HDFC Bank holds 36th AGM

Chairperson Wasanthi Manchnayake

CEO/GM Palitha Gamage

HDFC Bank hosted its 36th Annual General Meeting on 17 September at the bank’s head office, on a virtual platform in adherence to Government regulations and healthcare best practices to prevent the spread of COVID-19.

The bank’s Chairperson Wasanthi Manchnayake, CEO/GM Palitha Gamage and Board members Dr. S. Neavis Morais, P.A.S. Athula Kumara, D.M.A.K. Dasanayaka, L.E. Susantha Silva, Senior Professor A. Jayamaha, M.P.D.U.K. Mapa Pathirana, W.M. Ananda, were present at the meeting.

The bank presented the Annual Report and Audited Financial Statements for the financial year ended 31 December 2020. At the meeting, the shareholders approved for a final dividend of 25 cents per share for the financial year 2020.

HDFC Bank recorded a pre-tax profit of Rs. 1,381 million in 2020, in comparison to the pre-tax profit of Rs. 1,244 million in 2019, reflecting a 11% growth.

HDFC Bank’s core purpose is to provide financial solutions to enable sustainable housing and living standards with the support of 39 branches across the country. While keeping housing as its core business, the bank continuously recognises the needs of the SME sector as well.