HDFC Bank’s Nagaon Branch Wins NABARD Award

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HT Bureau

GUWAHATI, Dec 8: HDFC Bank’s Nagaon branch has been adjudged as the Best Performing Branch in Microfinance (Joint Liability Group or JLG financing) in the state among private sector banks by the National Bank for Agriculture and Rural Development (NABARD). At a felicitation ceremony organized by NABARD on Wednesday, Ajanta Neog, finance minister, Government of Assam, presented the award to Bhagaban Baruah, relationship manager – Sustainable Livelihood Initiative (SLI), HDFC Bank in the presence of other senior bank officials, including Bani Kanta Borah, Regional Business Head – North East, HDFC Bank.

Notably, the bank’s Sustainable Livelihood Initiative or SLI is aimed at the financial and social empowerment of individuals through financial inclusion, financial literacy, and skill-building. HDFC Bank provides its SLI customers market linkage, credit support, training, and capacity, and has covered 4.61 lakh households in Assam. Nationally, the bank has reached out to over 10.3 million households, thereby transforming the lives of more than 41 million people.

Commenting on the development, Sandeep Kumar, Branch Banking Head, HDFC Bank, said, “We are delighted to receive this award from NABARD, which underlines our commitment to make a difference in people’s lives. At HDFC Bank, through SLI, we have been impacting and transforming millions of lives across the country. This award will motivate us to drive this initiative further both in Assam as well as in other parts of the country.”

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