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Bandhan Bank to start its operation at Uttarpara from Sunday 23rd Aug 2015

eziAssist | ,  Hooghly

ExpiredBandhan Bank at Uttarpara


On August 23, 2015 when Union Finance Minister Mr. Arun Jaitley flags off the operations of 500 branches of Bandhan Bank on Sunday, it will be yet another milestone for West Bengal. This is going to be a new Bank with its head Quarter in Kolkata. This is even bigger for the residents of Uttarpara-Kotrung as the new bank will start its operation from this Sunday at this city as well.

In 2001, when Kolkata-based microfinance institution Bandhan advertised for ground-level credit officers for its new branch, it received 12 applications. Of the 12 applicants, six turned up for the interview. Four of the six were offered a job, but only two accepted it. On the date of joining, only one of the new recruits showed up and he too resigned within days.  

Today, as Bandhan recruits staff for the bank it proposes to set up after it was granted a banking license by the Reserve Bank of India, graduates from some of India's most sought-after institutes like the Indian Institute of Technology and Indian Institute of Management want to be part of it. For 15 posts, the proposed bank has received close to 27,000 applications.

This is a great achievement to Mr. Chandra Sekhar Ghosh who hails from a middle class family at West Bengal. He confirms that as a bank, Bandhan would stick to its Grameen model, creating a unique hybrid model of banking. Though the journey is just going to begin and the road ahead is full of challenges, but Mr. Ghosh is confident that the win will be his.

The bank will open for 7 days a week as the first ever bank to be open for all 7 days. When all the banks are working on how to start the 24x7 customer service, Bandhan shows the way. The bank has announced a savings bank interest rate of 4.5% pa for the new account holders and a slightly better interest rates for fixed deposits and all, the management hopes to get 1 billion customers account on the very first day.

The Uttarpara bank will be opened at Tip Top bus stop.

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