HDFC Bank Ltd | Karmayog

HDFC Bank Ltd

Sales (2007-2008) = Rs.10000 crores (rounded off)

Net profit after tax = Rs.1590 crores (rounded off)

CSR Budget: Not available

Karmayog 2008 CSR Rating: 2/ 5

CSR activities:

In keeping with the HDFC Group philosophy, your Bank has always believed in making a difference to society at large. As a responsible corporate citizen, it has been your Bank�s vision to empower the community through socio-economic development of underprivileged and weaker sections of society.

During 2007-08 your Bank further intensified its efforts in this direction. Most of the Bank�s social activities revolve around educational initiatives (including school adoption projects, educational sponsorships of girl children, primary education to first generation learners etc.) and initiatives in the field of livelihood training and support. In the latter area, the Bank has been working with NGOs in providing nonformal vocational and technical education programs as well as skill up gradation courses to enable sustainable employment and income generation for economically weaker sections.

To further integrate some of its Corporate Social Responsibility (CSR) initiatives with its banking operations, the Bank has started outsourcing some non-core back office operations to certain small semi-urban locations.
This creates jobs for the local educated youth in those towns with obvious gains for the families (as the youth is gainfully employed without having to relocate to distant cities) and also gives a boost to the local economy in those locations.
Where relevant, the Bank coordinates its CSR activities with its microfinance and self � help group (SHG) financing. The Bank has relationships with 110 micro finance institutions and has extended credit facilities, whereby 1.61 million households have been beneficiaries of financial inclusion. In this regard, your Bank has also appointed around 150 NGOs across the country as business correspondents (BCs) to provide SHG � Bank linkage to help tribals, physically challenged, beggars, etc. to earn a livelihood and join the mainstream.
The Bank under the direct SHG linkage programme, has credit linked over 32,000 SHGs and thereby roughly another half a million households have been brought under Financial Inclusion.
Employees are a key part of your Bank�s social initiatives and are encouraged to participate in these activities, contributing their time and skills. The Bank also administers a payroll-giving programme whereby employees offer deductions from their salary to donate for specified charities or social causes of their choice and the Bank contributes an equivalent amount.

Source:

www.hdfcbank.com/common/pdf/corporate/annual_report_07_08.pdf pg 16

Contact Information:

HDFC Bank Ltd

HDFC Bank house

Senapati Bapat Marg

Lower Parel

Mumbai-400013

Maharashtra

Phone no. : 022- 66521000

Fax : 022-24960737

Email : Nusrat.Pathan@hdfcbank.com