HDFC Bank releases first standalone CSR report highlighting decade-long Parivartan impact
Bank spends over ₹1,068 crore on CSR in FY 2024–25
Srinagar, Dec 23, KNT: HDFC Bank on Tuesday announced the release of its first-ever standalone annual Corporate Social Responsibility report, detailing a decade of social impact achieved through its flagship programme, Parivartan.
According to the report, the country’s largest private sector bank spent ₹1,068.03 crore on CSR initiatives during the financial year 2024–25, marking an increase of nearly ₹123 crore compared to the previous year. With this, HDFC Bank’s cumulative CSR investment has reached ₹6,176 crore as of March 31, 2025.
The last financial year marked 10 years of Parivartan, under which the bank has reached 10.56 crore beneficiaries across 28 states and eight Union Territories. Projects have been implemented in 102 out of 112 Aspirational Districts identified by the Government of India, while 298 border villages have been covered under rural development initiatives.
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The CSR report outlines six key focus areas, including rural development, promotion of education, skill training and livelihood enhancement, healthcare and hygiene, financial literacy and inclusion, and natural resource management. Under its holistic rural development programme, over 14.92 lakh households have been positively impacted so far. In education, the bank has disbursed more than 29,000 scholarships, established over 2,600 SMART schools and set up 930 community libraries.
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Skill development initiatives have enabled 7.2 lakh individuals to secure sustainable livelihoods, while healthcare programmes have benefitted over three lakh people through mobile clinics, cancer care support and maternal health initiatives. The bank’s financial literacy efforts, including the Vigil Aunty digital fraud awareness campaign, have reached over 21 lakh followers online. In environmental sustainability, HDFC Bank has created 14,520 water conservation structures and installed more than 69,000 solar lights.
Aligned with 10 of the 17 United Nations Sustainable Development Goals, the six focus areas reflect the bank’s integrated approach to inclusive and sustainable development.
Deputy Managing Director Kaizad Bharucha said the Parivartan initiative reflects the bank’s long-term commitment to community partnership and inclusive growth, emphasising that development efforts must remain locally relevant and future focused. [KNT]
