Branches

The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were inaugurated.

HDFC Bank to add 1,500-2,000 branches every year for 5 years

Outlining justification for merger of HDFC with the HDFC Bank in his letter to shareholders in the annual report 2021-22, Jagdishan said: "The proposed merger adds an entirely different dimension to the future. We believe that the runway is huge, and we can potentially add an HDFC Bank every five years."

HDFC Bank to open up to 2,000 branches in FY23, roll out new features every three weeks, says MD Sashidhar Jagdishan

The new branches will be “phygital” relationship centres, the MD said.

Punjab National Bank to close down or shift up to 300 loss-making branches in a year

PNB added 9 branches from April to June period but in the second quarter, it had closed down a total of six branches taking the network tally to 6,940 branches by September end.

Target 457 branches by end-FY18: Ujjivan Small Finance Bank

Ujjivan Small Finance Bank has officially started services with five branches and a customer base of 35 lakh. our correspondent, Rukmini Rao caught up with Samit Ghosh, MD & CEO OF Ujjivan Small Finance Bank And began by asking when they plan to roll out the 400-odd branches.

PIOs, NRIs feel heat of demonetisation; wait in RBI queues

After residents, NRIs and People of India Origin (PIO) are now braving long queues to exchange the old Rs 500/1000 notes at 5 designated RBI branches across the country but because of stringent conditions several of them have had to return disappointed.

HSBC to halve branches in India as customers go digital

The exercise will also lead to over 300 jobs being affected, which is less than one per cent of its total workforce of over 33,000 people in the country, and "redeployment opportunities will be accorded to the affected employees", the bank said.

DCB bank says slower pace of expansion will rein in costs

Plans by India's DCB Bank (DCBA.NS) to spread expansion of its branch network over a longer time horizon will rein in costs, the company said on Friday after its growth strategy raised investor concern over profitability.

The Odyssey: Tracing growth of Union Bank of India

Union Bank of India has come a very long way. The bank was established in 1919 and today in its 96th year the bank boasts global business of more than Rs 5.5 lakh crore through its 4,112 branches and a network of 6,618 ATMs that caters to over 49 million customers.

Citi a 'deeply-entrenched domestic bank' in India: CEO

Describing itself as a 'deeply-entrenched domestic bank' in India, global banking giant Citi's Indian arm says it sees a tremendous opportunity for itself from the government's 'Make in India' campaign.

Kotak Mahindra Bank plans to increase branches to 600 plus

Out of the 600 odd branches, 45 per cent of them would be in the rural and semi-urban areas, he told reporters here today at the launch of `Kotak Samridhi' scheme for milk producers in West Bengal.

Sundaram Finance to deepen presence in FY14, net up 15%

Sundaram Finance was able to increase its disbursements by six percent to Rs 9,991 crore for the financial year ending March 31, 2013 from Rs 9,432 crore.

Barclays to shut 3 branches in India, cut jobs: sources

Barclays will shut three of its nine bank branches in India by end of this month, two sources with direct knowledge of the development said on Tuesday, as the British bank reduces its retail banking operations in the country.

Barclays to shut 3 branches in India, cut jobs: sources

Barclays will shut three of its nine bank branches in India by end of this month, two sources with direct knowledge of the development said on Tuesday, as the British bank reduces its retail banking operations in the country.

RRBs to open branches in Tier-II cities without RBI nod

The Reserve Bank today allowed regional rural banks (RRBs) to open branches in Tier-II cities without taking its permission.

SP Tulsian's multibaggers: Karnataka Bank and MOIL

SP Tulsian of sptulsian.com picks out his multibagger stock ideas to be bought at current levels today. He chooses Karnataka Bank and MOIL.

SCBs to give 25% of branches in 1-yr to Tier 5, 6: RBI

The Reserve Bank on Tuesday said that domestic scheduled commercial banks (SCBs) will have to allocate at least 25% of the total number of branches to be opened during a year to unbanked rural centres (Tier 5 and Tier 6 centres)

Axis Bank to launch six more branches in Mumbai by March 31

Private sector Axis Bank today said it plans to launch six additional branches in Mumbai, taking the total number of its branches in Maharashtra to 181 by March 31.

Manappuram Gen Fin eyes Rs 100cr profit in Q4

VP Nandakumar, CMD of Manappuram General Finance & LeasingIn an interview with CNBC-TV18’s Sonia Shenoy, spoke about the results and his outlook for the company.

Indiabulls Sec plans major biz restructuring; stk up 13%

Indiabulls Securities is planning major business restructuring, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 23.15 and an intraday low of Rs 20. At 09:58 hrs the share was quoting at Rs 22.60, up Rs 2.65, or 13.28%.