HDFC Bank
CORPORATE/BANKING HDFC Bank named Organisation of the Year at Skoch Financial Inclusion Awards Mumbai, January 15, 2013 : HDFC Bank, the second largest private sector Bank in India has been named Organisation of the Year at the Skoch Financial Inclusion Awards 2013. HDFC Bank received the award for using technology as a common thread for all its initiatives in micro-credit, micro-savings, micro-insurance, capacity building, financial literacy and Self Help Group (SHG) Linkage. The award was presented to HDFC Bank for taking its services to 1.5 million households at the bottom of the pyramid with a total loan disbursement of over Rs 1,700 crore since inception of the viable finance initiative. “The Bank has counseled over 200,000 Self Help Group (SHG) and Joint Liability Group (JLG) members resulting in 89,000 SHGs getting credit linkage. They have also managed to successfully open 48,000 micro-recurring and fixed deposits and have supported over 600,000 of its low...