Organizational structure of hdfc bank. Organizational Culture of HDFC Bank Limited 2022-11-15
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The organizational structure of HDFC Bank, one of the leading private sector banks in India, is a combination of a functional and a divisional structure.
At the highest level, the bank has a Board of Directors, which is responsible for the overall strategic direction of the organization and for making major corporate decisions. Under the Board of Directors, there is a Managing Director and Chief Executive Officer (CEO), who is responsible for the day-to-day management of the bank and for implementing the policies and strategies decided by the Board.
Under the CEO, there are several functional departments, such as Human Resources, Finance, and Marketing, each headed by a Chief Operating Officer (COO). These departments are responsible for specific functions across the organization, and they provide support and expertise to the various business units of the bank.
In addition to the functional departments, HDFC Bank also has several business units or divisions, each of which is responsible for a specific line of business. For example, the Retail Banking division is responsible for the bank's retail banking operations, including personal banking, mortgages, and small business banking. The Corporate Banking division is responsible for the bank's corporate banking operations, including lending to and servicing large corporations. Other business units or divisions include Wealth Management, Treasury, and International Banking.
Each of these business units or divisions is led by a President or a Vice President, who reports to the CEO. The business unit heads have a high degree of autonomy in managing their respective units, but they also have to align their strategies and operations with the overall goals and objectives of the bank.
In summary, the organizational structure of HDFC Bank is a hierarchical structure with a clear chain of command and a division of responsibilities. The functional departments provide support and expertise to the various business units, which are responsible for the bank's different lines of business. This structure allows the bank to effectively manage its diverse operations and to achieve its strategic goals.
Organisational structure of hdfc bank pdf
But it is an established fact that the absence of systematic training programme will result in higher training costs. The Banking Sector, one of the constituent of the financial system, spurs economic efficiency by allocating saving to high investment and reflects the economic health of the country. The outermost will be artefacts, middle will be the values and beliefs and inner most will be the underlying assumptions. Says that organizations that have a good internal educational programme will have to make less drastic manpower changes and adjustments in the event of sudden personnel alternations. If you are well prepared and enthusiastic about entering the field, you are likely to find a variety of opportunities open to you. Increased human performance often directly leads to increased operational productivity and increased company profit. Managing an account industry has constantly spun around the conventional capacity of taking stores, cash exchange and making progresses.
This criterion of covering 55% of employees needs to be dissolved. Last but not least behavioral training is more important as while doing the study it was found that people are less cooperative and outgoing to help out. Any type of sampling in which the sample selected depends on personal discretion of the Investigator is subjective or judgment sampling. And officers are transferred after 3yrs. The trained employee is given a chance to work with more responsibilities. Hence we can say that just 5 years old the organization into the Indian subcontinent and with the quantum of people they arc-working with and type of turnover they are showing is amazing.
Hence the training department, in order to cover their target of 55% increases the number of training programmes. Since its inception in 1977, the Corporation has maintained consistent and healthy growth in its operations to remain the market leader in mortgages. Paresh Sukthankar The current chairman is Deepak Parekh. This can and happens obviously. Organizational culture in light of Hofstede model The organizational culture model proposed by the Hofsetede holds the seminal importance as it has been frequently applied by analysts to analyze the organizational culture of any company. By continuing your navigation, you consent to their use. Bank promotion tries to line balance between internal source of personal promotion and external sources.
This sampling method has been used the choice of sample depend exclusively on the judgment of the investigator. Management exerts the strong control and employees work in a disciplined work environment with serious attitude. The aggregate effect of every one of these progressions has been on the idea of state proprietorship in banks. The training is immediately called whenever any employee is elevated to next promotional post. Lorem ipsum Lorem ipsum dolor sit, amet consectetur adipisicing elit.
The Bank at present has an enviable network of 1,725 branches spread in 780 cities across India. None of the banks in question have a branch in another city. Research Instrument Descriptive research is used in this project report in order to understand the evolving competitive environment in the banking sector in India and to make a comparative study among few banks operating in public private and foreign sector. It is found that the average age group of trainees are in their twenties or early thirties which signifies that the consumer durable industry need more of young blood as enthusiasm is an integral part of the industry. For these customers, the Bank provides a wide range of commercial and transactional banking services, including working capital finance, trade services, transactional services, cash management, etc. The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company set up in 1977 of India. To make smart decisions about capital, portfolio management, and liquidity management, bank managers must be well-versed in complicated financial instruments.
The Bank has five independent directors and seven non-independent directors. Lorem ipsum Lorem ipsum dolor sit, amet consectetur adipisicing elit. In an organization with highly internally driven organizational culture, the employees believe that they know the explicit and implicit needs of customers and act accordingly. Overall analysis The overall analysis suggests that these individual cultural dimensions also interact with each other. When an organization successfully creates the alignment between its structure, culture and business strategies, and understands the complex association between underlying assumptions, core values and observable behaviors, it can then use the organizational culture as a tool to gain strategic benefits. The bank has adopted multi pronged strategy to disseminate information with a view to reach larger sections of the society in various states. Its first corporate office and a full administration branch at Sandoz House, Worli were introduced by the then Union Finance Minister, Manmohan Singh.
The Governor is the Reserve Bank Bank found this opportunity giving good returns and funds were parked with overseas accounts. Branch banking is also known as British Banking. This means that the company has not used long dialects and dialogues to delivers its opinion ad stance to the public and relevant stakeholders. It is done to leverage the opportunities offered by such constructive differences. The reasons could be numerous. In this way, employees are encouraged to only promote the healthy competition.
The trained employee is tested by his performance in the trained area. Thus, adequate training is equally desirable for the organization and the employee. On one hand between merit and ability against length of service on the other hand. This compulsion forces unnecessary nominations and programmes, which not only leads to wastage of time, effort, energy and money but also is noneffective. It is recognised as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks.
History and Organizational Structure of HDFC Bank LTD
Economy, from authorizing to joining with Global Economics, the progressions have been quick. The principles of the diversion under which banks worked changed in 1993. Lorem ipsum Lorem ipsum dolor sit, amet consectetur adipisicing elit. It is now self-appraisal where a structural form is filled and any other incident or area which are not included in the appraisal form may be expressed separately. An average financial institution is generally divided into various departments, from e-banking services to customer support and supervisors of specific divisions. Give us a chance to perceive how managing an account has developed in the previous 57 long periods of freedom.
Three years later the bank received its charter and was re- designed as the Bank of Bengal on 2nd January 1809. Ideally, they know their clients' business intimately and can recommend additional products and services. All most all the segment working in the economy was influenced and managing an account part is no special case to this. The internally driven organizations place high importance to the ethics and integrity, and they do not compromise over these values to achieve the desired results. Training is a process of learning a sequence of programmed behaviour.
