Which bank became the first private bank to open a branch in Lakshadweep?
HDFC bank
2024 April
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Being the first private bank to open a branch in Lakshadweep, India—more precisely, on Kavaratti Island—HDFC Bank creates history. Only government banks used to do business in the area. With an emphasis on personal and digital banking, the action attempts to improve the infrastructure of banks and offer individualized and digital services. Notably, HDFC intends to offer retailers exclusive QR-based transactions, which could completely change banking on the island.