Muthoot Microfin and Bandhan Bank Expand Reach in Strategic Regions

Muthoot Microfin expands into Northeast India by opening in Assam, highlighting the region's untapped potential. Bandhan Bank opens a new branch in Pandharpur, Maharashtra, demonstrating its growing network with over 350 branches. Both moves underline growth and strategic positioning in key Indian regions.

Devdiscourse News Desk | Mumbai | Updated: 29-07-2025 22:25 IST | Created: 29-07-2025 22:25 IST

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Muthoot Microfin announced a significant expansion into Northeast India, with operations commencing in Assam. This move underscores its commitment to unlocking the entrepreneurial potential in a region previously flagged for challenges in loan collections.

The company's chief executive emphasized Assam's resilience, marking it as a strategic area for growth within the microfinance sector.

Meanwhile, Bandhan Bank broadened its reach by opening a new branch in the temple town of Pandharpur, Maharashtra. This addition increases its total branches to over 350, accentuating the bank's rapid growth in the private sector.

(With inputs from agencies.)