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BRANCH BANKING | Tony Chua, India
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HDFC targets to open 250 new branches

Lender plans to hold 150 ‘loan camps’ as it focuses on semi-urban and rural areas.

With an aim to strengthen its banking network, HDFC Bank Ltd is planning to open 250 new branches across the country in the next two years.

Moreover, the bank has decided to focus on semi-urban and rural areas of the country. As part of this, the bank is planning to hold 150 ‘loan camps’ in rural areas across the country, shortly.

Presently, the bank has 1,725 branches and 4,393 ATMs in 780 cities in the country.

“We are planning to open 250 new branches across the country in the next two years, including 11 branches in North Maharashtra. In Nashik district, the bank has identified three locations-Nashik city, Dindori and Satana,” Aditya Puri, Managing Director, HDFC Bank Ltd, said.

View the full story in Business Standard.

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