HDFC forays into education sector

HDFC Bank recently forayed into the education sector. The bank inked deal with Indus World Schools. The deal is believed to be ranging somewhere between 40 to 50 crore.

The Indian schooling sector is believed to be amongst one of the fastest growing in the world. Last year the Indian market accounted for 40 percent of the total education market across the world.

Managing Director of HDFC Bank Renu Sud Karnad said “HDFC and CL have a lot to gain from this relationship. Together, we can make a significant positive impact on the quality of school education in the country.”

Indus World Schools is a unit of education company Career Launchers. Currently IWS comprises of 14 schools in total across the country. IWS also contributes to the social cause as it runs schools for underprivileged students in Andhra Pradesh and in Gujarat and Punjab through Government partnerships. The group plans to take the total number of schools to a staggering 75 in next five years.

HDFC judged as most popular bank for 2010

According to an online survey HDFC Bank was judged as the most popular bank for the year 2010. The survey was based on the number of visitors that visited the web site of the bank per day nad rakings from various ranking portals and analytical data

According to the web site 417360 visitors visited the web site of the bank per day. The largest lender of the country was judged in the fourth place according to the survey.

HDFC Bank was followed by ICICI Bank and Axis bank in the charts. With 1.32 lac visitors the State Bank of India topped the PSU segment.

Citi Bank that is in headlines these days due to the scam topped the chart in the foreign banks category. Union Bank of India was judged as most popular nationalized bank while Bank of India as most popular nationalized bank of the country.