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HDFC to expand network
| August 26, 2008 |  (Be the first to rate this story!) Loading ... |
HDFC Bank aims to spread its network to the rural areas of the country as there is an increasing demand for banking and finance products by agriculturists. New branches in rural areas would have core banking facility, similar to those which the bank provides to customers in metropolitan cities, according to a top official of the bank. Currently, 125 of the total of 325 branches in South India are in rural and semi-urban areas, 113 in urban areas and 87 branches in metro cities.
“During the next fiscal, we plan to open more than 200 branches across the country. Of this, we will open more than 100 branches in rural areas,” HDFC Bank Senior Vice-President G S Gopinath said. “The main idea is to make farmers and SHG have a bank account and access to the bank,” he added. For this purpose, HDFC Bank has planned to depute more field staffs and provide offices with internet and other facilities at rural branches.
News Published Under: Banking and Finance |
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