Housing Development Finance Corporation Limited (HDFC)
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI's liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
At HDFC Bank, Corporate Social Responsibility is all about developing a business model that not only creates economic value but also contributes to a healthy ecosystem and strong communities. Our endeavour is to evolve and develop appropriate business processes and strategies to achieve a common goal which contributes to the greater good.
Development in a large country such as ours brings with it various challenges; the foremost is to translate economic growth to sustainable development. To achieve this, it is critical that growth be inclusive. At the core of this strategy is our commitment to reach out to marginalized communities through our Sustainable Livelihood Initiatives and to encourage each business to include social and environmental consideration as part of their business processes.
HDFC Bank has undertaken several interventions and projects through the year to create a positive impact on society while doing business. These projects take shape in many ways from corporate philanthropy, to employee driven projects.
HDFC Initiatives
- Sustainable Livelihood
- Sanitation
- Education
- Skilling
- Community Initiatives
- Environmental Sustainability
- Go Green
Environmental Sustainability
Sustainability is one of the core values at the Bank. The Bank believes in maintaining a balance between the natural capital and communities for its’ functioning. It regards climate change mitigation and environmental conservation as essential elements of a sustainable business. This belief embodies the Bank’s approach on management of its resource footprint.
MGVS-HDFC CSR INITIATIVE
| Total Budget |
43 lakh |
| Number of villages |
2 village |
| Number of work |
8 work |
| Type of work |
Construction of Cement Check Dam, River deepening & widening of streams only black / fertile soil and murum |
| Number of Beneficiary |
1560 |
| Area of Land cover |
450 ha |
| Impact of the project |
Water storage capacity increased by 86.00 TCM Tanker free village |
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