HDFC Bank Annual Report – Raising The Bar Higher; Embarking On Project ‘Future Ready’: ICICI Securities

HDFC Bank branch. (Source: BloombergQuint) 

HDFC Bank Annual Report – Raising The Bar Higher; Embarking On Project ‘Future Ready’: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Demonstrating responsible leadership (theme for FY20 annual report), HDFC Bank Ltd.’s FY21 annual report highlights how it is cruising ahead despite headwinds, driving aspirations of inclusive growth and catalysing the next wave of transformation.

It humbly accepts technology, besides strength, also as an area of improvement and is embarking on scale changing technology adoption and transformation agenda to drive ambitious growth plan.

It has also unveiled project ‘Future Ready’ to add strength to its strategic and execution muscle. It includes:

  1. Identifying growth engines (created new business segments of micro small and medium enterprise and rural banking),

  2. adding digital marketing as another key delivery channel,

  3. expanding semi-urban and rural markets,

  4. creating a new digital factory to foster innovation.

Click on the attachment to read the full report:

ICICI Securities HDFC Bank Annual Report Analysis.pdf

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