HDFC wins prestigious awards
The Chairperson of HDFC Bank Siromi Wickramasinghe receives the
award at the Chartered Accountants Annual Report Awards 2012
D.V. Pathirana A.G.M. (Finance & Planning) accepting the Award
at the National Business Excellence Awards.
HDFC the only housing bank in Sri Lanka won the National Business
Excellence Awards 2012, Merit Award and the Bronze Award for financial
Institutions at the Chartered Accountants Annual Report Awards 2012 at
two ceremonies held recently at the Hilton Hotel and Waters Edge Hotel
The grand finale of the 48th prestigious Annual Report Awards
ceremony organized by the Institute of Chartered Accountants of Sri
Lanka (CA Sri Lanka) promotes transparency and accountability in
financial reporting in the corporate sector, and recognized companies
which had demonstrated excellence in transparency, accountability and
good governance via their annual reports. Meanwhile the National
Business Excellence Awards for 2012 presented by National Chamber of
Commerce of Sri Lanka (NCCSL) has by now become a unique national awards
scheme as it evaluates the overall performance of a company and selects
the cream of business in the country for awards.
Following the directions given by the Chairman and the Board of
Directors, HDFC Bank strategized its operation so as to maximize
economic and social benefits.
The Bank’s strategies and initiatives have underpinned substantially
for the growth of urban low income housing sector.
Mortgage facilities were strategically distributed among the wider
low and middle income groups. This task was in consideration of their
proportionate representation in the population whilst paying great
effort in balancing regional and economic sector wise distribution. In
2011, HDFC Bank granted 64% of loans facilities to low and middle income
groups who are hardly accessible to formal housing finance.