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Annual General Meeting held on 30th June 2016.

At the Annual General Meeting held on 30th June 2016, Mr. Lionel Jayasinghe was appointed as a Director on the Board of HDFC while Mr. Prasad Galhena was reappointed to the Board, both as Shareholder Directors. Further Mr. D. P. Wimalasena was nominated as an ex officio Director to the Board from the Treasury with immediate effect. The HDFC Bank is the only public quoted licensed specialized Bank, in Sri Lanka. 51% of the Bank's shares are owned by the State.

These appointments are highly important to the Bank, as the Bank is presently in a transformation era, with high expectations towards progress in every aspect of Banking, starting from growth targets to capital enhancement progression. Recently, the HDFC was even granted approval by the Ministry of Public Enterprise Development after a 14 year long wait, to build the Bank's Headquarters at a prominent location at Hide Park Corner.

Furthermore, the Bank is in the process of successfully completing another value addition venture to its financial management system – the Core Banking project “Apeksha”, which will replace the existing IT system. This will upgrade all IT related functions. This new and sophisticated IT system will cater to various demands of the Bank with accompanying high security features. The new core banking system is will be an added advantage for the bank to accomplish its prime concept of “a Bank on Wheels” and in another words, realizing its efforts to penetrate into untapped market segments in rural areas of the country.

Presently, the Bank's Palm Top Team alone amounts to 150 employees, who contribute immensely to savings and deposit targets of the Bank. They perform as brand ambassadors promoting many other different products of the Bank at customer door steps. This Palm Top Team is a unique concept that consists of young and energetic members who can be groomed for more productive jobs through a comprehensive training package to takeover more responsibilities in the future. The Bank plans to offer a more flexible path to them and increase the number in line with the Banks Corporate Plan being drawn up for the next 5 years along with an updated organizational chart, in order to create more opportunities for these young men to generate income for themselves and the Bank.