HDFC Bank, one of India’s premier private sector lenders, has announced a strategic partnership with Manipal Global Skills Academy to launch the Leadership Excellence Program (LXP). The program aims to hire and train women branch managers and enhance gender diversity within the organization. By collaborating with Manipal Global, HDFC Bank aims to develop a talent pipeline of skilled professionals equipped with industry-aligned competencies.
The Leadership Excellence Program (LXP) is a transformative initiative designed to establish a robust talent pipeline of female professionals at HDFC Bank. The bank plans to hire, train, and deploy over 200 women branch managers across key cities in India, including Chennai, Bangalore, Hyderabad, Mumbai, Surat, Ahmedabad, and Uttar Pradesh. The program’s objective is to increase the percentage of women within the organization to 25% by the year 2025.
Comprehensive Training Program
Selected candidates for the Women Branch Managers Program – LXP undergo a comprehensive one-month virtual training program facilitated by Manipal Global Skills Academy (MGSA). The training is tailored to equip future branch managers with essential skills such as resource management, marketing strategies, risk-reward trade-offs, process and control management, customer relationship management, stakeholder engagement, maintaining a quality asset portfolio, and driving growth and profitability. Soft skills and leadership training are also integral components of the program.
Empowering Women in Banking
The collaboration between HDFC Bank and Manipal Global Skills Academy demonstrates HDFC Bank’s commitment to diversity and inclusivity in the workplace. The partnership aims to empower women in the banking sector by providing them with cutting-edge training and fostering a diverse talent pool. By enabling women to excel in leadership roles, this strategic initiative promotes innovation, industry growth, and women’s economic empowerment.
Placement-Linked Training Model
The Leadership Excellence Program (LXP) follows a unique placement-linked training model, ensuring that participants are fully prepared for a successful career in the banking sector. Leveraging Manipal Global’s expertise in training methodologies, the program guarantees 100% readiness and productivity from day one. This model not only enhances the quality of talent in the banking industry but also addresses long-term employability at a national level.
Positive Outlook for a More Equitable Future
Vinay Razdan, CHRO of HDFC Bank, emphasizes that the Leadership Excellence Program reflects the bank’s dedication to diversity and inclusivity in the workplace. This strategic collaboration with Manipal Global Skills Academy not only delivers advanced training solutions but also contributes to the advancement of women in the banking sector. By championing this progressive move, HDFC Bank aims to foster innovation, promote a more equitable future, and drive the industry’s growth.
Promoting Change and Long-Term Employability
Robin Bhowmik, Chief Business Officer of Manipal Global Education Services Pvt Ltd, highlights the institution’s dedication to elevating talent in the Indian banking sector. Through their skilling initiatives, Manipal Global aims to improve talent quality and enhance professionals’ skills to drive financial growth. The Women Branch Manager Program for HDFC Bank is a significant step towards encouraging change within the industry, with a particular focus on diversity and inclusion. By addressing long-term employability on a national level, Manipal Global aims to create a positive impact in the banking industry.