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HDFC Bank opens department in Lakshadweep
The largest non-public sector lender HDFC Bank on Wednesday inaugurated a department in Lakshadweep’s Kavaratti island.
The largest non-public sector lender HDFC Bank on Wednesday inaugurated a department in Lakshadweep’s Kavaratti island. The financial institution is the one non-public sector lender to have a presence in Lakshadweep, in keeping with an announcement.
The financial institution seeks to serve prospects wherever they’re and appears ahead to serving the monetary wants of people, households, and companies in Lakshadweep, the financial institution’s retail department banking group head S Sampathkumar mentioned. The department was inaugurated by Captain Lovekesh Thakur, Commanding Officer, Indian Navy and Ok P Muthukoya, a nicely-identified resident, within the presence of financial institution officers, the assertion mentioned.
This department is aimed toward upgrading the banking infrastructure within the Union Territory by providing a variety of companies with a concentrate on private banking, and digital banking which additionally consists of customised digital options together with QR-based mostly transaction to retailers.
HDFC Bank has branches within the chilly climes of Kashmir, the southern tip of Kanyakumari and now the island of Lakshadweep – a outstanding vacationer place.
As of December 31, 2023, the HDFC Bank’s distribution community was at 8,091 branches and 20,688 ATMs throughout 3,872 cities or cities as in opposition to 7,183 branches and 19,007 ATMs throughout 3,552 cities or cities as of December 31, 2022.
About 52 per cent of its branches are in semi-city and rural areas.
(With inputs from businesses)
