HDFC Bank kicks off 2nd Digital Innovation Summit (DIS) on February 9th & 10th in Mumbai.

HDFC Bank Ltd, announced the launch of the 2nd edition of its Digital Innovation Summit 2017 which will be held in Mumbai on February 9th & 10th.

Online PR News – 12-January-2017 – Mumbai, January 12, 2017 – HDFC Bank kicks off 2ndDigital Innovation Summit (DIS)

• Invites ideas from start-ups, fin-techs in new age technologies like AI, IoT, Blockchain, Virtual Reality, and Roboticsrn
• Best ideas to power bank’s next phase of growth

HDFC Bank Ltd., today announced the launch of the 2nd edition of its Digital Innovation Summit. The Summit is a platform for start-ups to showcase their innovations aimed at powering the bank’s next phase of growth. Innovation is a part of our DNA,”said Mr. Nitin Chugh, Country Head, Digital Banking, HDFC Bank at the launch event in Mumbai.“Through Digital Innovation Summit, we are fostering a culture of innovation.

Those interested can submit their entries before Jan 22, 2017 by clicking here. Top 25-30 entries will get an opportunity to present their ideas to a jury comprising senior management of the bank on February 9th& 10th in Mumbai. The top 5 ideas selected by the jury will be further evaluated to get the opportunity to partner with the bank.Evaluation is done on the following four parameters:

1) Uniqueness,
2) Business Potential
3) Usability and Scalability,
4) Compatibility with HDFC Bank’s business and technology platforms.

In its 2nd edition, entries are invited in the following categories:

•Internet of Things (I0T)
•Virtual Reality (VR)
•Artificial Intelligence (AI)
•Block chainrn
•Rural Fin-Tech

Innovations in these categories to be introduced in the areas such as Mobile Banking, Customer Experience, Cyber Security, Social Banking, Payments, Branch Automation, and Operational Efficiency.

For the 2nd edition of the Summit, HDFC Bank has partnered with Let’s Talk Payment as Summit partner.

The initiative is part of the bank’s strategic focus on customer convenience, access and delight, using technology as an enabler. This journey began in 2014 in Varanasi with the launch of the #GoDigital 'Bank aapkimutthimein’ campaign.


Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 37 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.

The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 20 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.

As of September 30, 2016, the Bank had a distribution network with 4,548 branches and 12,016 ATMs in 2,587 cities/towns. For the quarter ended September 30, 2016, the Bank’s total income was INR 199.70 billion (Rs 19,970.9 crore) as against INR 173.24 billion (Rs 17,324.3 crore) for the quarter ended September 30, 2015. Net revenues (net interest income plus other income) were INR 108.94 billion (Rs 10,894.5 crore) for the quarter ended September 30, 2016, as against INR 92.32 billion (Rs 9,232.7 crore) for the corresponding quarter of the previous year. Net Profit for the quarter ended September 30, 2016, was INR 34.55 billion (Rs 3,455.3 crore), up by 20.4% over the corresponding quarter ended September 30, 2015.

Total income for the year ended March 31, 2016, was INR 709.73 billion (Rs 70973.2 crore). Leading Indian and international publications have recognised the bank for its performance and quality.

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