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BRANCH BANKING | Tony Chua, India

HDFC Bank plans to add 150 more branches

Lender wants to set up additional branches in rural areas and overseas.

Private sector lender, HDFC Bank has hinted intentions of opening up another 150 to 200 branches across the country by the end of this fiscal, said a top official of the bank.

"We will be adding between 150 and 200 branches pan-India by this fiscal end, of which over 50 per cent shall be opened in rural and underbanked areas," Executive Director HDFC Bank Paresh Suthankar said.

"The proposed expansion of branch network shall be undertaken in this quarter and in subsequent next two quaters," Suthankar said. "As part of this proposed branch expansion plan 10 new branches have been added in Gujarat and another eight shall be opened in the state in next two months," he said.

View the full story in Rupee Times.

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