Private lender HDFC Bank has unveiled 100 new branches across India. The bank launched the branches in 83 cities/towns spread across 15 states and Union Territories.
According to the official communiqué, nearly 50% of the branches announced by the bank are situated in the semi-urban and rural geographies.
The new branches were launched by the bank’s MD and CEO, Sashidhar Jagdishan and Senior representation of the bank from Madhya Pradesh were also present.
Arvind Vohra, Group Head – Retail Branch Banking, HDFC Bank, said: “We are committed to serve our customers through a combination of physical branch units and digital banking services. We will continue to open more branches in coming months, making quality banking products and services available across the country.”
The lender unveiled 425 retail branches and four digital banking units in the current financial year. As on December 15, 2022, the bank’s distribution network included 6,762 retail branches, four digital banking units, and 17,076 ATMs across 3,279 cities/towns.
HDFC Bank is expected to expand its distribution network in a bid to level-up its growth strategy across businesses and will help the bank in meeting its customers’ needs across the country.