HDFC Bank, a private sector bank in India, has announced plans to invest in technology and communications infrastructure as part of capital expenditure plan of approximately US$131.4 million for the fiscal year ending March 31, 2011.

Out of the total planned investment of US$131.4 million, the company plans to spend US$24.5 million to expand its branch and back office network US$24.5 million to expand its ATM network US$4.4 million to expand its electronic data capture terminal network and US$78 million to upgrade and expand its hardware, data centre, network and other systems.

Source: Trading Markets

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