BRANCH BANKING | Cesar Tordesillas, India

India's HDFC Bank opens 87 branches in a day

It's probably a record.

HDFC Bank's opening of 87 branches in one day would probably remain in the record books for a long time. ,
These were mostly opened in the rural areas of Punjab and Haryana.

The bank capped this feat by also launching an exclusive 'Bharat Credit Card' for farmers in both the states in that same day.

Punjab Chief Minister Prakash Singh Badal inaugurated 51 branches in the state, while the 36 branches in Haryana were launched by Chief Minister Bhupinder Singh Hooda, the bank said in a statement.

The rural push is part of the bank's board mandate to bring 10 million unbanked families into the banking fold.

"We are committed to providing efficient, technology driven banking products and services across the country to help bring about inclusive growth. These 87 full-service rural branches reiterate this commitment and we are confident our endeavour will help in the economic development of Punjab and Haryana villages," said Navin Puri, the bank's country head for branch banking.

The 'Bharat Credit Card', which is a new global credit card, offers cash back on every purchase as well as a waiver on petrol surcharge on fuel transactions between 400 and 5,000.

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