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Upcoming Bandhan Bank to focus on deposits first

Published

10 years ago

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Bandhan Bank

Kolkata: West Bengal-based micro-finance firm Bandhan Financial Services (BFS) Friday said it will focus on collecting deposits in the initial years of its operations after it rolls out a bank by September this year.

“As of now, we have an outstanding loan to start the bank which needs to be repaid. In the initial years, our focus will be to collect deposits from the public and repay the loan and thereafter we will start credit operations,” the company’s chairman and managing director C.S. Ghosh said.

The upcoming bank will have 600 branches across India, mainly in the semi-urban and rural centres with presence in metros and tier 1 cities.

“In Kolkata, we will have 35 branches alone. However, the major focus will be on the rural sector,” he said.

The firm has hired 400 experienced banking professionals to roll out operations later this year and has looped in another 3,000 freshers from the non-professional segment.

“We are already strong in West Bengal, Assam, Tripura and Bihar in the east, apart from Uttar Pradesh and other markets. Now, our focus will be on the south to cover Karnataka, Tamil Nadu, Andhra Pradesh and Kerala for the banking services,” he said.

The micro-finance (MFI) firm has a capital base of Rs.3,200 crore but is unable to take deposits as it flouts the Reserve Bank of India norms.

Asked about lending operations for the rural belt, Ghosh said: “The MFI wing will take care of initial lending activities and once our deposits stable, we will start large scale lending from the bank.”

The company received the in-principle approval to start banking operations in April 2014 within a period of 18 months.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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