Jammu, August 16: HDFC Bank has released its first-ever Integrated Report. It has disclosed that the Bank has impacted over 5 crore lives through its social initiative Parivartan as on March 31, 2019.
An Integrated Report gives a holistic picture of the value created for not just shareholders but all its stakeholders including customers, employees, and society at large.
“We join a select club of corporates in India, who have adopted Integrated Reporting,” said Shyamala Gopinath, Chairperson, HDFC Bank. “This is a global best practice but not yet mandatory in India. It is heartening to see the Bank continuing to strive to adopt the highest standards of disclosure and reporting. All our stakeholders and not just shareholders will now be able to see the value we have created for them in one place. Especially through Parivartan which works at the very foundation of human life to bring about positive change.”
“Parivartan is our way of making a difference in the lives of millions of people across the country,” said Ashima Bhat, Group Head-CSR, Business Finance & Strategy Administration and Infrastructure of HDFC Bank. “We are trying to bring about holistic, sustainable, long-term impact in their lives helping them as well as the nation progress. We take this opportunity to reaffirm our commitment to all our stakeholders.”