HDFC Bank Crosses Rs. 2.75 Lakh Crore Business Mark in Uttar Pradesh

Lucknow, December 13, 2023: HDFC Bank, India’s leading private sector bank’s total business in Uttar Pradesh has crossed the Rs. 2.75 lakh crore mark. Total business stood at Rs 2,81,639 crore as of September 30, 2023, marking a year-on-year growth of 53 per cent. This was shared by Mr. Akhilesh Kumar Roy, Head – Branch Banking for Uttar Pradesh and Uttarakhand at a press meet today.

According to the latest State Level Banker’s Committee (SLBC) report, as of September 30, 2023, the Bank’s advances in the state stood at Rs. 1,44,170 crores while deposits touched Rs. 1,37,469 crores, recording Year- on-Year growth of 74.6 per cent and 356 per cent respectively. The Bank’s state level ranking in deposits has jumped to third (fifth in March 2023) and second in Total Advances (third in March 2023). It is the largest lender to the MSME segment with advances standing at Rs 31,267.87 crore as on September 30, 2023. The MSME sector serves as an important engine for economic growth and is one of the largest employers in the economy. The credit deposit ratio stands at 104.9 per cent as on September 30, 2023.

The Bank launched its very first branch in the city of Lucknow at Hazratganj in 1997 to begin operations in the state, which has since grown robustly. Since then, the Bank has rapidly expanded its branch network in Uttar Pradesh to the current network of 777 branches and 1,603 ATMs (as on September 30, 2023). Digital banking is strongly supported in the state in order to offer customers convenience and flexibility. The Bank plans to add about 125 branches more in FY23-24 in the state thus creating about 1,000 plus jobs, both directly and indirectly.

“At HDFC Bank, we have always focused on customer centric innovations, superior digital capabilities and an efficient branch banking network to enable a seamless banking experience for our customers. With our strong execution capabilities coupled with focus on branch expansion, we are well positioned to tap growth opportunities in the state and continue to contribute to the growth of Uttar Pradesh.” said, Mr. Akhilesh Kumar Roy, Head – Branch Banking for Uttar Pradesh and Uttarakhand, HDFC Bank.

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HDFC Bank Limited
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Madhu Chhibber
Head, Corporate Communications
HDFC Bank Limited
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