The inauguration of last bank in Kolkata is a history now. It was about 72 years ago in January in 1943 foundation stone of the United Commercial Bank Limited now UCO bank was laid in Kolkata. Bandhan will start 500 branches of which 200 will be in metro and urban areas and remaining in Semi-Urban and rural areas. As per RBI guidelines Bandhan will now merge the Micro-Finance business with the bank. The new opening is another milestone in the banking history of the country and move further in the direction of financial inclusions.

Bandhan Financial Services will start full fledged commercial banking operations today. Finance Minister Arun Jetley will inaugurate the Bandhan Bank at function in Science City Auditorium in Kolkata. Kolkata based Bandhan got the approval of Reserve Bank of India to start commercial banking operations last year. With the launching of banking services, 500 branches of Bandhan will start functioning across the country. Founder of Bandhan and Chairman cum Managing Director Chandra Sekhar Ghosh has said that bank's philosophy is to respect each customer and meet their needs, regardless of their financial position.<br/><br/>AIR correspondent has filed this reports, after many many years a new private sector lender will start operations. The Kolkata based micro-financer Bandhan Financial Services got the approval of Reserve Bank of India to start commercial banking operations last year. The inauguration of last bank in Kolkata is a history now. It was about 72 years ago in January in 1943 foundation stone of the United Commercial Bank Limited now UCO bank was laid in Kolkata. Bandhan will start 500 branches of which 200 will be in metro and urban areas and remaining in Semi-Urban and rural areas. As per RBI guidelines Bandhan will now merge the Micro-Finance business with the bank. The new opening is another milestone in the banking history of the country and move further in the direction of financial inclusions.