HDFC Bank to open 50 branches in Karnataka next fiscal

HDFC Bank plans to open 50  branches in Karnataka in the next financial year, a key

official of the private sector lender said here.

The country’s second largest private sector bank  celebrated a milestone today, opening its 150th branch in

Karnataka — in Dakshina Kannada district’s taluk headquarters  town of Sullia.

The proposed expansion includes in the districts of  Chamarajnagar and Kolar, where the bank currently does not

have any branches, branch banking head – South, HDFC Bank,  Dhiraj Relli, told reporters.

“By March 31, 2014, we plan to have 200 branches in  Karnataka (from the current 150)”, he said. “We see huge

potential in rural and semi-urban areas”.

The bank, promoted by housing finance company Housing  Development Finance Corporation, currently has 1069 ATMs  across Karnataka, including 874 here.