New Delhi: Non-public lender HDFC Financial institution opened a department at Kavaratti Island in Lakshadweep, making it the one personal sector financial institution to have a department within the Union Territory. This department is aimed toward upgrading the banking infrastructure within the Union Territory by providing a variety of companies with a deal with private banking, and digital banking which additionally consists of customised digital options together with QR-based transactions to retailers.

HDFC Financial institution has branches within the chilly climes of Kashmir, the southern tip of Kanyakumari, and now the island of Lakshadweep – a distinguished vacationer place. (Additionally Learn: EPFO Introduces Computerized Switch Of EPF Accounts: Verify Who Can Avail This Facility And Different Necessities)

“This reaffirms our dedication to serving clients wherever they’re in an especially handy vogue,” mentioned S Sampathkumar, Group Head- Retail Department Banking, HDFC Financial institution. (Additionally Learn: Setback For OnePlus? Cellular Retailers’ Physique Threatens To Cease Gross sales From Could 1)

“We sit up for serving the monetary wants of people, households, and companies in Lakshadweep and changing into a trusted associate of their monetary journey and contributing to the general improvement of the island,” mentioned S Sampathkumar.

As of December 31, 2023, the HDFC Financial institution’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 p.c of its branches are in semi-urban and rural areas. As well as, it has 15,053 enterprise correspondents, that are primarily manned by Frequent Service Centres (CSC).


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