Bandhan Bank sets up its first currency chest

This will help the private lender manage cash for its branches and ATMs there. 

This currency chest will also help its customers, micro, small, medium enterprises and small traders with supply of currency notes to the bank branches and the ATMs as and when required, the lender said in a statement. 

As Patna sees a lot of cash transactions on a daily basis, the chest will also benefit the bank branches with storage, it said. 

Bandhan Bank MD and CEO C S Ghosh said, “I hope this will benefit all the customers directly or indirectly. The currency chest is one-step forward in enhancing customers’ convenience in the banking services that we offer.” The Kolkata-headquartered bank plans to open more than 530 new branches across the country in the current financial year. 

The new branches will mainly be in the north, west and south of India. The lender currently has a customer base of more than 2.69 crore.