FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

HDFC gears to meet year-end growth targets Vote_lcap68%HDFC gears to meet year-end growth targets Vote_rcap 68% [ 178 ]
HDFC gears to meet year-end growth targets Vote_lcap18%HDFC gears to meet year-end growth targets Vote_rcap 18% [ 47 ]
HDFC gears to meet year-end growth targets Vote_lcap13%HDFC gears to meet year-end growth targets Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOLC Asia Private Ltd Listing before end 2021
by Swissinvest Today at 12:09 pm

» LIOC - Indian Oil Kingpin
by kanishkaecomm Today at 11:45 am

» Exit SEMB If you are in profit good time to realise your profit
by Peris.G Today at 11:21 am

» Lanka Milk Foods PLC
by buddikasmart Today at 10:52 am

» LOLC Group Share Rise Imminent
by Swissinvest Today at 10:44 am

» SCAP 33% Upside Potential
by Swissinvest Today at 10:39 am

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by buddikasmart Today at 10:38 am

» CLC and LOFC pump and dump
by Gowri123 Today at 9:26 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Biggy Yesterday at 11:57 pm

» CLC placed on a Slingshot . . . !!!
by stockchaser Yesterday at 11:45 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by soileconomy Yesterday at 11:33 pm

» LIOC WILL HIT TO 38+++
by nish84 Yesterday at 11:33 pm

» Next valuable share - CIC
by cseguide Yesterday at 10:37 pm

» CLC - worth the Investment
by Winner123 Yesterday at 10:14 pm

» LOFC Direction
by Hope123 Yesterday at 9:30 pm

» SEMB.N and SEMB.X
by bkasun Yesterday at 8:41 pm

» BAIRAHA FARMS PLC (BFL.N0000)
by lion Yesterday at 6:58 pm

» Hidden Gem - GLAS - 40/- Soon
by sandamal Yesterday at 3:42 pm

» penny stock rally started
by bkasun Yesterday at 3:17 pm

» COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)
by Gaudente Yesterday at 2:34 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » HDFC gears to meet year-end growth targets

HDFC gears to meet year-end growth targets

Go down  Message [Page 1 of 1]

1HDFC gears to meet year-end growth targets Empty HDFC gears to meet year-end growth targets Mon Sep 03, 2012 10:04 am

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

HDFC Bank had a productive period during the first half of 2012 in terms of deposit growth, expansion of the branch network, launch of new products and improving infrastructure. However, there has been a substantial decline in the bank’s operating profit compared to the first half 2011.
The entirety of the bank’s activities focused on serving low and middle income segment in the country that is most needy and vulnerable sector. Despite the volatile market conditions the bank has maintained its fixed interest policy without transferring the burden to the customers.
The re-pricing of existing loans has not been done, keeping the bank’s primary objective in mind. The present loan portfolio of the bank comprises over 75% of home loans for the lower income segment that caters almost 25% of the middle income sector in the housing finance market. These factors have directly affected the bottom line.
While experiencing a challenging situation in balancing customer responsibility and corporate goals the bank has taken necessary steps to implement its strategic plan mainly concentrating few areas.
This includes quality management system, management responsibility in customer focus, planning in resource management and improvement in infrastructure. This has helped the bank to satisfy the customers with efficient service. The bank has got a substantial statutory relief to diversify its products portfolio to extend credit facilities to non-housing needs, which is already implemented is a great comfort in improving balance sheet strength and profitability.
With new branches opened, the bank now serves through 32 branches islandwide. Further it has expanded the mobile banking service covering 136 townships reaching one goal of financial inclusion, which is evident in the wide reach while concentrating more on the people who are in non banking sector. The number of employees has increased by over 20% to provide an efficient service to the customers.
With the new initiatives the bank is moving steadily towards its main vision, which is to become a dominant player in the financial services sector delivering innovative solutions with best-in- industry services and excellence, creating superior long-term shareholder value, fulfilling the objectives of all stakeholders contributing towards the economic development of the country.
The bank also has taken necessary steps with the support of the entire staff to meet the year-end profit and growth targets.
http://www.ft.lk/2012/09/03/hdfc-gears-to-meet-year-end-growth-targets/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum