Tag: HDFC Bank

Finance

HDFC Bank Inaugurates Tech & Digital Factory in Guwahati to Boost AI and Cybersecurity Talent

Swara Bodke

Written by Intern Swara Bodke || Team Allycaral

India, 2026: HDFC Bank, India’s leading private sector bank, has inaugurated its new Tech & Digital Factory in Guwahati, marking its first such facility in Assam and the fourth nationwide. The bank already operates similar Tech & Digital Factories in Mumbai, Bengaluru and Gurugram.
The new centre will serve as a hub for advanced technology development, innovation and talent incubation in Assam. It aims to strengthen talent pools in Artificial Intelligence (AI), Digital technologies and Cybersecurity, while building capabilities in Cloud, Data and core engineering tracks. The initiative is also expected to enhance digital product creation capabilities in the state.
The facility was inaugurated by Assam Chief Minister Himanta Biswa Sarma in the presence of Mr. Kaizad Bharucha, Deputy Managing Director – HDFC Bank, Mr. Ramesh Lakshminarayan, Chief Information Officer – HDFC Bank, dignitaries from the Government of Assam, members from participating educational institutions, and officers of the bank.


The Tech & Digital Factory will generate career opportunities for skilled professionals in Assam, enabling them to contribute directly to next-generation technology development while remaining in their home state.
The initiative is part of Advantage Assam 2.0, under which HDFC Bank partnered with the Government of Assam. The collaboration focuses on enhancing academic knowledge with industry expertise through a structured skill-building curriculum tailored to the BFSI and fintech sectors.
Centred on campus-to-corporate competency, the programme aligns with job requirements in banking and fintech industries. The curriculum includes essential banking knowledge along with new-age IT domains.
The programme commenced in September 2025, and over 150 students are currently being trained under the cohort. Participants will receive industry-relevant knowledge and hands-on experience from senior HDFC Bank executives.
Students enrolled in the programme will also undergo internships with HDFC Bank for a duration of 2 to 4 months. This will allow them to apply academic and technological concepts in real-world corporate scenarios. Importantly, the course is offered at no additional cost to students.
Commenting on the development, Mr. Kaizad Bharucha, Deputy Managing Director, HDFC Bank, said that the Bank had signed an MoU with the Assam Government at Advantage Assam 2.0 in February 2025 and was pleased to establish the facility within a year, supported strongly by the state government. He added that the new centre would enable the rollout of innovative digital products and services while attracting engineering talent from Assam to contribute to next-generation banking technology.
HDFC Bank’s Tech & Digital Factory model continues to function as the nucleus of digital execution, with dedicated units focused on experience design, mobile and cloud engineering, APIs and orchestration, data and GenAI, and secure-by-design architecture.
HDFC Bank began its journey in Assam in 2004 with the launch of its first branch in Guwahati. Since then, the Bank has expanded to 138 branches and 248 ATMs across the state as of December 31, 2025. According to the State Level Banker’s Committee (SLBC) report, the Bank’s Credit-Deposit (CD) ratio in Assam stood at 85.78% as of the same date.

Business

HDFC Bank To Disburse Rs 20 Crore To Social Impact Start-ups In 9th Edition of Parivartan Start-up Grants

rencygomes02

Written by Intern Rency Gomes || Team Allycaral 

National, January 2026: HDFC Bank, one of India’s leading private sector banks, today launched the FY26 edition of the Parivartan Start-up Grants programme, its flagship initiative supporting social impact-driven innovations. The programme will support 10 strategic initiatives across priority sectors including climate innovation, agriculture and sustainable livelihoods, manufacturing and MSME innovation, financial inclusion, and gender diversity and inclusion, alongside emerging areas such as AI and deep technology.


In FY26, the programme will disburse Rs 20 crore through non-dilutive grants, designed to enable pilots, validation, and early-stage scale-up of startups. This edition also marks steady progress towards the programme’s 10-year milestone, with expanded partnerships with incubators from reputed institutions across India.

The Parivartan Start-up Grants programme follows an incubator-led, portfolio-based model, under which partner incubators handle programme design, startup outreach, evaluation, mentoring, monitoring, and impact reporting.

Commenting on the launch, Mr. Kaizad Bharucha, Deputy Managing Director, HDFC Bank, said:
“Parivartan Start-up Grants has evolved as a benchmark in the industry that works closely with institutions to support innovation addressing clearly identified social and environmental challenges. In FY26, the focus is on further deepening sector engagement, strengthening ecosystems, and building institutional capacity to enable startups to receive sustained and structured support.”

Mr. Arup Rakshit, Group Head – Treasury, HDFC Bank, added:
“The programme reflects our view that early-stage social impact innovation benefits from strong institutional support that can provide mentorship, networks, and structured guidance. The FY26 edition builds on this approach, through partnerships with some of India’s leading incubators across climate action, financial inclusion, deep technology, and livelihood-focused sectors, while continuing to expand participation across regions.”

Since its inception in 2017, Parivartan Start-up Grants has supported over 500 startups, including 87 in FY25 alone, through partnerships with more than 130 incubators nationwide. Cumulatively, the programme has deployed ₹85+ crore in grant funding, with nearly 40% of supported startups originating from Tier II and Tier III cities. At a portfolio level, supported startups have raised over ₹900 crore in external funding, with ~40% co-founded by women. In FY25, the programme deployed ₹20 crore across 20 incubation centres under this model.

Business

HDFC Bank Reports 8.9% Growth in Net Revenue for Q3 FY26; Net Interest Income Rises 6.4%

rencygomes02

Written by Intern Rency Gomes ||Team Allycaral 

Mumbai, January 17, 2026: The Board of Directors of HDFC Bank Limited approved the Bank’s financial results prepared under Indian GAAP for the quarter and nine months ended December 31, 2025, at its meeting held in Mumbai on Saturday. The financial statements have been subjected to a limited review by the statutory auditors of the Bank.

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For the quarter ended December 31, 2025, the Bank reported net revenue of ₹458.7 billion, registering a growth of 8.9 per cent compared to ₹421.1 billion in the corresponding quarter of the previous year.

Net interest income (interest earned less interest expended) for the quarter increased by 6.4 per cent to ₹326.2 billion from ₹306.5 billion in the same period last year. The Bank’s core net interest margin stood at 3.35 per cent on total assets and 3.51 per cent on interest-earning assets.

Other income (non-interest revenue) for the quarter amounted to ₹132.5 billion. Fee and commission income rose to ₹92.3 billion compared to ₹81.8 billion in the corresponding quarter of the previous year. Foreign exchange and derivatives revenue stood at ₹14.3 billion, marginally higher than ₹14.0 billion reported a year earlier. Net trading and mark-to-market gains surged to ₹9.3 billion from ₹0.7 billion, while miscellaneous income, including recoveries and dividends, was ₹16.6 billion compared to ₹17.9 billion in the year-ago quarter.

Operating expenses for the quarter ended December 31, 2025 were ₹187.7 billion. Excluding the estimated impact of ₹8.0 billion related to employee benefits under the New Labour Code, operating expenses stood at ₹179.7 billion, compared to ₹171.1 billion in the corresponding quarter of the previous year. The Bank’s core cost-to-income ratio for the quarter was 39.2 per cent.

The results reflect HDFC Bank’s continued focus on sustainable growth, operational efficiency and disciplined cost management amid evolving economic conditions.

Social

HDFC Bank Parivartan to Field Largest Corporate Contingent at Mumbai Marathon 2026 for Cancer Awareness

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral

HDFC Bank announced that it will field nearly 1,500 employees at the Tata Mumbai Marathon 2026 through its CSR programme Parivartan, making it one of the largest corporate contingents at the event. Scheduled to be held on January 18, the initiative aims to support cancer awareness and promote the importance of early detection in partnership with the Indian Cancer Society, India’s oldest non-profit organisation dedicated to cancer care.

Under its Healthcare and Hygiene pillar, HDFC Bank Parivartan focuses on improving access to primary and preventive healthcare, strengthening health infrastructure and encouraging positive health-seeking behaviour within communities. The collaboration with the Indian Cancer Society at the Mumbai Marathon reinforces this commitment, highlighting how early detection can significantly improve cancer treatment outcomes.

As part of the initiative, the Indian Cancer Society will also field over 100 runners, including young cancer survivors and its employees, bringing visibility and inspiration to the cause. The participation of survivors adds a powerful human element, underscoring resilience, hope and the impact of timely diagnosis.

Commenting on the initiative, Kaizad Bharucha, Deputy Managing Director of HDFC Bank, emphasised the Bank’s responsibility towards community well-being, noting that the marathon represents a collective effort to raise awareness and encourage early screening. He highlighted that this is among the largest employee volunteer contingents HDFC Bank has fielded for the event to date.

Indian Cancer Society’s Hon. Secretary and Managing Trustee, Usha Thorat, expressed gratitude for HDFC Bank’s continued support, stating that awareness remains the first and most critical step in improving cancer outcomes in India, where fear, stigma and lack of information often delay diagnosis. She noted that seeing cancer survivors participate in the marathon sends a strong message of courage and hope.

To mark the collaboration, the Indian Cancer Society has conducted cancer awareness sessions for HDFC Bank employees and organised screening camps at select locations. Beyond this marathon initiative, HDFC Bank Parivartan continues to support healthcare programmes across the country, including partnerships with institutions such as the Gujarat Cancer Society and Tata Memorial Hospital, reinforcing its long-term commitment to building healthier and stronger communities across India.

Finance

HDFC Bank Integrates Digital Rupee (e₹) into SmartGateway Payment Platform

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral

HDFC Bank has announced the integration of the Reserve Bank of India’s Central Bank Digital Currency, the Digital Rupee (e₹), into its online merchant payment platform, SmartGateway, marking a significant step in expanding India’s digital payments ecosystem. The move enables merchants to offer customers a secure, sovereign-backed digital payment option directly within the HDFC Bank checkout experience.

With this integration, merchants using SmartGateway can now accept payments through the Digital Rupee at zero transaction cost, in addition to existing payment modes such as UPI, cards, and net banking. The enhancement is designed to provide customers with a seamless payment experience that is instant, secure, and free of intermediary charges.

As of December 2025, HDFC Bank is among the pilot banks participating in the RBI’s CBDC initiative, servicing approximately 8.45 lakh registered Digital Rupee wallets. The bank continues to see steady adoption, with nearly 13,000 to 15,000 new wallets being added every month, reflecting growing consumer and merchant confidence in the emerging digital currency.

For merchants, zero-cost acceptance of CBDC presents a future-ready payment option that offers improved settlement certainty and reduced operational overheads by eliminating intermediaries. For consumers, the Digital Rupee combines the convenience and speed associated with UPI with the added trust and assurance of an RBI-backed sovereign digital currency, ensuring fast and secure transactions.

By enabling CBDC acceptance on SmartGateway, HDFC Bank is expanding the choice of digital payment options available to customers while extending the benefits of the Digital Rupee to a broader base of businesses. The initiative underscores the bank’s digital-first approach and its continued focus on innovation in the payments space.

This integration further reinforces HDFC Bank’s commitment to supporting India’s transition towards a cash-light, inclusive digital economy, while positioning SmartGateway as a comprehensive and future-ready payment platform aligned with the country’s evolving financial landscape.