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Bandhan plans to open 20 branches in Odisha

Industry Economy

Bandhan Financial Services is planning to set up 20 bank branches in Odisha. Bandhan, as a microfinance institution (MFI) already has presence in Odisha, has received in-principle approval from RBI to start banking operation in 2015-16. Further, public sector banks Punjab National Bank and Andhra Bank has also proposed to open 40 and 75 new branches in the state respectively in 2015-16.

Extracted from BS, May 22,’15

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