Mumbai: HDFC bankThe country’s largest private sector lender, on Sunday, said it aims to double its rural reach to two lakh villages, which would employ 2,500 people over the next six months.
The city-headquartered bank also said that it aims to double its presence in the next 18-24 months through a combination of branch network, business correspondents, business facilitators. csc (Common Service Center) partner, virtual relationship management and digital outreach platform.
Earlier in the day, Finance Minister Nirmala Sitharaman Expressed disappointment over banking access and asked lenders to do more.
HDFC Bank said that after the expansion, the bank’s reach will reach one-third of the villages in the country.
“India’s rural and semi-urban markets are short on credit expansion. They present sustainable long-term growth opportunities for the Indian banking system,” said its group head (commercial and rural banking) Rahul Shukla said.
Shukla said that going forward his dream is to make his services available in every pincode of the country.
Presently, the bank offers its products and services to small businesses in over 550 districts and is a leader in the expansion of banking services to micro, small and medium enterprises, the statement said.
The city-headquartered bank also said that it aims to double its presence in the next 18-24 months through a combination of branch network, business correspondents, business facilitators. csc (Common Service Center) partner, virtual relationship management and digital outreach platform.
Earlier in the day, Finance Minister Nirmala Sitharaman Expressed disappointment over banking access and asked lenders to do more.
HDFC Bank said that after the expansion, the bank’s reach will reach one-third of the villages in the country.
“India’s rural and semi-urban markets are short on credit expansion. They present sustainable long-term growth opportunities for the Indian banking system,” said its group head (commercial and rural banking) Rahul Shukla said.
Shukla said that going forward his dream is to make his services available in every pincode of the country.
Presently, the bank offers its products and services to small businesses in over 550 districts and is a leader in the expansion of banking services to micro, small and medium enterprises, the statement said.
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