HDFC Bank plans to open 1500 new branches, expand network
The largest private-sector bank HDFC has plans to keep an aggressive branch expansion run-rate of 1,400-1,500 in 2023-24. With this, the network would rise to 13,000-14,000 as part of its focus on mobilizing deposits.
This comes after the bank has decided not to focus too much on affordable housing and infrastructure bonds whose presence will be limited in its overall growth.