HDFC Bank inaugurates over 100 Banking Correspondent Centers across India

Business MInutes

HDFC Bank, India’s leading bank, announced the inauguration of more than 100 Banking Correspondent Centres (BCC) in Uttar Pradesh, Jammu & Kashmir, Bihar, Assam, Telangana, Odisha, and across many other states in India. These centres will function as a mini branch, with Village Level Entrepreneurs (VLEs) assisting customers to avail banking products digitally. 

The VLEs, who are existing micro-entrepreneurs and are delivering Government-to-Consumer (G2C) services, now will additionally provide banking products and services to deeper geographies of the country. With access to a wide range of banking products, the BCs can now tap into a new revenue stream. This transformative opportunity opens doors to sustainable growth, further strengthening their role as key drivers to unlock financial inclusion.

Ms. Smita Bhagat, Group Head, Government and Institutional Business, Alternate Banking Channels and Partnerships, Inclusive Banking Group and Start-Ups, HDFC Bank said, “We are delighted to inaugurate Business Correspondent Centres in over 100 pin codes across the country. These centres will offer a wide range of banking products and services digitally across India’s towns and villages. This launch is another example of HDFC Bank’s unwavering commitment towards financial inclusion”. 

Mr. Sanjay Rakesh, Manging Director, CSC e-Gov, said, “We are pleased to announce an empowering initiative aimed at furthering financial inclusion and enhancing the capabilities of our performing Business Facilitators (BFs). The decision to extend this opportunity comes as a testament to the invaluable contribution made by our performing BFs in enabling seamless financial services delivery to underserved communities across the nation”.


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