The Hindu Business Line : HDFC Bank launches SHG branch

HDFC Bank has launched a branch dedicated to self-help groups at Thudiyalar village near Coimbatore in Tamil Nadu. Coimbatore district has 27,000 SHG groups and 2,200 more groups are coming up. As of now, 18,000 groups are linked with credit outstanding of about Rs 54 crore, while 11,200 are in need of organised financial support, said a press release by the bank. The branch, with around 14 executives, will also have an in-house training facility for the SHGs.

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