HDFC Bank to expand by 250 branches in Gujarat

HDFC will focus on expanding in Gujarat, opening 250 branches over the next three years.

This will bring the total tally of the bank's branches to 465.

branches, the lender's Managing Director Aditya Puri said today.

"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," said the bank's Managing Director Aditya Puri.

"Gujarat is a focused state for HDFC Bank... Our credit- deposit ratio in the state is at 105 percent," he added.

Defying the doomsayers on the India's economic prospect in the wake of widening gap in the fiscal deficit, Puri showed optimism of the Indian prospect in the medium-to-long term.

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