One of the leading private sector lenders, HDFC Bank has increased its presence in rural parts of Punjab and Haryana by opening 87 bank branches, in a single day, in these regions. In addition to this, the bank also introduced an exclusive credit card, ‘Bharat Credit Card', for farmers enged in agriculture in these states.
For inaugurating the branches located in Punjab, the bank roped in the Chief Minister of Punjab, Prakash Singh Badal, who inaugurated 51 branches. On the other hand, the rest 36 branches falling in Haryana, were inauguareted by the Chief Minister of Haryana, Bhupinder Singh Hooda.
On the matter, HDFC bank's head, branch banking (India) Mr. Navin Puri said, "We are committed to providing efficient, technology driven banking products and services across the country to help bring about inclusive growth. These 87 full-service rural branches reiterate this commitment and we are confident our endeavour will help in the economic development of Punjab and Haryana villages."
Reportedly, the bank decided to open new branches in rural areas as part of its mandate to cover 10 million unbanked families and include them in the banking system.
It should also be noted that HDFC Bank has the biggest credit card portfolio in the country.