There will be a massive change in the organization of HDFC Bank, the country’s largest private sector bank. The change will not only improve the health of the bank but also benefit the customers, seven months after Shashi Jagadeeshan became the bank’s chief executive and managing director, it announced massive organizational changes. According to the statement issued by the bank, the bank has been reorganized into three pillars, ‘Business Vertical’, ‘Supply Channel’ and ‘Technology and Digital’.
Along with this, the bank has made changes in senior leadership roles. The current Group Head of Corporate Banking, Rahul Shukla, has been assigned Commercial Banking (MSME) and Rural Works.
A statement from the bank said that in the coming times, focused business verticals and distribution channels have been formed to take full advantage of the opportunities in various customer segments. The bank’s chief executive and managing director Jagadishan said, “I am confident that this structure will create the necessary strategic and execution capabilities that we need to serve our customers across the retail, commercial (MSME) and corporate sectors across India.” is.
HDFC Bank Chief Executive and Managing Director Shashi Jagdishan said, “We are building engines of growth with the best talent and technology and digital transformation to take full advantage of the opportunities ahead.” “This initiative is internally named” Project Future-Ready “. HDFC Bank is the largest private bank in the country in terms of market cap. HDFC Bank achieved the distinction of becoming the largest private bank in the country by beating ICICI Bank. There are more than 1.16 lakh employees in this bank.
Along with the bank’s strategy and structure, the bank has also recently announced a change in the credit card. According to HDFC Bank, it is preparing to convert the old credit card system into the latest technology. For this, it is being considered to transfer the card platform to a trusted fintech company. So if you are a customer of HDFC Bank, then get ready for this change.
HDFC Bank Cards can transfer its card platform to a FinTech company to improve end-to-end processing and security. Since Fintech is considered a good platform for online banking and credit card issuance. Due to this, the bank has made up its mind to hand over this responsibility.