HDFC BANK TO RIDE GROWTH OPPORTUNITIES IN EMERGING "BHARAT"

According to Mr. Aditya Puri, Managing Director, HDFC Bank aims to ride the growth opportunities thrown up by the increasing affluence of "Bharat" (rural India) and expects to grow higher-than-industry over the next few years. The bank will also focus on organic growth, having completed the acquisition of CBoP a couple of years ago which has given it a strong footprint pan-India.

Describing rural India as "Bharat", Puri said that HDFC Bank is well-poised to exploit the growth opportunities here in terms of both products and branches.

The bank constantly innovates and comes up with new offerings, he said, citing as an example its loans against gold jewellery facility.

HDFC Bank's strategy presently is to grow organically.

The bank has a healthy footprint across the country thanks to its past acquisitions beginning with Times Bank in the late-1990s.

SOURCE: http://articles.economictimes.indiatimes.com/2011-02-13/news/28540002_1_aditya-puri-hdfc-bank-centurion-bank