BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Banks ›
Bank
HDFC BankIndia

Active

This profile is actively maintained
Last update: 2024-10-11 10:53:47
HDFC Bank's head office in Mumbai, India. Photo: selvin kurian via Flickr (BY NC BA 2.0)

Active

This profile is actively maintained
Last update: 2024-10-11 10:53:47
Bank info
BankTrack campaigns
All
About
Website http://hdfcbank.com
Headquarters
HDFC Bank House, Senapati Bapat Marg, Lower Parel
400013 Mumbai
India
CEO/chair Sashidhar Jagdishan
Managing Director and CEO
Supervisor
Reserve Bank of India
Ownership
listed on Bombay Stock Exchange, Luxembourg Stock Exchange, National Stock Exchange of India & NYSE

HDFC Bank's complete shareholder structure can be accessed here.

HDFC Bank is a large financial institution in India. It was incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. It is India’s largest housing finance company. The bank has three key business segments: wholesale banking, retail banking and treasury.

Sustainability
Commitments
Policies
Voluntary standards

HDFC Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Codes and policies

Corporate social responsibility

HDFC Securities
2024-04-01 00:00:00

CSR policy

Bank policy
2024-04-01 00:00:00 | HDFC Bank
2021-03-06 00:00:00

Whistleblower Policy

Bank policy
2021-03-06 00:00:00 | HDFC Bank
2020-12-07 00:00:00

Corporate Social Responsibility (CSR) Policy

Date listed represents date as accessed on website
Bank policy
2020-12-07 00:00:00 | HDFC Securities
2020-04-17 00:00:00

Environmental, social and governance ESG policy framework

Bank policy
2020-04-17 00:00:00 | HDFC Bank
2019-12-17 00:00:00

Environmental policy

Bank policy
2019-12-17 00:00:00 | HDFC Bank
2019-01-25 00:00:00

Code of conduct and ethics

Date listed represents date as accessed on website
Bank policy
2019-01-25 00:00:00 | HDFC Bank
HDFC Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Dodgy Deals

HDFC Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of HDFC Bank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mapping Garment Industry Funding in India

2022-04-06 | Fair Finance Asia, Fair Finance India
Blog
BankTrack news BankTrack blog Partner news Partner blog

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

A future without coal: banking on Asia's just energy transition

2021-11-10 | Fair Finance Asia
BankTrack news BankTrack blog Partner news Partner blog

The great Indian gold heist

2019-01-22 | Newsclick.in
BankTrack news BankTrack blog Partner news Partner blog

Sting operation reveals money laundering by top banks

2013-03-15 | The Times of India
Resources
Documents
Links
2024-04-01 00:00:00

CSR policy

Bank policy
2024-04-01 00:00:00 | HDFC Bank
2023-06-05 00:00:00

Annual report 2022-2023

Annual report
2023-06-05 00:00:00 | HDFC Bank
2022-08-15 00:00:00

Annual report 2021-2022

Annual report
2022-08-15 00:00:00 | HDFC Bank
2021-06-22 00:00:00

Annual report 2020-2021

Annual report
2021-06-22 00:00:00 | HDFC Bank
2021-06-16 00:00:00

CSR report 2020-2021

Annual report
2021-06-16 00:00:00 | HDFC Bank
2021-03-06 00:00:00

Whistleblower Policy

Bank policy
2021-03-06 00:00:00 | HDFC Bank
2020-12-07 00:00:00

Corporate Social Responsibility (CSR) Policy

Date listed represents date as accessed on website
Bank policy
2020-12-07 00:00:00 | HDFC Securities
2020-07-01 00:00:00

Annual report 2019-2020

Annual report
2020-07-01 00:00:00 | HDFC Bank
2020-07-01 00:00:00

CSR report 2019-2020

Annual report
2020-07-01 00:00:00 | HDFC Bank
2020-04-17 00:00:00

Environmental, social and governance ESG policy framework

Bank policy
2020-04-17 00:00:00 | HDFC Bank
2019-12-17 00:00:00

Sustainability report 2018-2019

Date listed represents date as accessed on website
Annual report
2019-12-17 00:00:00 | HDFC Bank
2019-12-17 00:00:00

Environmental policy

Bank policy
2019-12-17 00:00:00 | HDFC Bank
2019-06-24 00:00:00

Annual report 2018-2019

Annual report
2019-06-24 00:00:00 | HDFC Bank
2019-01-25 00:00:00

Code of conduct and ethics

Date listed represents date as accessed on website
Bank policy
2019-01-25 00:00:00 | HDFC Bank
2018-06-30 00:00:00

Annual report 2017-2018

Annual report
2018-06-30 00:00:00 | HDFC Bank
2018-06-30 00:00:00

Sustainability report 2017-2018

Annual report
2018-06-30 00:00:00 | HDFC Bank
2015-04-14 00:00:00

Annual Report 2013-14

Annual report
2015-04-14 00:00:00 | HDFC Bank
2015-04-14 00:00:00

Annual Business Responsibility Report 2013-14

Annual report
2015-04-14 00:00:00 | HDFC Bank
2014-01-01 00:00:00

HDFC 2012-2013 Annual Report

Annual report
2014-01-01 00:00:00 | HDFC Bank
2014-01-01 00:00:00

HDFC 2012-2013 Business Responsibility

Annual report
2014-01-01 00:00:00 | HDFC Bank

Fair Finance Guide India

Assesses how responsible Indian banks are with respect to the Environmental, Social and Governance (ESG) criteria.

CSR page

Accountability
Grievances

HDFC Bank operates a grievance redressal mechanism, which can be accessed here.

This page evaluates HDFC Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 200

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once


Average

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 209

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN%
NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 217

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 220

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 223

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN
Banks and Human Rights

Banks and Human Rights

BankTrack assessed HDFC Bank in its 2022 Human Rights Benchmark Asia, where it achieved 1 point out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
HDFC Bank
IND
1
Laggard 1
0
India
Score
Laggard
1
Explanation

HDFC Bank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Laggard, with a total score of 1 out of 14.

Policy: 1/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.
Good Moves

Good moves

Year:
Send feedback on this profile
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted