HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
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HDFC Bank planning to increase number of banking correspondents to 25,000 by end of FY21

Date: 14-09-2020

In a bid to expand its rural reach, HDFC Bank is planning to more than double the strength of its banking correspondents (BCs) to 25,000 by end of FY21. At present, the bank has a network of 11,000 banking correspondents. A customer will get all banking facilities from opening of an account, fixed deposit, to payment products and loan close to his house in a rural area through the BC network. The bank is looking at its tie-up with the government's common services centres (CSCs) to expand its BC network.

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.