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Sunday, April 21, 2013

HDFC Bank reaches new milestone

HDFC Bank, the second largest private sector bank has reached a milestone of 200 branches in Andhra Pradesh. The latest one has been set up in Vemulawada, a pilgrim town in Karimnagar district. The bank will focus on opening more branches in the rural parts of Andhra Pradesh.

Currently, more than 75 per cent of its total branches in the country are outside the top nine metros, which indicates its intent to growing its network in semi-urban and rural areas. This focus is part of the bank’s Board approved mandate to bring 10 million families (40 million individuals) into the banking fold, said Madhusudan Hegde, branch banking head – South, HDFC Bank. The bank has a countrywide network of 2,776 branches and 10,490 ATMs, a press release said.

Source: thehindubusinessline


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