BWI: HDFC Bank Ties up with Chitkara University

Press release from Business Wire India
Source: Chitkara University
Saturday, October 02, 2010 01:41 PM IST (08:11 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment; Business: Advertising, PR & marketing, Banking & financial services, Business services, Education & training, Financial Analyst
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HDFC Bank Ties up with Chitkara University
To Impart Training in Banking Skills Through Joint Certification Program

Baddi, Himachal Pradesh, India, Saturday, October 02, 2010 -- (Business Wire India) -- HDFC Bank, one of India's premier banks, has tied up with Chitkara University to initiate a Joint Certification Program to train and equip its students with skills essential for the Banking sector. This initiative will create a ready talent pool to cater to the requirements of banking and financial institutions. In return, students will garner specialised skills to meet the expectations of potential employers and familiarise themselves with the operations of banking and financial institutions.

Through this initiative, HDFC Bank has already tied up with 44 B-Schools across India training 1400 students for various modules across the Banking and Finance verticals, such as Relationship Management, Retail Credit & Risk, Retail Banking and SME Banking.

This voluntary Joint Certification Program comprises of training sessions conducted over a period of 45 days where the students will have the opportunity to interact with professional trainers and senior management from HDFC Bank who will help them to acquire comprehensive knowledge about the industry. The students will also receive a certificate after successful completion of the course.

Commenting on this initiative, Mr. Ishlesh Bhaskar, Regional Head - Human Resources from HDFC Bank said, "There is a huge gap between skills that are available and those that are required by banks and financial institutions. This Program is an effort to bridge that gap. The program will train students and impart skills giving them an added advantage over their peers which we believe will play a pivotal role in securing for them a bright future in banking and financial institutions".

Commenting on this initiative, Brig. (Dr.) R. S. Grewal, Vice Chancellor, Chitkara University, said,, "We at Chitkara University always try our best to provide students the cutting edge that gives them something extra and differentiates them from others. The new programme will give students the chance to be better prepared for the job and be industry ready professionals right from day one. I hope our students take advantage of it and are able to benefit from it."

About HDFC BANK

Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its over 11 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.

The bank's competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 13 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.

As on June 30, 2010, the Bank had a network of 1725 branches and 4393 ATMs in 780 cities across India.

For the quarter ended June 30, 2010, the Bank's total income was Rs. 5,360.0 crores as against Rs. 5,136.8 crores for the quarter ended June 30, 2009. Net revenues (net interest income plus other income) were Rs. 3,341.0 crores for the quarter ended June 30, 2010, an increase of 15.2% over Rs. 2,899.2 crores for the corresponding quarter of the previous year. Interest earned (net of loan origination costs and amortization of premia on investments held in the Held to Maturity (HTM) category) increased from Rs. 4,093.1 crores in the quarter ended June 30, 2009 to Rs. 4,420.2 crores in the quarter ended June 30, 2010. Net interest income (interest earned less interest expended) for the quarter ended June 30, 2010 grew by 29.4% to Rs. 2,401.1 crores, driven by average asset growth of 23.2% and a net interest margin (NIM) of 4.3% as against a core NIM of 4.2% for the quarter ended June 30, 2009.

Leading Indian and international publications have recognized the bank for its performance and quality.

For more information please log on to: www.hdfcbank.com

About Chitkara University

Chitkara University aims to provide quality education in the field of business management, engineering, architecture, healthcare management and journalism & mass communication etc. The flourishing university currently has more than 3000 students enrolled in various programs at its Campus. The Chitkara group also has its Punjab campus on Zirakpur-Rajpura Road running Engineering, Hotel Management, Education, Architecture programs with a vast student base of nearly 5000.

Dr. Ashok Chitkara & Dr. Madhu Chitkara have been the driving force behind the establishment of quality educational institution. Over a period of time Chitkara has morphed from a family name to a brand name in the field of higher education. The aim of Chitkara Group is not only to provide quality education but also to empower the society by producing capable professionals and smart individuals in strong association with Industry.

(L-R) Brig (Dr ) R S Grewal Vice Chancellor Chitkara University Mr Ishlesh Bhaskar Regional Head Human Resources HDFC Bank at the Conference

For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Chitkara_University_Pic1.jpg
(L-R) Brig. (Dr.) R. S. Grewal, Vice Chancellor, Chitkara University & Mr. Ishlesh Bhaskar, Regional Head - Human Resources, HDFC Bank at the Conference


CONTACT DETAILS
Neeraj Jha, Head, Corporate Communications, HDFC Bank Ltd, +9193236 20828, +91 (022) 6652 1308 (D) / 6652 1000 (B), neeraj.jha@hdfcbank.com
Sachin Khurana, QuikRelations, +919888908706, pr@quikgroupindia.com

KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, MARKETING, BANKING, BUSINESS SERVICES, EDUCATION, Financial Analyst

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