Bandhan Bank has expanded its branch network after getting a relief from the Reserve Bank of India. The city-based bank had restrictions on branch expansion after it was unable to bring down its promoter holding within the time set by the regulator.

Bandhan Bank on Wednesday announced the opening of 125 branches across 15 states. These include 42 branches in Uttar Pradesh, 29 in Rajasthan, 12 in Madhya Pradesh, seven each in Andhra Pradesh and Telangana, six in Bihar, five in Chhattisgarh, four in Odisha, three in Tamil Nadu, two each in Uttarakhand, Karnataka, Maharashtra, and Assam, and one each in Delhi and Bengal.

Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, said, “We are happy that with the withdrawal of restrictions on opening new branches, we will be able to expand business growth rapidly. In our four-and-a-half-year existence as a universal bank, we have been quick to identify opportunities of expanding distribution and setting up our presence.”