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HDFC Bank spends Rs 443.80 crore on CSR in FY19

16 Aug 2019 Evaluate

HDFC Bank has spent Rs 443.80 crore on corporate social responsibility (CSR) in fiscal year ending March 2019 (FY19). The expenditure was 20 per cent higher than the previous year. Bank is taking a holistic approach to its responsibility towards the community, through an initiative called ‘Parivartan’.

It has positively impacted 5 crore lives through the initiative. It has collected over 1 million units of blood, constructed or refurbished nearly 7,000 sanitation units in school, trained 7.6 lakh women in self-help groups and provided 21,000 renewable energy units, among others.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.


Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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