Bhubaneswar: Chief Minister Naveen Patnaik on Friday inaugurated eight new branches of HDFC Bank in Odisha through video conference. These branches will generate over 100 jobs for the youth. Of the eight new branches five are in Khurda district, one each in Sudargargarh, Sambalpur and Kendrapada districts.
The new branches are part of HDFC’s network expansion strategy in the State and the opening is timed to help facilitate banking services during the ongoing Covid-19 pandemic.
“The launching of eight branches in this pandemic situation will be another step forward in financial inclusion of the unbanked people,” said Patnaik.
The Bank started its journey in Odisha in the year 2000. In the last 20 years, the bank has developed a network of 150 branches and 276 ATMs. Over 60 per cent of these are in the semi-urban and rural areas and the focus of the new branch expansion will also be in these locations. The Bank also plans to set up 73 additional Business Correspondents (BC) in the state. The BC network will help bridge the last-mile connectivity in making banking products and services available to customers and take banking to the remote places in the state.
Chief Secretary, Chief Adviser to CMO, Development Commissioner, Principal Secretary Finance, ET & IT Secretary, Country Head of Retail Banking for HDFC Bank Arvind Vohra, Sandeep Kumar, Head-Branch Banking, HDFC Bank and other senior bank officials attended the function.