News: HDFC Bank is planning to expand its branch network by opening 675 branches in semi-urban and rural areas in the next 12-14 months to scale up the branch network in these areas to ~5000. As of March 31, the bank had 52% of its 7821 branches in semi-urban and rural areas
View: During the recent conference call, the management mentioned that the pace of branch expansion will continue as it was in FY23. Bank's focus on liabilities accretion (through branch expansion, customer additions & relationship building with existing customer), steady asset quality and healthy provision buffer to aid growth and RoA
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