HDFC Bank receives prestigious award !

HDFC Bank, a leader in the field of housing development finance, has won the Banking Merit Award at the 2021 National Business Excellence Awards. The annual awards ceremony is organized by the National Chamber of Commerce of Sri Lanka to recognize enterprises that have excelled under various criteria.

The evaluation criteria were for excellence in the areas of strategy and leadership, corporate governance and strategy, capacity building, performance management, local and global market access, corporate social responsibility, environmental sustainability, business and financial outcomes.

HDFC Bank Chairperson Vasanthi Manchanayake thanked the staff, customers and other stakeholders for their support in winning the award. She said the bank continues to enjoy such appreciation due to its excellent corporate culture. She said positive attitudes permeate all levels of the organization with productivity, covering every aspect from administration to information and customer service.

Palitha Gamage, General Manager / CEO, HDFC Bank, attributed their success to far-sighted strategies, semi-state-owned leadership and effective human resources. He noted that despite the Code-19 epidemic, HDFC Bank was able to achieve excellent financial performance in 2021, taking advantage of the competition among banks.

HDFC Bank has been a market pioneer in housing development financing for many years, focusing on providing home loans to low and middle income earners in Sri Lanka.

In addition to home financing, the Bank offers a wide range of services such as leasing, deposits, business loans, education loans and gold loans to individuals in need, including professionals, public sector employees, retirees and small and medium enterprises. Today, HDFC Bank offers a wide range of loan and savings plans, offering these services through its extensive branch network island wide.

At the same time, the bank has benefited greatly from its quasi-state ownership structure. The government owns 51% of the controlling stock, while private companies and individuals own 49%. This composition

It allows the government to move forward with strength, stability and security, as well as innovation and efficiency in the private sector.