Excelsior Correspondent
KATHUA, Jan 3: HDFC Bank launched its 8th Gold Loan branch here today.
Residents of Kathua district can now avail Gold Loan safely and conveniently to meet their financial requirements, including during exigencies in 45 minutes to an hour at attractive interest rates.
The branch was inaugurated by chief guest Umesh Gupta, Executive President, CTM Kathua in the presence of Sachin Mahajan, Circle Head, HDFC Bank and other senior officials of the Bank.
The branch is located at HDFC Bank Limited, Shakuntla Complex, Opposite SP Office Ramnik Vihar, Kathua and is headed by Vikas Kumar.
HDFC Bank has rapidly expanded its branch network in J&K in the past five years. The bank currently has 87 branches and 239 ATMs in the UT. It has also leveraged technology to provide banking services through multiple digital channels such as netbanking and mobile banking. HDFC Bank has the largest branch network among private sector banks in Jammu and Kashmir. The geographical spread of its branches aligns with the Bank’s focus on extending reach in under-banked and unbanked locations.
“The new Gold Loan branch network is a reflection of our commitment to take formal banking to a significantly larger number of families and businesses in Jammu and Kashmir,” said Sachin Mahajan, Circle Head Jammu and Kashmir, HDFC Bank.
“Our objective is to empower more people in the UT by offering them our full range of banking services including digital initiatives, even in rural areas, thus making a difference in their lives”, he added.
“At a national level, HDFC Bank has 50 per cent of its branches in semi-urban and rural areas and is continuously extending its reach in the hinterland in its endeavour to support inclusive growth. As of September 30, 2020, the Bank had a distribution network with 5,430 branches and 15,292 ATMs in 2,848 cities and towns”, Mahajan informed.
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