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HDFC Bank planning to double network of branches in next three to five years

22 Jun 2022 Evaluate

HDFC Bank is planning to double its network of branches in the next three to five years by opening 1,500 to 2,000 branches every year. Currently it has over 6,000 branches across India.

Besides, in early April this year, the Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Bank had announced a transformational merger, which is expected to be completed in about 15 to 18 months.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Peers
Company Name CMP
HDFC Bank 705.65
ICICI Bank 1316.40
Axis Bank 1225.50
Kotak Mahindra Bank 415.35
Indusind Bank 883.15
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