HDFC Bank to rationalise branch network in north

"We are at the planning stage of rationalizing and integration of our branch network in north in wake of merger with CBOP in a bid to enhance our penetration especially in rural areas," HDFC Bank, Regional Head- North, Govind Pande said here today.    

Under this exercise, the bank plans to carry out a survey in which it would identify the branches of CBoP (which are now with HDFC) and HDFC bank in same area and then relocate one of the branches in other areas.

 

"There is no point in having two branches of CBoP and HFDC at one area. Therefore, we will see where one branch could be relocated and our effort would be to relocate in rural areas," he said.    

Since, before the merger, CBoP had a stronghold in the north (with over 100 branches in Haryana, Punjab, Chandigarh), this exercise would mainly be restricted to northern region only, he informed.    

HDFC Bank today also announced its plan to open a new branch here which is the 29th branch in Chandigarh, Panchkula and Mohal region.