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HDFC Bank wins Bronze Award at Annual Reports Award by CA Sri Lanka
HDFC Bank of Sri Lanka, the premier Housing Finance Bank in the country was recognized yet again for its exceptional presentation of their Annual Report 2012 at the 49th Annual Report Awards ceremony , organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) held on Tuesday, 10th December 2013, HDFC Bank won the Bronze award under the Financial Institution Sector. This was awarded for the standard of disclosure, presentation and level of compliance with statutory and regulatory requirements, corporate governance, corporate social responsibility, timeliness, clarity and consistency.

"Winners of the annual report awards are selected based on comprehensive selection criteria in line with global standards which promote transparency, corporate governance and excellence in financial reporting,Therefore, this recognition attests to HDFC 's transparency in financial reporting," said CEO / GM Mr.Nimal Mamaduwa.

Mr. D. Vidana Pathirana, Chief Financial Officer said that being the only quoted housing finance Bank that operates under the purview of the Ministry of finance, HDFC has always been determined to maintain high standards in annual reporting and corporate communications to shareholders and other stakeholders with both financial and non-financial information. The high degree and standard in Annual Reporting on economic, environmental and social engagements of the Bank help strengthen stakeholder relations and harness long term sustainability to enhance shareholders wealth through improved market capitalization.

Mr. Pathirana further stressed that HDFC achieved this recognition facing a high level of competition with the big players in the industry and would be committed to improve the standard of the Annual Reporting each year to remain competitive in the industry.