The Housing and Development Finance Corporation Limited (HDFC) today inaugurated a branch in the south Kashmir district of Islamabad. This branch is the first in the district and sixth in J&K and is a part of the growing network of HDFC branches across the Valley.

Speaking on the occasion of the inaugural function of the new branch, S Ramakrishnan, branch banking head, North and East, HDFC Bank, said that after J&K Bank, the HDFC Bank had the “highest credit ratio in the state."

Ramakrishnan also added that despite having very few branches in the state, "we have the credit deposit ratio of 31 per cent which is next only to J&K Bank and the pace at which the loans are being provided by us suggests that we are much ahead to other banks." "The bank is offering every single loan policy ranging from auto loans to home loans, car loans to personal loans and commercial loans to loans against jewelry," he said.

He emphasized on the provision of world class service by this branch, saying that the new branch shall offer its customers world-class banking services under one roof. There would be services such as Savings Account, Fixed Deposits, Current Account, Mutual Funds, Lockers, NRI Services, Demat, as well as, sophisticated direct access banking channels such as ATM, PhoneBanking, NetBanking and the Bank’s International Credit and Debit Cards.

Talking about the success of HDFC bank in the Valley, Mr. Ramakrishnan said that the credit cards issued in the Srinagar branch of the Bank exceed any other branch in New Delhi, Mumbai and other metropolis.