HDFC inaugurates 71st branch in JK

SRINAGAR: HDFC Bank Wednesday announced the launch of its new branch at Charar-I-Sharief in central Kashmir’s Budgam district.
The branch, at a distance of 40 kilometers from Srinagar, is the Bank’s 71st in Jammu and Kashmir, and “will offer the full range of world-class banking solutions to meet the needs of the local population of around 7, 500,” the Bank said in a press statement issued here.
This is the HDFC’s fourth branch in the district and 41st in the Kashmir division, it added. The branch was inaugurated by District Development Commissioner Budgam, Mir Altaf, in presence of Zubair Iqbal, Circle Head of HDFC Bank, other senior officials of the Bank, and prominent local dignitaries, it said.
The branch is located at the Main Chowk Gulshanabad, and is headed by Sheikh Gowhar, the Bank said.
“The new branch will cater to the needs of the picturesque district, which is also renowned for its apple, pear and almond orchards,” it added.
The Bank said it has rapidly expanded its network of branches in the state within the past five years, and has the largest branch network among private sector banks.
In J&K, the Bank said it made significant headway in its multichannel servicing strategy.
Speaking about the new branch, Branch Banking Head of HDFC Bank, Ravi Narayanan, said: “The Bank’s growing network is a reflection of our commitment to take formal banking to a significantly larger number of families and businesses in JK. Our objective is to empower more people in the state by offering them our full range of banking services including digital initiatives, even in rural areas, thus making a difference in their lives.”
Zubair Iqbal, Circle Head of the Bank, said: “The new 6-day-a-week branch at Charar-I-Sharief will enable customers to undertake day-to-day transactions and experience the Bank’s wide range of products and services. We are expanding into deeper geographies with increased intensity, and with 75+ transactions now available on the mobile, we look forward to bringing a whole new world of convenience and flexibility to the local populace as well as customers across the state.”