MUMBAI: On the auspicious occasion of Dhanteras, RBL Bank, one of India’s leading private sector banks, announced the launch of eight new branches across India as part of its strategic network expansion to strengthen retail presence and customer outreach. The new branches are located in Ahmedabad, Surat, Uttar Pradesh, Haryana, Rajasthan, Andhra Pradesh, and Tamil Nadu.

The expansion reflects RBL Bank’s continued focus on deepening its presence in emerging and high-growth markets, enabling greater access to banking and financial services for individuals and businesses.

RBL Bank currently serves 7.3 million customers for a variety of retail as well as wholesale offerings. The new branches will offer a full range of RBL Bank’s products and services, including savings and current accounts, fixed deposits, loans, credit cards, and digital banking solutions. Each branch is designed to deliver a seamless and efficient banking experience, supported by trained relationship teams and advanced technology infrastructure.

Speaking on the launch, Narendra Agrawal, President & Head – Branch Banking & Retail Liabilities, RBL Bank, said: “The launch of these new branches is in line with our strategy to strengthen our retail footprint and provide a comprehensive suite of financial products tailored to customer needs. As we continue to scale our retail franchise, our focus remains on enhancing customer experience through personalized service and innovative digital offerings.”

RBL Bank’s expanding network underscores its long-term vision to grow its retail assets and liabilities franchise while fostering financial inclusion across the country.

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PUNE: Godrej Capital Limited, the financial services arm of the Godrej Industries Group, has inaugurated a new branch of Godrej Housing Finance Limited (GHFL) (A subsidiary of Godrej Capital) in Pimpri Chinchwad. Following the opening of its first branch in Virar focused on affordable housing, the Company is focused on strengthening its presence across Maharashtra. The Pimpri Chinchwad branch will also cater to nearby areas such as Wakad, Hinjewadi, Talegaon, and others, offering housing finance solutions.

The Company is dedicated to supporting aspiring homebuyers with affordable housing solutions, offering loan amounts starting from INR 5 lakhs (Rupees Five Lakhs Only) for salaried and self-employed individuals, with tenure of up to 30 years. This initiative aligns with the Company’s commitment to bridging the affordability gap and empowering homeownership with trusted financial solutions.

Pimpri Chinchwad is one of Pune’s fastest-growing regions, driven by its thriving industrial and IT hubs, including Hinjewadi IT Park, the Pune-Mumbai Expressway corridor, and the upcoming Pune Metro expansion. The area’s rapid infrastructure development and increasing employment opportunities have made it a prime destination for affordable housing. With rising demand in peripheral markets, homebuyers in the region benefit from a combination of affordability, convenience, and connectivity.

Godrej Capital plans to open 10 additional branches across Maharashtra and Gujarat in the near future, reinforcing its long-term vision to expand homeownership opportunities in high-growth markets.

Speaking on the launch, Manish Shah, MD & CEO of Godrej Capital, said, “At Godrej Capital, we recognize that owning a home is a major milestone for families, and we are committed to making housing finance more accessible and inclusive. Our goal is to empower homebuyers with trusted and customized financial solutions, ensuring they have the support they need on their homeownership journey. The launch of our Pimpri Chinchwad branch is a crucial step in our housing finance growth strategy, as the region presents immense potential for homeownership.

Beyond providing credit access, we are also focused on driving deeper financial inclusion through our initiatives like Aarohi, which empowers women by making homeownership more accessible. By enabling women to become homeowners, we not only strengthen their financial independence but also create new opportunities that positively impact all aspects of their lives. We look forward to playing a pivotal role in helping individuals and families achieve their dreams of owning a home.”

With a strong focus on service delivery and customer-centric solutions, we are simplifying the home loan process by offering tailored financial products, seamless digital services, and a hassle-free documentation process for faster approvals. Flexible underwriting standards have also been introduced to cater to informal income segments, ensuring broader financial inclusion. Additionally, eligible homebuyers can avail of benefits under PMAY 2.0 to further support their homeownership journey.

To further strengthen its offerings, we have partnered with reputed developers for pre-approved projects, ensuring a smoother and more efficient financing experience for homebuyers.

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The newly inaugurated branches span multiple cities, further strengthening the Bank of India’s nationwide presence. Hyderabad FGMO (Field General Manager Office) has seen the highest increase, with seventeen new branches. Chennai FGMO has witnessed significant growth with fourteen new branches.  Pune FGMO  has expanded to thirteen and New Delhi FGMO has introduced twelve new branches.  Bhopal FGMO has expanded with eleven. Chandigarh and Lucknow FGMO have each inaugurated ten branches. 

Commenting on the expansion, Rajneesh Karnatak, Managing Director & Chief Executive Officer, said: “This expansion strengthens our presence in key urban and semi-urban centers, bringing banking services closer to our customers. By increasing our branch network, we aim to enhance accessibility, improve customer convenience, and provide a more personalized banking experience. We remain bound to provide seamless financial access, supporting small businesses, and empowering individuals with the resources they need to grow and thrive. This initiative aligns with our broader vision of driving financial inclusion and contributing to the nation’s economic growth.”

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The expansion of HDFC Mutual Fund‘s branch network positions the company as one of the most accessible wealth creators in the country. The move underscores the company’s mission to be the wealth creator for every Indian and highlights its unwavering dedication to extending financial opportunities to investors across the length and breadth of the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

HDFC AMC’s initiative aims to ensure the participation of the masses in India’s growth story through mutual funds. Presently, HDFC AMC operates through an extensive network of over 200 branches. The strategic establishment of branches at new locations is aimed at making mutual funds more accessible across the length and breadth of the vast country.

Navneet Munot, MD & CEO, HDFC AMC Ltd., spoke on the occasion, “Our mission at HDFC Mutual Fund is to become the wealth creator for every Indian. This expansion of our branch network aims to make mutual funds more accessible across the length and breadth of our vast country. We want to enable the masses to participate in India’s growth story, and HDFC Mutual Fund, with a time-tested investment philosophy, a wide array of offerings across asset classes, and catering to diverse financial goals, aims to provide investors viable investment solutions.“

HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager for HDFC Mutual Fund, one of the largest mutual funds in the country. It manages a diversified asset class mix across Equity, Hybrid, and Fixed Income. It also has a countrywide network of 252 branches along with a diversified distribution network comprising Banks, Mutual Fund Distributors, and National Distributors.

HDFC Mutual Fund‘s expansion with 24 new branches across India is a strategic move aimed at increasing the penetration of mutual funds in India and reinforcing the company’s commitment to financial inclusivity. The move positions HDFC Mutual Fund as one of the most accessible wealth creators in the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

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“We are always striving to give consumer-oriented services. For the convenience of consumers, we have shifted the Somwar/Rasta Peth branch from its current location. Since the new branch is located on the ground floor, it will help senior citizens,” Anil Gadve said after the inauguration of the branch.

“By the end of March 2023, the bank has achieved overall business of over Rs 2,900 crore and compared to last financial year, there has been Rs 350 crore rise in the business,” Gadve said.

Bank’s Vice Chairman Shreyash Rukari, Co-opted Director Suniel Rukari, Expert Director Manoj Sakhare, Board of Directors Rajendra Miraje, Amol Maniyar, Manoj Sakhare, Ajay Doijad, Dattatray Kamthe, Subhash Ladge, Ratna Kasbekar, Sulbha Kokate, Expert Co-opted Director Chintamani Vaijapurkar, Sunil Pathak, Ravindra Mahajan, Chief Executive Officer Shriram Apte, banking expert Vidyadhar Anaskar, Deepak Mankar, Shivaji Mankar, Virendra Kirad among others were present on the occasion

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