HDFC Bank, a private banking sector behemoth, has declared plans to hire over 3,000 people across the state, as part of their mega recruitment drive in Maharashtra according to an official release.
Furthermore, the bank stated that 207 new bank branches will be opened, with 90 of the new branches located in metro and metropolitan areas and the balance in semi-urban and rural areas. The decision was made since the current employee base in the state was unknown previously.
“HDFC Bank is present in every district and over 280 talukas in the state,” stated Abhishek Deshmukh, Branch Banking Head (Maharashtra). Our presence will grow even more with the expansion plan, which will also provide jobs for nearly 3,000 people. The Credit to Deposit Ratio of HDFC Bank in 29 districts of Maharashtra is over 100%, demonstrating the bank’s commitment to the state’s progress.”
According to current data on the bank’s penetration in the state of Maharashtra, there are 709 branches and 3,200 ATMs dispersed across 280 talukas in all 29 districts in the state.
In the state, the bank also has 1,375 business correspondents and 15,116 business facilitators.
Previously, HDFC Bank announced a Rs 49.9 crore to Rs 69.9 crore investment in Go Digit-Life Insurance in two tranches to acquire up to a 9.94% equity ownership in the company.
Given the recent rulings, the insurance company Go Digit-Life Insurance has partnered with HDFC Bank to provide life insurance business in India, subject to the Insurance Regulatory and Development Authority of India issuing a certificate of registration (IRDAI).