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HDFC Plans To Open 200 More Branches In North East, Hire 2000 People

HDFC Plans To Open 200 More Branches In North East, Hire 2000 People

On November 13, HDFC Bank announced that it will raise its headcount by 50 percent to 6,000 employees in the North-East (NE) area over the next 2-3 years to meet its network expansion plans.

According to HDFC Bank Executive Vice President Sandeep Kumar, the lender will employ about 1,500 people in the next year in Assam as the bank plans to increase the number of its branches from 72 to 100 in the country.

"North-east is very important for our business. We currently have 136 branches spread across the region. Our plan is to take this number to 200 in the next 2-3 years," Kumar said at a press conference here.

To meet the growing demand and cater to its expansion plans, the bank will hire more people in the coming years, he said.

"At present, we have 4,000 staffers in the north-east on company rolls. In the next 2-3 years, our employee strength in the region will be around 6,000 people," Kumar said.

Speaking of Assam, the senior official said the lender now has 72 branches in the state and plans to raise it to 100 by the end of next year.

"During this one year time, we will hire about 1,500 people in Assam to take our headcount to 4,000 employees in the state," he said.

On the occasion of celebrating the 15th anniversary of its service in Assam, Kumar said HDFC Bank's business is growing at 24 percent in the state compared to the banking sector's 14 percent growth.

"Our credit-deposit ratio is at 103 percent. Our total business exposure in the state is at Rs 10,209.34 crore and the bank has reached to about 18 lakh people, of which 15.5 lakh have been touched through various CSR activities, across Assam," he said.


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