In a significant development that marks immense improvement in Iran-West relations, United Kingdom reopened embassy in Tehran.
The embassy was closed in 2011 after hardliners angry over imposition of sanctions had stormed the compound, smashing windows and burning British flags.
The British Embassy would initially have a small number of staff with limited consular services, but officials expect to upgrade its leadership to full ambassador status in coming months.
Bandhan Bank began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.
As per reports, Bandhan Bank is starting operations with 1.43 crore accounts, around Rs 10,500 crore loan book and 19,500 employees. To begin with, it has got 501 branches, 2022 service centres and 50 ATMs across 24 states.
Bandhan Bank plans to have 632 branches and 250 ATMs in 27 states by the end of fiscal year 2016.
State-wise, West Bengal has the maximum number of branches 220, followed by Bihar 67, Assam 60, Maharashtra 21, Uttar Pradesh and Tripura 20 each, and Jharkhand 15.
The Kolkata-headquartered bank has two divisions -- micro banking and general banking - and will offer complete retail financial solutions, including a variety of savings and loan products.
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