The second largest private sector lender, HDFC Bank has laid an ambition to open around 250 branches in Gujarat over the period of next three years, taking the overall number to 465 branches, said Mr. Aditya Puri, Managing Director of HFC Bank.
Mr. Aditya Puri also said, "The state grew at the rate of 10 per cent. HDFC believes that Gujarat will grow at the same rates. We have 215 branches in the state and we plan to open 250 more branches here in the next three years".
"Gujarat is a focused state for HDFC Bank... Our credit-deposit ratio in the state is at 105 per cent," he added.
M. Puri showed some positive hope on the Indian economic prospects in the medium and long run. "India's medium to long term prospect remains intact," Mr. Puri said commenting on the backdrop of a slowdown in the country's economy and mounting concerns over high fiscal and current account deficits.