HDFC Bank has spent Rs 443.8 crore (previous year: Rs 374.54 crore) on the Corporate Social Responsibility (CSR), in accordance with Companies Act, 2013 on sustainable development and program on empowerment of communities, reaching out to more than 5.4 crore beneficiaries in the process.
Average net profit of the Bank for last three financial years was Rs. 21,960.4 crore, accordingly prescribed CSR Expenditure (two percent of the amount as in item 3 above) stood Rs. 439.2 crore, Bank said in its annual report for the FY 2018-19.
Bank said that the Sustainable Livelihood Initiative (SLI) has been a key driver in pushing for financial inclusion among families, especially women, in un-banked and under-banked areas. The initiative has had a major socio-economic impact by focusing on lending financial aid to Self Help Groups (SHG) for women.
Its CSR programmes focus on five distinct areas of intervention – Rural Development, Promotion of Education, Skill Development and Livelihood Enhancement, Healthcare and Hygiene, Financial Literacy and Inclusion.
Parivartan
The Bank in the year under review has continued its journey of social commitment through Parivartan which means change. Through its ‘Teaching-The-Teacher’ (3T) initiative which has potentially impacted 1.6 crore students as well as the Holistic Rural Development Programme which has already touched another possible 14.4 lakh people spread across more than 1,100 villages.
CSR implementing Partners
Promotion of Education
- Banasthali Vidyapith,
- CBM India Trust,
- International Foundation for Research and Education,
- K. C. Mahindra Education Trust ,
- Magic Bus India Foundation,
- Meljol,
- Moinee,
- Save the Children India,
- Seva Sahayog Foundation,
- Sri Aurobindo Society,
- Teach to Lead;
Rural Development
- Abhyuday Sansthan,
- Action for Agricultural Renewal in Maharashtra,
- Action For Food Production,
- Action for Social Advancement,
- Aga Khan Foundation,
- Aga Khan Rural Support Programme India,
- Ambuja Cement Foundation,
- Anarde Foundation,
- AROH Foundation,
- BAIF Development Research Foundation,
- Centre for Advance Research and Development,
- Collectives for Integrated Livelihood Initiatives,
- Community Advancement & Rural Development Society,
- Family Health India,
- Foundation for Ecological Security,
- FXB India Suraksha,
- Gram Vikas,
- Gramin Vikas Trust,
- Gramya Vikash Mancha, Haritika,
- Indo Global Social Service Society,
- Integrated Development Foundation,
- KGVK,
- Krushi Vikas Va Gramin Prashikshan Sanstha,
- M.S. Swaminathan Research Foundation,
- MYRADA,
- Nav Bharat Jagriti Kendra,
- Network For Enterprise Enhancement and Development Support,
- Participatory Action for Community Empowerment,
- Peoples Action for National Integration,
- Prayatn Sanstha,
- Professional Assistance for Development Action,
- S.M. Sehgal Foundation,
- Sahbagi Shikshan Kendra,
- Sai Jyoti Gramodoyog Samaj Sewa Samiti,
- Sanjeevani Inst. for Empowerment & Development,
- Shikhar Yuva Manch,
- Shramik Bharti,
- Society for Action in Community Health,
- Society for the Upliftment of Villagers & Development of Himalayan Areas (SUVIDHA),
- Ugam Gramin Vikas Sanstha Umra,
- Vikas Sahyog Pratishthan,
- Vrutti,
- Watershed Organisation Trust,
- World Vision India,
- Yuva Rural Association;
Skills Training & Livelihood Enhancement:
- Access Development Services,
- Antarang Foundation,
- End Poverty,
- Friends Union for Energizing Lives (FUEL),
- Head Held High Foundation,
- Pan IIT Alumni Reach for India Foundation,
- Pratham Education Foundation,
- Pune City Connect Development Foundation,
- Tata Institute of Social Sciences;
Other Donations:
- Abhinav,
- Common Service Centre (CSC),
- Yuva Unstoppable,
- The Aangan Trust
