HDFC Bank Reorganised itself To Become Future Ready for New Opportunities

Private sector HDFC Bank announced organizational rejig under 'Project Future-Ready' for the next wave of growth.

In a statement, it said it is reorganizing itself into three areas, viz business verticals, delivery channels and technology/digital to be ready for the future and capitalize on the opportunities.

HDFC Bank said it will re-double on its business verticals - corporate banking, retail banking, private banking, government and institutional banking, and retail assets and payments.

In addition, it is increasing its focus on the commercial banking/micro, small, and medium enterprises (MSME) vertical with its digital offerings.

The bank said it will invest in its delivery channels - branch banking, tele-service/sales (including virtual relationship manager channel), and sales channels aligned with the business verticals and digital marketing.

All the businesses and delivery channels will be backed by technology/digital as the core backbone.

"We are creating engines of growth with top-tier talent backed by technology and digital transformation to capitalise on opportunities that will accrue in the coming time," Managing Director Sashi Jagdishan said.