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HDFC BANK

HDFC Bank was established in 1994 as one of India's first private sector banks. It has since grown to over 1400 branches and 3200 ATMs across India. In 2002, HDFC Bank merged with Times Bank and in 2008 it amalgamated with Centurion Bank of Punjab, increasing its deposits and assets. The bank utilizes advanced technology across its operations and offers personal and NRI banking services, including savings and checking accounts, loans, credit cards, investments and insurance. HDFC Bank is headquartered in Mumbai.

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19 views

HDFC BANK

HDFC Bank was established in 1994 as one of India's first private sector banks. It has since grown to over 1400 branches and 3200 ATMs across India. In 2002, HDFC Bank merged with Times Bank and in 2008 it amalgamated with Centurion Bank of Punjab, increasing its deposits and assets. The bank utilizes advanced technology across its operations and offers personal and NRI banking services, including savings and checking accounts, loans, credit cards, investments and insurance. HDFC Bank is headquartered in Mumbai.

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narasimhamusunuri
Copyright
© Attribution Non-Commercial (BY-NC)
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Download as DOCX, PDF, TXT or read online on Scribd
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HDFC BANK

Housing Development Finance Corporation Limited, more popularly known as HDFC


Bank Ltd, was established in the year 1994, as a part of the liberalization of the
Indian Banking Industry by Reserve Bank of India (RBI). It was one of the first banks
to receive an 'in principle' approval from RBI, for setting up a bank in the private
sector. The bank was incorporated with the name 'HDFC Bank Limited', with its
registered office in Mumbai. The following year, it started its operations as a
Scheduled Commercial Bank. Today, the bank boasts of as many as 1412 branches
and over 3275 ATMs across India.

Amalgamations
In 2002, HDFC Bank witnessed its merger with Times Bank Limited (a private sector
bank promoted by Bennett, Coleman & Co. / Times Group). With this, HDFC and
Times became the first two private banks in the New Generation Private Sector
Banks to have gone through a merger. In 2008, RBI approved the amalgamation of
Centurion Bank of Punjab with HDFC Bank. With this, the Deposits of the merged
entity became Rs. 1,22,000 crore, while the Advances were Rs. 89,000 crore and
Balance Sheet size was Rs. 1,63,000 crore.

Tech-Savvy
HDFC Bank has always prided itself on a highly automated environment, be it in
terms of information technology or communication systems. All the braches of the
bank boast of online connectivity with the other, ensuring speedy funds transfer for
the clients. At the same time, the bank's branch network and Automated Teller
Machines (ATMs) allow multi-branch access to retail clients. The bank makes use of
its up-to-date technology, along with market position and expertise, to create a
competitive advantage and build market share.

Capital Structure
At present, HDFC Bank boasts of an authorized capital of Rs 550 crore (Rs5.5
billion), of this the paid-up amount is Rs 424.6 crore (Rs.4.2 billion). In terms of
equity share, the HDFC Group holds 19.4%. Foreign Institutional Investors (FIIs)
have around 28% of the equity and about 17.6% is held by the ADS Depository (in
respect of the bank's American Depository Shares (ADS) Issue). The bank has about
570,000 shareholders. Its shares find a listing on the Stock Exchange, Mumbai and
National Stock Exchange, while its American Depository Shares are listed on the
New York Stock Exchange (NYSE), under the symbol 'HDB'.

Products & Services

Personal Banking

 Savings Accounts
 Salary Accounts
 Current Accounts
 Fixed Deposits
 Demat Account
 Safe Deposit Lockers
 Loans
 Credit Cards
 Debit Cards
 Prepaid Cards
 Investments & Insurance
 Forex Services
 Payment Services
 NetBanking
 InstaAlerts
 MobileBanking
 InstaQuery
 ATM
 PhoneBanking

NRI Banking

 Rupee Savings Accounts


 Rupee Current Accounts
 Rupee Fixed Deposits
 Foreign Currency Deposits
 Accounts for Returning Indians
 Quickremit (North America, UK, Europe, Southeast Asia)
 IndiaLink (Middle East, Africa)
 Cheque LockBox
 Telegraphic / Wire Transfer
 Funds Transfer through Cheques / DDs / TCs
 Mutual Funds
 Private Banking
 Portfolio Investment Schemes
 Loans
 Payment Services
 NetBanking
 InstaAlerts
 MobileBanking
 InstaQuery
 ATM
 PhoneBanking

Head Office
HDFC Bank
Ramon House, 169, Backbay Reclamation,
H T Parekh Marg, Churchgate
Mumbai - 400020
Phone: +91 (22) 66316000, 66636000, 66316060
Fax: +91 (22) 22048834
Website: www.hdfc.com

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