HDFC Bank IFSC Code For Lakshadweep Branch; Lender Becomes First Private Bank To Have Presence In UT

HDFC Bank has branches in the cold climes of Kashmir, the southern tip of Kanyakumari and now the island of Lakshadweep - a prominent tourist place.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: April 12, 2024, 9:02 AM IST

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https://www.india.com/business/hdfc-bank-ifsc-code-for-lakshadweep-branch-lender-becomes-first-private-bank-to-have-presence-in-ut-6853567/ Copy

HDFC Bank has become the first private bank to open a branch in India’s famous island lakshadweep. The private lender has opened its first branch at Kavaratti Island. There was a presence of government banks in union territory but no private bank had started their business in Lakshadweep.

Check HDFC Bank IFSC Code, Branch Code, Address and more below.

HDFC has opened a branch with an aim to upgrade the banking infrastructure in the Union Territory. It will also offer different services and will mainly focus on personal banking, and digital banking. It will provide customized digital solutions including QR-based transactions to retailers, which can be a unique feature for the customer in the island.

HDFC Bank On Its Branch In Lakshadweep 

HDFC Bank has branches in the cold climes of Kashmir, the southern tip of Kanyakumari and now the island of Lakshadweep – a prominent tourist place.

S Sampathkumar, Group Head- Retail Branch Banking, HDFC Bank, said “This reaffirms our commitment to serving customers wherever they in an extremely convenient fashion,” 

“We look forward to serving the financial needs of individuals, families, and businesses in Lakshadweep and becoming a trusted partner in their financial journey and contributing to the overall development of the island,” said S Sampathkumar.

HDFC Bank Branches Across Nation

As of December 31, 2023, the HDFC Bank’s distribution network was at 8,091 branches and 20,688 ATMs across 3,872 cities or towns as against 7,183 branches and 19,007 ATMs across 3,552 cities or towns as of December 31, 2022.

About 52 per cent of its branches are in semi-urban and rural areas.

In addition, it has 15,053 business correspondents, which are primarily manned by Common Service Centres (CSC).

(With Inputs From ANI)