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HDFC Bank: HDFC Board of Directors

HDFC Bank is one of India's leading private sector banks established in 1994. It has over 5,300 branches across 2,787 cities and towns. The bank offers wholesale, treasury, and retail banking services. HDFC Bank has received many awards for its strong corporate governance, financial performance, and being a great place to work. It has high credit ratings reflecting its strong financial stability and capacity to repay obligations.

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136 views4 pages

HDFC Bank: HDFC Board of Directors

HDFC Bank is one of India's leading private sector banks established in 1994. It has over 5,300 branches across 2,787 cities and towns. The bank offers wholesale, treasury, and retail banking services. HDFC Bank has received many awards for its strong corporate governance, financial performance, and being a great place to work. It has high credit ratings reflecting its strong financial stability and capacity to repay obligations.

Uploaded by

Bhavika Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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HDFC BANK

INTRODUCTION:
HDFC Bank is one of India’s leading private banks and was among the first to receive approval from the
Reserve Bank of India (RBI) to set up a private sector bank in 1994.

Today, HDFC Bank has a banking network of 5,345 branches and 14,533 ATMs spread across 2,787 cities and
towns.

HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the
wholesale side and transactional / branch banking on the retail side. The bank has three key business
segments:

a. Wholesale Banking
b. Treasury
c. Retail Banking

HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in
Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.

HDFC BOARD OF DIRECTORS:


HDFC Bank's Board of Directors is comprised of distinguished individuals with a wealth of experience in public
policy, administration, industry and commercial banking. Senior executives representing HDFC Ltd. are also on
the Board.
Various businesses and functions in the bank are headed by senior executives with work experience in India
and abroad. They report to the Managing Director. The Bank is focussed on recruiting and retaining the best
talent in the industry as it believes that its people are a competitive strength.
 Mrs. Shaymala Gopinath
 Mr. Malay Patel
 Mr. Aditya Puri
 Mr. Kaizad Bharucha
 Mr. Umesh Chandra Sarangi
 Mr. Srikanth Nadhamuni
 Mr. Sanjiv Sachar
 Mr. Sandeep Parekh
 Mr. MD Ranganath
 Mrs. Renu Karnad
 

MISSION AND BUSINESS STRATEGY:


mission is to be "a World Class Indian Bank", benchmarking ourselves against international standards and
best practices in terms of product offerings, technology, service levels, risk management and audit &
compliance. The objective is to build sound customer franchises across distinct businesses so as to be a
preferred provider of banking services for target retail and wholesale customer segments, and to achieve a
healthy growth in profitability, consistent with the Bank's risk appetite. We are committed to do this while
ensuring the highest levels of ethical standards, professional integrity, corporate governance and regulatory
compliance.
business strategy emphasizes the following :

CORPORATE GOVERNANCE:
HDFC Bank recognizes the importance of good corporate governance, which is generally accepted as a key
factor in attaining fairness for all stakeholders and achieving organizational efficiency. This Corporate
Governance Policy, therefore, is established to provide a direction and framework for managing and monitoring
the bank in accordance with the principles of good corporate governance.
 Shareholders' Information and Helpdesk
 Codes and Policies
 Listing
 Promoters Rights ( HDFC LTD.)
 Profiles of Directors
 Composition of the Board
 Composition of Committees of Directors
 Familiarization of Independent Directors
 General Body Meeting
 Financial Calendar
 Debenture Trustees
 Banking Customer Helpdesk
 Stock Exchange Disclosures
 Corporate Governance Regulations

HDFC BANK CAREERS:

 Future Bank Program


 Trade Finance Program

AWARDS:
2020
Great Place To Work HDFC Bank certified as a ‘Great Place to Work’ for 2020

Asiamoney Best Bank Awards 2020 HDFC Bank adjudged Best Domestic Bank in India

Business Today 18th Best Companies to work for


HDFC Bank Among Top 10 Best Companies to work for in India
in India Survey

Best Managed Company- Ranked 1st


HDFC Bank voted ‘Best Managed’, ‘Best Best Corporate Governance- Ranked 1st 
Governed’ Indian Company Best CEO- Aditya Puri, MD ranked 1st
Best Environmental Stewardship- Ranked 2nd

India’s Leading Private Bank – BFSI


Best Use of Banking Technology - Data Analytics/BI/Big Data
Dun & Bradstreet BankTech Awards 2020
(Joint Winner with SBI)
Best Use of Banking Technology - API Open Banking

Bank of the Year - HDFC Bank jointly with SBI


Business Today – Money Today Financial Awards
Best Large Bank - HDFC Bank
2019
Best Fintech Engagement - HDFC Bank

CNBC-TV18 India Business Leader Awards HDFC Bank - Outstanding Company of the year award
(IBLA) 2019-20

CORPORATE GOVERNANCE RATING:


The bank was among the first four companies, which subjected itself to a Corporate Governance and Value
Creation (GVC) rating by the rating agency, The Credit Rating Information Services of India Limited (CRISIL).
The rating provides an independent assessment of an entity's current performance and an expectation on its
"balanced value creation and corporate governance practices" in future. The bank has been assigned a
'CRISIL GVC Level 1' rating, which indicates that the bank's capability with respect to wealth creation for all its
stakeholders while adopting sound corporate governance practices is the highest. We are aware that all these
awards are mere milestones in the continuing, never-ending journey of providing excellent service to our
customers. We are confident, however, that with your feedback and support, we will be able to maintain and
improve our services.

CREDIT RATING:
HDFC Bank has its deposit programmes rated by two rating agencies - Credit Analysis & Research Limited.
(CARE) and Fitch Ratings India Private Limited. The bank's Fixed Deposit programme has been rated 'CARE
AAA (FD)' [Triple A] by CARE, which represents instruments considered to be "of the best quality, carrying
negligible investment risk". CARE has also rated the bank's Certificate of Deposit (CD) programme "PR 1+"
which represents "superior capacity for repayment of short term promissory obligations". Fitch Ratings India
Pvt. Ltd. (100% subsidiary of Fitch Inc.) has assigned the "tAAA ( ind )" rating to the bank's deposit programme,
with the outlook on the rating as "stable". This rating indicates "highest credit quality" where "protection factors
are very high". HDFC Bank also has its long term unsecured, subordinated (Tier II) Bonds of Rs.4 billion rated
by CARE and Fitch Ratings India Private Limited. CARE has assigned the rating of "CARE AAA" for the Tier II
Bonds while Fitch Ratings India Pvt. Ltd. has assigned the rating "AAA( ind )" with the outlook on the rating as
"stable". In each of the cases referred to above, the ratings awarded were the highest assigned by the rating
agency for those instruments.

HDFC SHARE PRICE AS PER 3RD JULY 2020:


HDFC Bank Limited
NSE: HDFCBANK

1,075.50 INR −13.90 (1.28%)

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