India’s largest private sector lender HDFC Bank, which focusing on the Micro, Small, and Medium Enterprises (MSME)  sector, is hiring 500 more relationship managers this fiscal as the bank is expanding its coverage to 575 districts, the lender said.

The headcount addition will take the MSME vertical strength to 2,500. As of June end, its employee strength stood around 1.23 lakh.  The bank's MSME vertical covers 545 districts now with dedicated relationship managers and supervisors, which will be expanded to 575 districts or more by the end of this fiscal.

As statement shared to the media by Sumant Rampal, senior executive vice-president for business banking & healthcare finance, it reads - ''As we are expanding our MSME footprint to 575 districts from 545 now, we are hiring over 500 more to the 2,000-strong headcount at the MSME vertical this fiscal year. This should take the overall headcount at the vertical to a little over 2,500,''

The bank's MSME portfolio is spread across sectors like textiles, fabrication, agri-processing, chemicals, consumer goods, hotels & restaurants, auto components, pharma, and paper industry, and also include the entire selling chain ranging from wholesalers, retailers, distributors, stockists and supermarkets, Rampal he added.

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