HDFC Bank

HDFC Bank has emerged as the largest lender to MSMEs in #Punjab with a market share of over 16%. The bank's loan book touched Rs 8,921 crore making it the largest #bank for MSMEs in the state. In the last 21 years, the bank has supported over 15,000 such enterprises that form the engine of #economic growth in more than 150 cities and towns covering all 22 districts in #Punjab. In the MSME business, #digital transactions comprise over 60% of the total transactions. A majority of these #products and #services can be availed digitally, using the bank’s real-time online solutions – #TradeOnNet, #Netbanking, and #SMEBank. “We thank our #customers for the trust reposed in the Bank. MSMEs are the backbone of the economy and are amongst the largest job creators. We are proud to partner in their #growth journey with our world-class products.” Mr Sumant Rampal, Country Head - Business Banking, #HDFCBank. #MSMEs #Punjab #bank #economic #digital #products #services #TradeOnNet #Netbanking #SMEBank #customers #growth #HDFCBank #MSMEs

HDFC Bank has been adjudged winner in the 'Innovation and Inclusiveness in Priority Sector Lending' category at the 11th Inclusive Finance India Awards. This is the 2nd consecutive year that the #Bank has been recognised with the honour. An initiative of ACCESS Development Services, Inclusive Finance India is a platform to recognize and honour individuals and institutions that work towards promoting #financial inclusion and inclusive #growth. Awards are given in categories such as -Innovations and Inclusiveness in Priority Sector Lending -MFOs -Business Correspondents -State Rural Livelihoods Mission for financial Inclusion -SHG lending by banks amongst others. The bank received this award in recognition of the Bank's lending to the Priority Sector; catering to the crop production related #credit requirements of the #farmers; and #innovation in rural lending #products and processes. Mr Krishnamurthy Subramanian, Chief Economic Advisor to the Govt. of India, presented the award to Mr Rajinder Babbar, Business Head - Rural Banking Group, HDFC Bank, at the 16th Inclusive Finance Summit organised in #NewDelhi. #AwardsAtHDFCBank #IFI2019 #Bank #financial #growth #credit #farmers #innovation #products #NewDelhi #AwardsAtHDFCBank #IFI2019

HDFC Bank signed an #MoU with Storeking a distribution platform connecting brands to small towns & villages of #India. Through this MoU, Storeking will become a corporate business correspondent of HDFC Bank allowing the #bank to tap into their network. StoreKing is a #Bengaluru-based #startup, that enables retailers in tier 3 to tier 6 cities to sell more #products & #services to in-store #customers by ordering through its app & web platform. It operates a #fulfilment centre and handles end-to-end #logistics, which includes delivery to and from 2,800 small towns in 10 states. This will allow HDFC Bank to go deeper into rural geographies to offer its full range of products and services, bridging the Bharat-India divide. The MoU was signed by Mr Sridhar Gundaiah, Co-Founder & CEO, Storeking and Ms Smita Bhagat, Country Head - GIB, CSC, E-Commerce & Startups, HDFC Bank at an event organised in Mumbai. “Our partnership with Storeking India gives us the ability and reach to take our banking products and services to the most remote parts of the country. Their network will act just like branches of HDFC Bank helping us take banking services to the unbanked,” - Smita Bhagat. #RuralIndia #MoU #India #bank #Bengaluru #startup #products #services #customers #fulfilment #logistics #RuralIndia

Delighted to share that HDFC Bank has won the Best Performing Bank - Private Sector at the UTI MF CNBC TV 18 Financial Advisor Awards '18-19. One of the most prestigious awards in the #MutualFunds industry. This is the 7th time that the #bank has won this honour. UTI MF & CNBC-TV18 invited applications from across the #country for 29 award categories and received more than 40,000 entries. HDFC Bank was shortlisted to present its success story before an eminent #jury panel comprising Mr Sandip Ghose (Director of National Institute of Securities Market), Mr Suprio Banerjee - Head Mid Corporate Ratings (ICRA), & Rahul Banerjee (Managing Partner Cornerstone Advisory). We explained the #business model, #research philosophy, #product offering for each client segment, #digital initiatives, client acquisition and #servicing modes vis-à-vis industry, work done towards setting up the Robo Advisory platform (InvestNow) was showcased which was recently launched for the bank #customers. The award was presented by former SBI chairman Mr Janki Ballabh and former SEBI chairman Mr U K Sinha to Mr S Sampathkumar, Group Head - Retail Liability & Third Party Products, NRI, ATM and other senior members of the Private Banking Group that were representing #HDFCBank. #MutualFunds #bank #country #jury #business #research #product #digital #servicing #customers #HDFCBank