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Siva Company Profile

This document contains information about HDFC Bank. It begins with a certificate allowing a student named Iqbal Basha Shaik to complete an internship with HDFC Bank. It then provides details about HDFC Bank, including that it was one of the first private sector banks in India, being established in 1994. It discusses HDFC Bank's promoter, business focus, capital structure, acquisition of Times Bank, distribution networks, management, technology uses, and financial services.

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SureshArigela
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73 views5 pages

Siva Company Profile

This document contains information about HDFC Bank. It begins with a certificate allowing a student named Iqbal Basha Shaik to complete an internship with HDFC Bank. It then provides details about HDFC Bank, including that it was one of the first private sector banks in India, being established in 1994. It discusses HDFC Bank's promoter, business focus, capital structure, acquisition of Times Bank, distribution networks, management, technology uses, and financial services.

Uploaded by

SureshArigela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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6-1-73, Ground & 3rd Floor,

Sayyad Plaza, Lakdi-ka-Pool,


HYDERABAD 500 004.
Tel No: 040-23530036/53
Fax: 040-23230349.

28-11-2007.

TO WHOM SO EVER IT MAY CONCERN


This is to certify that Mr. Iqbal Basha Shaik pursuing his MBA in
Thangavelu College of Science and Management. Has been allowed to
pursue project cum on- the-job training in the central Finance team of the
Finance Department for the partial fulfillment of his M.B.A Programme at our
concern for a period of 90 days.

HDFC Bank
Authority signatory

COMPANY PROFILE
The Housing Development Finance Corporation limited (HDFC) was
amongst the first to receive in principle approval from the Reserve Bank of India
(RBI) to set up a bank in private sector, as part of the RBIs liberalization of India
Banking in 1994.
The Bank was incorporated in the Year August 1994 in the name of
Housing Development Finance Corporation limited, with its register office in
Mumbai, India. HDFC Bank commenced its operations as a scheduled commercial
bank in January 1995.
1. Promoter.
2. Business focus.
3. Capital structure.
4. Times Bank Amalgamation.
5. Distribution networks.
6. Management.
7. Technology.

Promoter
HDFC is Indias premier housing finance company and enjoys an
impeccable track record in India as well as in international markets. Since its
inception in 1997, the corporation has maintained a consistent and healthy growth
in its operations to remain the marker leader in mortgages. Its outstanding loan
portfolio covers well over a million dwelling units. HDFC has developed
significant expertise in retail mortgage loans to different marker segments and also
has a large corporate client base for its housing related credit facilities.

Business focus
HDFC Bank mission is to be a world-class Indian Bank. The objective is to
build sound customer franchises across distinct businesses. So as to be the
preferred provider of banking services for target retail and wholesale profitability,
consistent with the banks risk appetite. The bank is committed to maintain the
highest level of ethical standards, professionals integrity, corporate governance
and regulatory compliance.
HDFC Banks business philosophy is based on four core values.
Operational Excellence.
Customer focus.
Product leader ship and
People

Capital Structure
The authorized of HDFC Bank is 450 crore (Rs. 4.5 billion). The paid up
capital is 311.9crore (Rs. 3.1 billion), the HDFC group holds 22.1% of the equity
is held by the ADS depository (America Depository share). For foreign
institutional investors 31.3% of equity and the bank has about 1,90,000 share
holders.

Times Bank Amalgamation


In a milestone transaction in the Indian Banking industry, Times Banking
Industry, times bank limited (another new private sector bank promoted by Bennett
Coleman & co-times group) was merged with HDFC bank ltd., on February 26,
2000. As per the scheme of amalgamation approved by the scheme of
amalgamation approved by the share holders of both banks and RBI shareholders
of Times bank received by the share holders of banks and RBI, shareholders of
Times bank receive 1 share of HDFC bank for every 5.75 share of Times Bank.
The acquisition added significant value of HDFC bank in terms of
Increased branch networks.

Expanded geographic reach.


Enhanced customer base
Skilled manpower and the opportunity to cross-sell

Distribution Networks
HDFC bank is headquartered in Mumbai. The bank at present has enviable
network of 546 branches spread over 228 cities across India. All branches are
linked on an on-line real time basis. Customers in over 120 locations are serviced
through Telephone banking. The banks expansion plans take into account the need
to have the presence in all major industrial and commercial centers where its
corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products.
The bank also has a network of over 1054 network and 2000 ATMs across
the cities. Moreover, HDFC banks ATM network can be accessed by all domestic
and international Visa/ Master card / Visa electron/Maestro etc.

Management
Mr. Jagadish Kumar over as banks Chairman in July 2001. Prior to this Mr.
Jagadish Kapoor was the deputy Governor of the Reserve Bank of India.
The Managing Director, Mr. Aditya Puri, has been a Professional banker for
over 25 years and before joining HDFC bank in 1994 was heading Citibanks
operations in Malaysia.
The banks Board of directors are composed of eminent individuals with a
wealth of experience in Public policy, Administration, Industry and Commercial
Banking. Senior executives representing HDFC are also on the Board. Senior
banking professionals with substantial experience in India and abroad had various
businesses and functions and report to the Managing director.

Technology
HDFC bank operate in a highly automated environment in terms of
information technology and communicate systems. All the banks branches have
online connectivity, which enables the bank to offer speedy funds transfer facilities

to its customers, Multi-branch access is also provided to retail customers through


the branch network and Automated Teller Machines (ATMs).
The bank has made substantial efforts and investments in acquiring the best
technology available internationally, to build the infra structure for a world class
bank. The bank has prioritized its engagements technology and the internet as one
its key goals and has already made significant progress in web-enabling its core
businesses.

HDFC BANK FINANCIAL SERVICES


Home loans
Forex service
Car loans
Investment service
Insurance
Personal loans
Vehicle loans
NRI services
Loan against shares
Credit cards.

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