My Bday Offer- Use Code MYBDAY30

Register Now

HDFC becomes first private bank to open branch in Lakshadweep

Published on April 11, 2024
Current Context: HDFC Bank has indeed become the first private bank to open a branch in Lakshadweep on 10th April 2024.
HDFC becomes first private bank to open branch in Lakshadweep
  • The branch was opened at Kavaratti Island, which is a prominent tourist place.
  • This move is aimed at upgrading the banking infrastructure in the Union Territory by offering a wide range of services with a focus on personal banking, and digital banking.
  • This includes customised digital solutions including QR-based transactions for retailers.
  • HDFC Bank’s Group Head of Retail Branch Banking, S Sampathkumar, stated that this reaffirms their commitment to serving customers wherever they are in an extremely convenient fashion.
  • He also expressed their eagerness to serve the financial needs of individuals, families, and businesses in Lakshadweep and contribute to the overall development of the island.
  • As of December 31, 2023, HDFC Bank’s distribution network was at 8,091 branches and 20,688 ATMs across 3,872 cities or towns.
  • About 52 per cent of its branches are in semi-urban and rural areas.
  • This new branch in Lakshadweep adds to HDFC Bank’s presence in diverse locations, from the cold climes of Kashmir to the southern tip of Kanyakumari.


Q.1 Where is the new HDFC Bank branch located in Lakshadweep?
a. Minicoy Island
b. Agatti Island
c. Andrott Island
d. Kavaratti Island
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu