"For us, over the years, the eastern part was more (about) deposit-gathering than giving loans but (now), pan-India, we are seeing that growth is very strong. Even in the eastern part of the country, even in Kolkata or in West Bengal, we are seeing as much growth in percentage terms as we are seeing in some of the other states," Mr Mistry said.
"It's just that historically the baggage is that in terms of percentage distribution of our loans the eastern part has relatively lower percentage than the south, west or north. Having said that, the percentage growth, at HDFC, is growing at 17 per cent or 18 per cent in terms of housing loans... that kind of growth is coming from across the country. Maybe eastern parts have shown higher percentage growth because the base is lower," he explained.
AdvertisementHe also lauded Bandhan Bank's efforts to bring more people into the formal banking system.
"I am happy to be a part of Bandhan Bank's Foundation Day and privileged to deliver the anniversary lecture. Having seen the journey of Bandhan Bank from close quarters, I know their steadfast commitment to purpose-driven banking, reaching the right audiences, and the intent to catalyse meaningful change in the lives of their customers. I wish the best for the future."
Bandhan Bank Anniversary
Bandhan Bank's Founder, Managing Director and Chief Executive Officer, Chandra Shekhar Ghosh, said, "It has been a great ride in these eight years of Bandhan Bank. With the opening of our Leh branch, we have established our presence in another union territory and enhanced our presence."
"We will continue to expand our footprint to reach a wider population across the country. I want to thank all our stakeholders and well-wishers for their trust and support; for being a part of this incredible journey and for believing in us."
Bandhan Bank marked eight years of its journey by opening a branch in Leh district in the Union Territory of Ladakh. The bank also opened another branch in Srinagar in the Union Territory of Jammu and Kashmir.
With the launch of these branches, Bandhan Bank established its presence in 35 of 36 states & UTs and has a customer base of over three crore with 6,100 banking outlets across India.
