branching out - owezine.hdfcbank.com...available on netbanking. as per an rbi directive, a digital...
TRANSCRIPT
BRANCHING OUTE D I T O R I A L
Our Bank has been making steadfast
progress on its path of digital
transformation. Developing products that
are innovative, and often industry firsts,
we have taken our services closer to our
customer.
Now our Bank is looking at creating
specialised products and services that
cater to the specific monetary needs of our
various customer profiles.
The most recent launch – SM Bank – for
Small and Medium Enterprises has been
developed keeping in mind the unique
requirements and challenges faced by small
and medium business owners. In this issue
we feature the many products and services
that will now be available to SME customers
merely at the click of a button.
Over the last few years we have had the
opportunity to discover the many hidden
talents among us through our internal
competitions.
Here we feature the winners of the
Corporate Photography Contest 2016. You
will also find the winning photographs in a
slideshow format. There’s also an update
on the Voice Hunt 2016, inviting all our
songbirds to participate. We will also feature
the winners of Xpressions, along with the
winning entries.
For your regular news fix, we have updates
from digiFYI, ISG (winners of the BCP Quiz)
and Employee Engagement.
Stay tuned for the upcoming weekly
updates – initiatives by the Sustainable
Livelihood Initiative, progress made by the
Financial Literacy Camps, sports, awards
and more.
Happy reading!
Now read on the go!
Check it out on your Smartphone or Tablet,
simply type in ourworld.hdfcbank.com
like comment
Our Bank has launched its SM Bank for Small and Medium
Enterprises (SMEs) – a 24*7 secure complete e-Banking
experience for all their banking needs through a portal. The
portal will enable SME customers to fulfill their banking needs
anywhere, anytime, at the click of a button without having to
visit the branch or speak with an RM on the phone.
Digital empowerment is a potential game changer and
catalyst for an SME entrepreneur to save time and grow his/
her business. SME customers can now apply for additional
working capital finance, access information, place requests,
transact without having to contact their relationship manager
(RM) and no dependency on banking hours only.
Banking services on the moveThe portal will enable SMEs to get information on-the-go and
ensure the submission of various documents that are required
for the smooth continuation of credit facilities. SMEs need not
worry about banking as getting temporary overdraft, seasonal
facility, adhoc, interchangeability of limits is much faster and
smoother. SME owners can keep the focus on growing their
businesses.
COVER STORY
CHANGING THE WAY
SM s BANK A first-of-its kind service – SM
Bank – for Small and Medium-sized Enterprises (SMEs) launched
as part of our digital innovation drive
“We believe that the facility is path-breaking and it will
transform the way SMEs bank today. Given the contribution
that they make to the country’s GDP and employment creation,
their importance cannot be overemphasised.”
Mr Aseem Dhru, Group Head – Business Banking
These services can be accessed on the PC,
laptop, tablet or mobile app from the comfort of
customer’s home or office or anywhere in the
world, saving considerable time and effort. The
single window interface with Enet also ensures
avoiding multiple usernames and passwords, and
gives secured e-banking experience, helping in
managing their business operations efficiently.
Additionally, the service will help RMs to focus on
delivering high-end services to customers as they
will have access to routine details on the mobile
app while on the move.
Growing importance of SMEsIndia's SME sector has emerged as a highly vibrant
and dynamic sector of the economy over the last
five decades. At present, there are over 3.6 crore
units contributing 8 per cent to India’s GDP, 45
per cent to manufacturing output, 40 per cent to
exports and employing over 8 crore people.
KEY FEATURES
All important information on
existing loans on one screen
Application for fresh limits, enhancements,
term loan disbursements from their office desk
Getting fresh Bank guarantees and letters of credit
sitting at the office
Instant updation of stock statements
Elimination of manual errors
Tickers and alerts of important dates to avoid hassles
Substantial reduction in touch
points
like comment
Submission of insurance policies,
financials, bank statements
Getting offers from the Bank
Removal of physical document handling
All the latest digital services and news... Do be sure to share our offerings with customers, new and existing
Now view RM Details on NetBanking High Net Worth customers can now view their Relationship Manager/Privilege Banker details on a marquee at the bottom of the Financial Summary page of NetBanking. While Imperia and Preferred customers will be able to view their respective RM's name, email id and phone number; Classic customers will be able to view
their respective PB's name and email id.
LAUNCHES
DID YOU KNOW
Form 26AS is now available on NetBanking
In addition to individuals, NetBanking now also provides Tax Credit
Statement (Form 26AS) to non-individual entities (HUF, firms, trusts,
companies) through login by their authorised signatories. The statement can be accessed
from Request section of Accounts tab.
Individuals
All customers with individual accounts can view their own Tax Credit Statement online.
This includes Sole Owner, Joint or First, Joint or Others and guardian account holders.
Customers can also view and update their own PAN card details through NetBanking.
Standing Instruction NEFT now on NetBanking
Customers can now schedule payments to other banks either once or by setting up a standing instruction through NEFT on NetBanking. Customers will be able to make these transactions basis their Third Party Transfer limit. Also, these transactions can be viewed and deleted by the customer any time.
Consolidated Account/Financial Summary with sectional total
Financial Summary and the Account Summary pages on NetBanking will now be modified to display the summary in sections, which can be expanded or compressed. This change was brought about to avoid displaying the long list of CASA, deposits, demat accounts, mutual funds and credit cards in one go.
Non-individuals
All customers who are authorised signatories (AUS/TRU/DEV/VAL) on accounts of non- individual entities, can view Tax Credit Statement on NetBanking.
Customers can’t see their own Tax Credit Statement from this login.
PAN card details for non-individual entities can’t be updated through NetBanking.
COMING SOONDigital Certificate on NetBanking
The strongest mode of authentication will now be available on NetBanking. As per an RBI directive, a Digital Certificate is mandatory for authorising high-value online funds transfer transactions. With this change going live on
NetBanking, online third-party funds transfer within and outside HDFC Bank (NEFT and
CUSTOMER SPEAK
like comment
BUSINESS CONTINUITY AWARENESSPromoting awareness and education of information security culture through training programmes and exercises
ISG
Our Bank observed BCP Awareness Week from May 16-20, 2016. It was held under the
guidance of Mr Sameer Ratolikar, CISO, and led by Ms Reshma Desai, Business Continuity
Manager. A BCP Quiz was hosted on the Bank's SecurityNet Portal which received close
to 2500 entries. The first ten winners were awarded with exciting gift vouchers. Throughout
the week, awareness on various aspects of BCP like policy, objectives, user's roles &
responsibilities, and effectiveness were communicated. BCP Awareness Week is aimed at
raising awareness on the importance of continuity of business during critical times.
Mr Sameer Ratolikar (second from left), Chief Information Security Officer along with the winners of BCP Quiz during the BCP Awareness Week
Click here to view the BCP Quiz
RTGS) for the transfer amount exceeding `10 lac, will be impacted. The Digital Certificate
provides non-repudiation with tamper-evident seals, important for legal situations and has
legal sanction.
Ms Ganeshwari Gomathina JangamPhoneBanking, Mumbai
Read more
Mr Manish Anand PhoneBanking, Delhi
Read more
Ms Yasmeen Khan PhoneBanking, Pune
Read more
Ms Cyndrella Fernandes PhoneBanking, Mumbai
Read more
Take this quiz and the quickest correct responses win exciting vouchers!
WINNERS TAKE QUIZ like comment
RAPIDFIRE QUIZ
Check out all the winners
OUR PHOTO STARS!S P E C I A L
Employees showcase their exceptional photography skills at the All India Inter-Corporate Photography Contest (CPC) 2016. Here are the results…
Nayan Jyoti Das Senior ManagerCategory: Landscapes
Siddharth Aggarwal ManagerCategory: Others
“I have been photographing for 4-5 years now. It was a hobby I
picked up during my college days and soon became my passion. I
used to own a Nikon 5800 camera and later upgraded to Sony SLT – A58. I enjoy clicking everything, particularly nature and portraits.
My mind gets an immense relaxation by seeing the pictures
from a different perspective altogether.”
“I had initially started photographing during my school
days. A few years back, I had participated in a photography
contest, which helped me to realise my potential. With the help of the
online tutorials, I used to experiment with my Kodak camera by capturing
nature. I now own a Nikon DSLR D90 and love to delight my eyes by
clicking different shots of nature.”
Our Bank participated in the All India Inter-Corporate Photography Contest (CPC) 2016 and secured 1st and 3rd rank in two of the five categories. A total of 90 photographs clicked by our employees have been featured in the top 1000 entries. These photographs were later displayed at an exhibition at the ‘Hall of Vision’ in the prestigious Nehru Centre in Worli (Mumbai). The contest saw enthusiastic participation from 29 corporates across the country, with employees sharing over 15,000 photographs. Corporate Photography Contest is an employee engagement event that provides a platform to connect employees across diverse sectors with a motto of promoting photography as an art form at the workplace. The contest comprises five categories –
wildlife, landscapes, portraits, culture, and others.
1st Rank 3rd
Rank
HERE ARE OUR TOP TWO WINNERS
CHECK OUT THE OTHER WINNERS
view images
like comment
1CULTURE
2WILDLIFE
3PORTRAITS
4LANDSCAPES
5OTHERS
Check out all the submissions. Click on each category to view...
like comment
KEEPING A HEALTHY MODERATIONA snapshot of initiatives undertaken under the HDFC Bank CARES programme for our employees
PAD
Following our Bank’s commitment to
promoting a healthy lifestyle, PAD organised
a health talk on ‘Mindful Eating’ on June 7,
2016, at our Kanjurmarg office (Mumbai).
The speaker was Dr Roshani Sanghani,
consultant endocrinologist at PD Hinduja
Hospital and Research Center. Dr Sanghani
is India’s first practitioner of 'Mindful Eating'
– an award-winning US-based programme
that helps people break free from dieting.
The programme is a mindfulness concept
that helps in redefining one’s relationship
with food.
A total of 213 employees attended the
informative health talk. Employees attend a health talk on ‘Mindful Eating’ at Kanjurmarg office, Mumbai
FOR A CAUSEAll the latest CSR activities undertaken by HDFC Bank and its volunteers towardsenvironmental, social and governance related causes
CSR
Caring for the Mother Earth World Environment Day, observed every
year on June 5, is aimed at spreading global
awareness on the need to preserve and
enhance the environment.
To mark the occasion, our Jaipur RA
Operation team planted more than 50
saplings at the premises of DAV Centenary
Public School. The active participation of all
the team members and their commitment to
creating a better world for the community
made the event a huge success.
Bridging the skill gap Our Bank, in collaboration with Orion
Edutech, launched community development
projects in Uttar Pradesh. The initiative was
launched by flagging off the Kaushal Vikas
Yatra on May 31, 2016, at Pradhan Mantri
Kaushal Vikas Kendra in Varanasi.
The objective is to promote skill
development among unemployed youth
and women through Kaushal Vikas Kendras
across the state. The programme focuses
on middle-skill jobs that are of high scarcity
and have the potential to place young
people on a path towards a fulfilling career.
The flag-off was facilitated by Ms Nusrat
Pathan, Head – CSR, HDFC Bank; Mr
Jaikant Singh, Head – Partnership & State
Alliance, NSDC; Mr Manish Agarwal,
Director, Orion Edutech; and Mr Ketan
Deshpande, CEO, FUEL. Also present on
the occasion were 300 enrolled students.
The key feature of the flag off was
awareness building and mobilisation
activities, with the involvement of local
administration to ensure coverage of 117
villages in the first phase.
Members of Jaipur RA Operation team plant saplings on the occasion of World Environment Day
The Kaushal Vikas Yatra at Pradhan Mantri Kaushal Vikas Kendra is flagged off in Varanasi (UP)
like comment
WOMEN ENTREPRENEURS: LIFELINE OF THE FAMILYOur Bank is investing in making rural families more financially independent. A closer look at the the work being done...
S L I
The Indian family has traditionally been patriarchal, with the man being the bread-winner. Women were usually responsible for household chores and child-rearing, kept away from earning a living. However, this notion is gradually undergoing a change as more women venture out of their homes to help with the family’s finances. With our Bank’s Sustainable Livelihood Initiative (SLI), however, they needn’t venture too far. The financial support extended through SLI has empowered women to
become partners in their family’s earnings, giving her much-deserved respect, and improving the overall well-being of their families.
“I belong to the Rubee HBG. Earlier due to insufficient capital, I was unable to run my grocery shop
and manage the family expenses. The loan from the Bank helped in
adding fresh stocks. With my family's support, we are able to run the
household comfortably.”
“A loan through the Bank’s group, Afgaan JLG, helped me start an
agarbathi selling business. My family also helped in the business which increased my earnings. Now our
standard of living has improved and I am able to provide quality education
to my children.”
“Apart from availing a loan, the Bank has also provided tailoring training.
This was very informative and helped me acquire additional skills. Post
training, I started stitching and the income has enabled me to fulfill my
family’s financial needs.”
“I was unable to provide my children a good education due to insufficient funds.
Then I availed a loan by joining the Bank’s group. With the credit support, I started saree designing work. This
has supported me to give my children a quality education.”
“From Taj JLG and I have been associated with the Bank for the last
four years. With the first cycle of loan, I started a ready-made garment
business. In the subsequent years, with a larger loan our business has
grown and we can manage our family expenses.”
Binita Devi, Jamshedpur, Jharkhand
Shilpi Das, Diamond Harbour, West Bengal
Vaja Gitaben Mahendrasingh, Chitra, Gujarat
Ajija Bano, Chhindwara, Madhya Pradesh
like comment
Abeda Khatun Rahman, Balod, Chhattisgarh
BITCOINK N O W M O R E
The banking industry is transforming as digitalisation plays an increasingly important role. In this section, we feature key developments that you should know about
Bitcoin, the world’s first decentralised digital
currency, was invented by an Australian
computer scientist – Craig Steven Wright
– in 2009 and was released as an open
source software.
The initial purpose of Bitcoin was to make
online payments through peer-to-peer
networking system and later evolved into a
currency.
Here’s what you need to know about Bitcoin
and how it works:
What is Bitcoin?Bitcoin is a decentralised cryptocurrency
with no central monetary authority. It is not
a printed currency like rupees or dollars.
Bitcoin has evolved into a currency and
technology, with a dedicated community of
users who govern it.
The difference between “Bitcoin” and “bitcoin”There is a subtle
difference between
the bitcoin and
Bitcoin. Bitcoin
with a capital “B”
represents the whole
system, whereas the
one with a small “b”
represents the actual
currency.
What is a blockchain?A blockchain is a public distributed ledger
that has bitcoin as its unit. Just like a
bank’s ledger which maintains a record of
all the transactions made by a customer,
a blockchain also records every Bitcoin
transaction since its inception.
The blockchain is globally shared amongst
participants, also known as miners.
Blockchain is managed democratically by
the miners without the influence of any
central authority.
How are new bitcoins generated?New bitcoins are created through a
process called mining, which ensures even
distribution of bitcoins. New bitcoins have
a fixed rate, thus making it a competitive
business.
There is no central authority or developer/
hacker who can increase their profits by
manipulating the system. If a bitcoin creation
or transaction does not comply with the
system’s rules, it will be rejected by all the
bitcoin nodes across the world.
Bitcoins can also be purchased from Bitcoin
exchanges and can be stored in digital
wallets.
image source: https://bitcoin.org/en/
What is Bitcoin mining?Bitcoin mining is the process that verifies
the transactions taking place in the Bitcoin
network. Mining is done every 10 minutes
by performing a series of mathematical
calculations on the computer, which
leads to the creation of a new block in the
blockchain.
Those performing these operations are
called miners and are awarded with a few
bitcoins. The mining process authenticates
bitcoin transactions and also evenly
distributes the bitcoins to miners.
Where can we spend bitcoins?Bitcoins are getting accepted as a legitimate
currency with the e-commerce companies
as well as bricks-and-mortar stores. They
can also be used to buy gift cards.
What are the benefits of using bitcoins?
Cheaper: The transaction fees for bitcoins are minimal and in some cases free.
Faster: Bitcoin transactions are faster than traditional inter-bank transfers. The transactions are instantaneous if the merchant accepts them without awaiting confirmation from the blockchain; this is called “zero-confirmation”. However, if a merchant requires confirmation, the transaction time is around 10 minutes.
Easier: Transactions through bitcoins can be done through a wallet software and is easier than debit/credit card purchases.
No chargebacks: A person who sent bitcoins cannot redeem them without the consent of the recipient. This makes it hard to fraudulently reverse a transaction, like in the cases of credit cards.
Better privacy: Bitcoins use two keys during transactions – a public key and a private key. The public key (your bitcoin address) can be seen by anyone, however the private key is hidden. Bitcoin transactions combine your public and private keys thereby authenticating and safeguarding your information by applying a set of mathematical functions.
Private and transparent: Bitcoin is a private currency yet transparent due to the blockchain. The bitcoin transactions of a particular address and the amount of bitcoins held in a particular address is visible to everyone. However the identity of the bitcoin address holder is not known.
Trustworthiness: Bitcoin transactions are digitally signed and secure. The transactions are complete only after an unknown miner verifies it. The merchant does not get any of your details.
Inflation protection: Under original specification of bitcoins only 21 million will ever be created. This reduces the likelihood of bitcoins being affected by inflation. Limited bitcoins will actually result in deflation, wherein the prices of goods and services will fall.
Ownership: Unlike other electronic cash systems the ownership of your bitcoins lies with you.
Minting: With enough computing power anyone can mine their own bitcoins. Bitcoins are generated in one’s address by simply leaving the machine on with the software running.
like comment
SPORTING EXCELLENCES P O RT S
A round-up of the latest sports successes and a handful of outstanding achievements ofour Bank’s corporate sports teams
Mumbai ladies’ team wins Saran Football Tournament
Our ladies pulled off a fantastic win at
the 15th Saran Corporate Soccer 5s 2016,
held from May 28-29, 2016, at the Western
Railway Sports Ground, Mumbai. The
team played against Kotak Bank in the
quarterfinals winning 6-0. Playing Morgan
Stanley in the semifinals, they tied at 1-1,
and won in the penalty shootout. The finals
were played against JP Morgan. The match
was drawn at 0-0, and once again our team
shone in the penalty shootout… a nail-
bitting finish!
Hyderabad team wins Freedom T20 LeagueOur Hyderabad cricket team won the
Freedom T20 Corporate League Inter-
Corporate Cricket tournament. Our team
won four out of the 5 matches and stood at
the top of the table. The finals were played
against Accenture on May 30. Batting first,
we scored 178 runs and restricted them to
113. This is the team’s first major win.
Mumbai team clinches Corporate Super Cup title
The Team
Archana Sharma
Neeta Devadiga
Suchitra Natarajan
Abhivyakti Sharma
Dimple Santwan
Valencia E Fernandes
Vaishnavi Mahale
The Team
Triguna Pulipati (Captain)
Vijay Alangayam (Vice Captain)
Santosh Yasa
Pavan Gulime
Yuvaraj Babu
Prabhakara Rao
Himanshu Ra
Arvind G
Arvind Nair
Radha Madhav Mishra
Rameshbabu Erra
Vijay Polavarapu
The jubilant Mumbai ladies team with the 15th Saran Corporate Soccer 5s trophies
Our Hyderabad team is all smiles with the Freedom T20 league trophy
Our Mumbai footie team, champions of the Corporate Super Cup
Our Bank’s football team (Mumbai)
conquered Fin IQ by 3-0 to win the inaugural
edition of the FC Pune City Corporate
Super Cup. The finale was held on June 25,
2016, at the Infosys Football Ground, Pune.
Tushar Anchan won the Best Player of the
Tournament award.
Champions of Ahmedabad Corporate GamesOur Vadodara sports team defeated VISPL
'B' by four wickets to win the Ahmedabad
Corporate Games at Railway Ground. Neeraj
Shah rattled the opposition with three
wickets while Rakesh Kaimal took two.
In the second innings, Sarthak Mudhwa
starred with 45 runs while Ashish Purandare
chipped in with 31 runs and Sanjay Rana
scored an unbeaten 32 to clinch the win.
Ahmedabad team wins SGVP Corporate Cricket tournament
Our Ahmedabad cricket team won the
SGVP Corporate Cricket tournament. Of
the eight teams that participated, the finals
were played between our Ahmedabad and
Baroda teams. Vishal Choksi (Ahemedabad)
was declared the Man of the Series for his
outstanding performance and Rajesh Kaimal
from the Baroda team was declared Best
Bowler. The Team
Sukesh Shastri (Captain)
Manan Pandya
Tushar Anachan
Kevin Dsilva
Avilon Noronha
Pratik Nerkar
Mukesh Jadhav
Jayes Naik
Denis Menezes
Prakyath Shetty
Rakesh Yadav
Liston Fonseca
The Team
Kedar Joshi
Sanjay Rana
Rajesh Kaimal
Niraj Shah
Ajay Wadhwani
Nitin Dhumal
Ashsih Purandare
Dharmendra Dogra
Dharmesh Patel
Sukumar Burman
Siddharth Barot
Dharmpal Gohil
Sagar Patel
Linesh Dave
Sarthak Mudhwa
Nayan Soni
The Team
Vastav Pandya
Kashyap Kotak
Samir Parmar
Vishal Jain
Ankur Rathod
Vishal Choksi
Mohit Sharma
Hiren Anarkat
Karna Pandit
Rushikesh Ghanwat
Chirag Chaudhary
Ranjan Kumar
Darpan Mehta
Saurabh Chauhan
Sarthak Mudhwa
Vijay Patel
Vipul Jani
like comment
Rishi Pillai
Sheldon Benny
Leroy Almeida
Siddharth Puthran
Prasanna Shetty
Prakash Chauhan
Ketan Kalgutkar
The Vadodara team crowned champs of the Ahmedabad Corporate Games
The winning Ahmedabad team at the SGVP Corporate Cricket tourney
SmartUp launched in CochinOur Bank introduced SmartUp – the first-of-
its-kind dedicated solution for start-ups – in
Cochin on May 24, 2016. The initiative offers
tailored banking and payment solutions to
start-ups, along with advisory and forex
services.
The service was launched by Mr Shilen
Sagunan, Chief Executive, SS Consulting
Kochi, in the presence of Mr SS Jayasankar,
Zonal Head, Mr Sudhir Sehgal, National
Sales Manager – Digital Commerce, Mr
Anoop Leon King, Cluster Head, Mr Sai
Kannan, Regional Head – Digital Commerce
(South) and, Mr Arun Nair, Head, NASSCOM
10,000 Start-ups.
Empowering rural women Our Mansarovar branch in Jaipur organised
a cheque felicitation ceremony for the
Sustainable Livelihood Initiative (SLI)
beneficiaries in April. Ms Rinku Meena,
Block Development Officer (BDO),
ZONAL UPDATESA glimpse of the activities and events organised by our Bank’s zonal offices across the country
B A N K B U L L E T I N
The officials at the launch of SmartUp in Cochin
like comment
like comment
Panchayat Samiti Sanganer, presented the
dummy cheques for the approved loans to
the beneficiaries at the Jaisinghpura branch.
The branch manager briefed the BDO
about the SLI. Ms Meena also expressed
her interest in being a part of SLI’s future
training programmes. The branch sourced
NTB accounts for Panchayat Samiti in
Sanganer and successfully collected funds
of `1 crore. The attendees included Mr
Naveen Maheshwsari, Circle Head, Manish
Mathur, branch manager and the SLI
team. Further, the team is expecting fresh
funds in the gram panchayat account in
Jaisinghpura.
Similarly, our Ajmer branch organised a
SLI loan felicitation ceremony at Suchana
Kendra Ajmer, in the presence of Mr Gaurav
Goyal, District Collector – Ajmer. Mr Tarun
Agrawal, Circle Head, and Mr Ravit Kumar,
Circle Head – SLI, gave Mr Goyal, insights
and reach of SLI division in the state. A total
of 101 female beneficiaries were given loans
at this event. The beneficiaries also shared
with Mr Goyal their experience about how
the Bank has transformed their lives.
Ms Rinku Meena, BDO, Panchayat Samiti Sanganer, gives away dummy cheque to SLI beneficiaries
Mr Gaurav Goyal, District Collector – Ajmer, gives a dummy cheque to SLI beneficiaries
With an aim to recognise and encourage artistic talent at the workplace, our Bank organised 'Xpressions' — an online drawing and painting contest for the staff and their children. The contest comprised of four categories and each category was given two topics to choose from to prepare their artwork. The paintings were evaluated by Mr Sajid Wajid Shaikh, a Mumbai-based illustrator, visual artist and graphic designer. The top two entries in each
category were awarded exciting prizes.
CATEGORY: HDFC Bank Employees
CATEGORY: Children: 4 to 7 years
CATEGORY: Children: 7 to 11 years
CATEGORY: Children: 11 to 15 years
view images view images view images view images
GETTING XPRESSIVE Employees and their kids
unleashed their creativity during ‘Xpressions’ — our online
drawing and painting contest. Here are the results…
like comment
S P E C I A L
CATEGORY
Employees
Children: 4 to 7 years
Children: 7 to 11 years
Children: 11 to 15 years
TOPIC 1
Resource Conservation
My House
Swachh Bharat
My Ideal Tourist Spot
TOPIC 2
My Passion
Me and My Friends
My School
Nature
CHECK OUT THE WINNER'S REMARKS
read more
NEWS AT A GLANCEBank Bulletin canvasses a wide range of news related to our Bank’s events, launches andmore
B A N K B U L L E T I N
Mr Aditya Puri named Asia’s Best CEOOur Bank emerged as the most
honoured company in the latest ranking
released by Institutional Investor magazine.
Named the All-Asia Executive Team
rankings 2016, the survey had 1,394
investment professionals participating from
582 financial institutions.
The awards: Mr Aditya Puri: Best CEO
Mr Sashi Jagdishan: Best CFO
Investor Relations practice: Best in the
sector
The survey covered 1,541 companies from
18 sectors across Asia excluding Japan.
Our Bank among Top 100 Global BrandsOur Bank has been listed at 69th position
in BrandZ’s Top 100 Most Valuable Global
Brands 2016 ranking. HDFC Bank is the only
Indian brand to be featured in the list.
Making it to the list for the second time in a
row, our Bank’s brand value has increased
to USD 14.44 billion from USD 14.02 billion
last year. The increase has pushed the
Bank up five notches. The ranking released
by WPP and Millward Brown, is topped
by Google, followed by Apple, Microsoft,
AT&T, Facebook, Visa, Amazon, Verizon,
McDonalds and IBM.
Speaking on the occasion, our MD, Mr
Aditya Puri, said, "This is testimony to the
fact that the innovations we have introduced
to improve the whole experience of banking
for our customers have worked.”
In addition to the global ranking, the
Bank was ranked India’s most valuable
brand in 2014 and 2015.
The study considered following parameters for the ranking:
Current demand: Consumers’
predisposition to choose a brand over
others
Price premium: Consumers’
predisposition to be willing to pay more
for a brand
Future demand: Consumers’
predisposition to stick with a brand in the
future, or try it for the first time Mr Aditya Puri, Managing Director
Branch network grows in NortheastOn June 13, our Bank expanded its
physical distribution network in the
Northeast, crossing the 100th branch
milestone there. The launch of 16 new
branches in FY2015-16 has taken the total
count to 109 in the seven states of the
region. Out of the 109 branches, 55 are
located in Assam.
The main objective behind the expansion is
to ensure banking services in remote corners
of the country. More than 50 per cent of the
branches are located in semi-urban and rural
areas. Our Bank is also reaching out through
its Sustainable Livelihood Initiative (SLI). Over
1.5 lac women from rural areas of the region
have benefited from the initiative.
Mr Sourjendu Gupta (centre), Zonal Head — Northeast at a press conference in Assam to announce the expansion of the branch network in the region with the Bank's first two customers of the state
like comment
HARNESS THE MAGIC OF COMPOUNDINGP E R S O N A L F I N A N C E
Investing little by little over time helps you benefit from the power of compounding. Know how..
Regular savings in relatively safer financial instruments yielding moderate returns can work
wonders over a long period of time. The principle of compounding teaches that it does not
take too much money to accumulate a decent amount over time. What is necessary is the
discipline of regular savings and time on your side. The longer the time, the better will be the
returns.
Understanding compoundingWhen you invest in something that earns a rate of return, it takes advantage of compounding
– the ability of an asset to generate earnings which can be reinvested to generate more
earnings. It is possible that the growth in your investment over time may be more due to
compounded earnings than to how much money you save and invest.
Make your money work so hard for you; so that you do not have to work for it.— Napoleon Hill, American motivational author
Invest early and prioritiseA look at how time and compounding can grow savings:
From the example above, you can see that investor B never catches up and the difference is
substantial. In fact, many people have trouble catching up because a much larger chunk of a
monthly contribution is required if saving and compounding have been delayed for 10 years.
Compounding over longer period The best way to ensure your future financial success is to start saving today, even if
all you have seems like a paltry sum. In the short-term, compounding doesn’t make a
huge difference, but don’t let that fool you. On the slow, sure path to wealth, we need to
keep focused on the long-term goals. The results will seem slow at first, but the magic
of compounding returns comes at the very end. If you invest in stocks, and reinvest the
dividends, you tend to do a lot better.
Reinvest earningsTo achieve financial freedom, you must understand and utilise compounding to your
Investor A (25 years old) Investor B (35 years old)
Investment (per month) `200 `400
Rate of interest (annually) 7 per cent 7 per cent
Duration of investment (years) 41 31
Profit earned `4,70,289 `3,82,503
Total amount `5,68,689 `5,31,303
advantage. Investing should be about buying income, not appreciation because you can
compound income by reinvesting into additional income paying assets.
For instance, once you have your first income producing asset, you simply reinvest this
income into a second income producing asset. Now you’ll have two income producing assets,
generating you money. You can reinvest this income into a third income producing asset.
Impact of interest rate Compounding interest at its core is best served by conservative investing. Someone who
chases speculative and very trendy stocks won’t see the power of compounding interest. An
investor whose primary concern is compounding interest will instead look for the company
that is growing slowly and surely. The real trick is to get a high annual compounding rate of
return that is not subject to income taxes.
Invest in the right compounding machineFinding compounding machines can be hard, but once you find them, they do all of the hard
work for you. Investing in equity/balanced mutual fund SIPs for very long periods can be
profitable. The CAGR returns generated over a period of 10-20 years can be amazing.
CHECK OUT SOME RECOMMENDATIONS read more
like commentWe hope you find these useful. Stay tuned for more investment advice right here!
HITTING THE HEADLINESBrowse through our media centre and read the latest press coverage about HDFC Bank and its activities
I N T H E M E D I A
The Financial Express, June 7, 2016
The Hindu Business Line, June 9, 2016
like comment
Warm up those vocal chords as our Bank, in association with Shankar Mahadevan Academy, kicks off its search of our next singing idol.
The grand winner gets a chance to feature in a music video with maestro Shankar Mahadevan.
Registration will be closed on July 16, 2016.
Click here to register now!
like comment
V O I C E H U N T 2 0 1 6
Are you ready to besinging sensation?the next
CLICK TO VIEW
CLICK TO VIEW
SHARE AND WIN!
oron NetMeeting with
IP address: 10.2.233.78.
And, in a new twist, we will award the top photo
contributor an exciting prize...so start clicking.
Think you have a gift?Show us! If you have
your own ORIGINAL pic, simply e-mail it to
S H U T T E R B U G
Some breathtaking shots of nature, weather, wildlife and amazing locations that caught the fancy of our colleagues
CAPTIVATING CLICKS
view images
like comment
MONSOON SPECIALSTAY HEALTHY
Tips for a happy monsoon
Wet hair and damp clothes can cause discomfort, fungal infections and illness. A smart choice is to have a change of
clothes at the office, so you are warm and dry as you work.
Avoid eating spicy and fried roadside food. Eat home-
cooked food and freshly cut vegetables and fruits that
are easy to digest.
Avoid water stagnation in and around your place, since it leads to the breeding of
mosquitoes. Make sure your surroundings at home and at work are dry and clean.
Drink filtered and boiled water only. In order to boost immunity, drink a bowl
of hot vegetable soup or herbal tea like ginger or lemon tea.
Use effective insect repellent and disinfectants to prevent getting bitten
by mosquitoes.
D O I T Y O U R S E L F
like comment
B R E A K T I M E
Hard at work? Here’s a well-deserved break. Tease your brain cells, laugh a little, learn some valuable tips… and feel free to send us your contributions!
GET RECHARGED
Spot 5 differences
SOLUTION
Fact of the Matter
Bank of Hindostan, General Bank in Bengal and the Bengal Bank are the first banks to have
issued paper currency.
First bank to introduce ATM in India: HSBC Bank
Here’s something to tease your brain. Participate and stand the chance to win exciting prizes.
TAKE THE QUIZ WINNERS
Quiz
CLICK HERE TO PLAY NOW
CLICK HERE
Crossword
Test your knowledge about your Bank in a fun way.
Loved it? Hated it? Take a minute to share your feedback with us
so we can improve your experience of
Have news you’d like to share with colleagues? Whether its about your branch, office, team or a personal
achievement write in to us at [email protected] or
OUR WORLD