The country’s second largest private sector lender, HDFC Bank, which added 658 branches last year, has pipped ICICI Bank in terms of branch network.
As per the information available on its website, HDFC Bank has a nationwide network of 1,412 branches spread across 528 towns and cities. At the same time, ICICI Bank, the largest player in terms of asset and market capitalisation, has a network of 1,400 branches.
ICICI Bank has already got permission to open another 587 branches, a spokesperson of the bank said. HDFC Bank has almost doubled its branch network last year.