Maharashtra will soon get 207 new branches of HDFC Bank along with 80 smart banking lobbies. The Bank, which is headquartered in Maharashtra, intends to hire more than 3,000 people this fiscal as it works to expand its network in the State.
About 90 of the new branches will be in metro and urban areas, and the rest will cater to the rural and semi-urban areas of the State.
Presently, HDFC’s network of 709 branches and about 3,200 ATMs has reached all the districts and the over 280 talukas of Maharashtra. About 1,375 business correspondents and 15,116 business facilitators are part of the network.
The credit to deposit ratio is reportedly more than 100 per cent in 29 districts, while the total advances in Maharashtra stood at over Rs 3.28 crore in March 2022. Its deposits were at Rs 4.35 crore. As a result, its market share is 13 per cent in terms of overall business.
Last month, the Bank made headlines when it opened its all-women branch in Kozhikode, in the northern region of Kerala. About 21.7 per cent of the Bank’s total workforce comprises women right now. The Bank is now working towards improving the figure to 25 per cent in the next three years. The Kozhikode branch is another step towards fulfilling this target and also upholding the Bank’s commitment to diversity.