New Delhi, May 2 -- Axis Bank on Saturday opened its first digital locker-focused branch in the national capital, aiming to address the growing shortage of safe-deposit lockers in urban areas through a technology-led format.

The new branch, located at Capital Green, DLF Midtown Plaza in New Delhi, "marks a significant step in the Bank's effort to reimagine secure banking by bringing together advanced automation, superior security, and differentiated customer experience through sophisticated locker services," the bank said in a release.

The launch comes amid a widening demand-supply gap for bank lockers in India. "By 2030, nearly 6 crore affluent Indians are expected to require bank lockers, while the current supply stands at approximate...