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Digital banking provider positioned for omnichannel growth; plans to strengthen , invest in R&D, introduce SaaS platform
Key Facts •Bandhan, one of India’s newest proposed banks, has outsourced all technology operations for its new banking operation to FIS. •Bandhan Financial Services Pvt. Ltd. is the largest microfinance institution in India and one of only two recipients of the “in-principle” approval recently granted by the Reserve Bank of India (RBI) to set up a bank. •The proposed Bandhan bank plans to commence operations in early 2015 with about 600 branches and 10 million customers. •FIS has been chosen for its proven capabilities and comprehensive, in-country servicing of India’s financial institutions.