HDFC Bank to open 50 new branches in Karnataka next fiscal

Last Updated: Thursday, March 7, 2013 - 14:23

Bangalore: Private sector lender HDFC Bank plans to open 50 new branches in Karnataka by the end of next fiscal, a senior official said on Thursday.

The proposed expansion includes the districts of Chamarajnagar and Kolar, where the bank at present does not have any branches, HDFC Bank Branch Banking Head (South) Dhiraj Relli told reporters here.

"By March 31, 2014, we plan to have 200 branches in Karnataka (from the current 150)," he said adding the Bank sees huge potential in rural and semi-urban areas".

The country's second largest private sector bank opened its 150th branch in Karnataka's Dakshina Kannada district's town of Sullia today.

At present, the bank has 1,069 ATMs across Karnataka, including 874 here.

PTI

First Published: Thursday, March 7, 2013 - 14:21

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