Maximum bank branches simultaneously launched

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Maximum bank branches simultaneously launched

Maximum bank branches simultaneously launched

March 31, 2022 has been engraved in the history of Banking industry as HDFC Bank set a new record of simultaneous launch of 250 bank branches across the nation at multiple venues digitally in presence of HDFC MD and CEO, Mr Sashi Jagdishan and senior members of the board and group heads. With this simultaneous inauguration of maximum bank branches, HDFC Bank secured a place in the India Book of Records.

Mr Alok Shinde, Head – Trade Marketing, HDFC Bank, Mumbai, said that with ‘Project Future Ready’, HDFC Bank added over 1,000 branches in these past two years of which over 700 branches were launched in financial year 2021-22 alone taking the total number of branches to 6342 as of now.

The bank branches were launched with a click of a button by HDFC Managing Director and CEO, Mr Sashi Jagadishan since this was a digital event. On the other hand, branch managers inaugurated their respective branches in a ribbon cutting ceremony, well-displayed via zoom, along with other formal activities, added Mr Shinde.

Out of the 250 branches launched digitally, 31 branches are based in different towns in Maharashtra, 25 in Karnataka, 41 in Uttar Pradesh, 08 in Uttarakhand, 03 in Delhi, 05 in J&K, 01 in Haryana, 09 in Madhya Pradesh, 07 in Chhattisgarh, 17 in Rajasthan, 04 in Jharkhand and 09 in Odisha. The other branches are:  01 in Assam, 02 in Manipur, 08 in West Bengal, 17 in Tamil Nadu, 11 in Kerala, 17 in Andhra Pradesh, 07 in Telangana, 07 in Punjab, 07 in Himachal Pradesh, 09 in Gujarat, among few others. The launch of the 250 bank branches was captured via digital platform.

Few of the prominent locations of the newly launched branches included  Panchgani in Satara district (Maharashtra), Belur in Hassan district (Karnataka), Kashipur in Udham Singh Nagar district (Uttarakhand), Shahabad in Hardoi district (Uttar Pradesh),  Nagrota in Jammu district (Jammu & Kashmir), Palasia Indore (Madhya Pradesh), Sreebhumi Branch in 24 Parganas district (West Bengal), Mangyawas Road, Jaipur (Rajasthan), Chettikulam Junction in Kanyakumari district (Tamil Nadu), Annavaram Devasthanam in East Godavari district (Andhra Pradesh), Chail Chowk in Mandi district (Himachal Pradesh), and TRP Mall Bopal Ghuma Road in Ahmedabad (Gujarat), among others.

The HDFC Bank has a presence in more than 3,000 cities and towns through its 6,342 branches, with about 50 percent of these branches in semi-urban and rural geographies in the country. The bank has more than 68 million customers. Leveraging its distribution might, the proposed merger with India’s premier housing finance company – HDFC Limited, is supposed to broaden the home loan offering, synonymous with the national objective of Pradhan Mantri Awas Yojana (PMAY) that intends to provide housing for all. Moreover, HDFC Bank will enable seamless delivery of home loans and leverage on the large base of over 68 million customers of HDFC Bank and inter alia improve the pace of credit growth in the economy. HDFC Bank Limited is a banking and financial services company headquartered in Mumbai. It is India’s largest private sector bank by assets. It was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation (HDFC).