HDFC opens 6 micro-branches in rural areas | india | Hindustan Times
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HDFC opens 6 micro-branches in rural areas

To expand its business, Housing Development Finance Corporation (HDFC) bank on Thursday announced the launch of six new branches in rural areas of the state. The new branches were inaugurated by chief secretary Sudripta Roy accompanied by senior bank officials. These new rural branches are part of HDFC bank's plan to deepen its penetration in rural markets and take banking services to every part of India.

india Updated: Aug 14, 2013 18:26 IST
HT Correspondent

To expand its business, Housing Development Finance Corporation (HDFC) bank on Thursday announced the launch of six new branches in rural areas of the state. The new branches were inaugurated by chief secretary Sudripta Roy accompanied by senior bank officials. These new rural branches are part of HDFC bank's plan to deepen its penetration in rural markets and take banking services to every part of India.

This was stated by head, corporate communication, Neeraj Jha. He added that two of these six branches were located at Sundli of Jubbal tehsil and Kuddu of Shimla district, where inhabitants were deprived of any banking services.

“The new three-person branches in these villages will now bring them into the banking fold,” Jha said, adding that HDFC Bank was reaching out to more people in the state through its micro-branches.

He said the remaining four branches were located at Chopal of Shimla district, Rajgarh of Sirmaur district, Darlaghat of Solan district and Reckong Peo of Kinnaur district.

“HDFC has now 43 branches in the state and the bank has a distribution network with 3,119 branches and 11,088 ATMs in 1,891 cities and towns across the country,” added Jha. Country head, branch banking, Navin Puri spoke through video conferencing from Mumbai and said,

“We are committed to take world-class banking to every part of India. With a comprehensive branch network across the country and a bouquet of products for every customer category, we believe that we can make a difference to the lives of the people of this region.”

Meanwhile, branch banking head Smita Bhagat said the bank would offer world-class services to its customers.

“The growth of our network enables us to offer the full range of banking services to a significantly larger number of families and businesses across Himachal Pradesh,” she said.