HDFC Bank increases distribution network with new branches

As of March 31, 2022, HDFC Bank's distribution network was at 6,342 branches and 18,130 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,188 cities / towns as against 5,608 branches and 16,087 ATMs / CDMs across 2,902 cities / towns as of March 31, 2021. 50% of the branches are in semi-urban and rural areas. In addition, the bank has 15,341 business correspondents, which are primarily manned by Common Service Centres (CSC). Number of employees were at 141,579 as of March 31, 2022 (as against 120,093 as of March 31, 2021).

The bank added 563 branches and 7,167 employees during the quarter and 734 branches and 21,486 employees during the year.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1464.85 as compared to the previous close of Rs. 1493.25. The total number of shares traded during the day was 286246 in over 12233 trades.

The stock hit an intraday high of Rs. 1501.95 and intraday low of 1462.35. The net turnover during the day was Rs. 422346685.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB DistributionNetwork ATMs CashDeposit CashWithdrawal Machines CSC BranchNetwork