%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(1).png "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.
Question:
Q.1 Where is the new HDFC Bank branch located in Lakshadweep?a. Minicoy Island
b. Agatti Island
c. Andrott Island
d. Kavaratti Island
