HDFC
HDFC
in Mumbai, India. The Bank commenced operations as a Scheduled Commercial Bank in January 1995.
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in
principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the
RBI's liberalization of the Indian Banking Industry in 1994.
Headquartered in Mumbai, HDFC Bank, has a network of over 531 branches spread over 228 cities across
India. All branches are linked on an online real-time basis.
Customers in over 120 locations are serviced through
Telephone Banking. The Bank also has a network of about over 1054 networked ATMs across these cities.
HDFC Bank's ATM network can be accessed by all domestic and international Visa / MasterCard, Visa
Electron / Maestro, Plus / Cirrus and American Express Credit / Charge cardholders.
HDFC Bank has won many awards for its excellent service. Major among them are "Best Bank in India" by
Hong Kong-based Finance Asia magazine in 2005 and "Company of the Year" Award for Corporate
Excellence 2004-05.
BUSINESS SUMMARY
HDFC Bank Limited provides various financial products and services. It operates in three segments: Personal Banking, NRI
Banking, and Wholesale Banking. The Personal Banking segment provides savings, and current and fixed deposit accounts. It
also offers personal, home, two wheeler, new car, used car, gold, education, healthcare, commercial vehicle, working capital,
construction equipment, and warehouse receipt loans. In addition, this segment provides safe deposit lockers; credit, debit, and
prepaid cards; mutual funds, general and health insurance, bonds, and equities and derivatives products; and forex and payment
services. The NRI Banking segment's deposit products include rupee savings accounts, rupee current accounts, rupee fixed
deposits, foreign currency deposits, and accounts for returning Indians. Its loan products comprise home loans, loans against
securities, loans against deposits, and gold credit cards. The Wholesale Banking segment offers funded services, which consist of
working capital finance, short term finance, bill discounting, and export credit; and non-funded services, such as letters of credit,
bank guarantees, and collection of documents to corporations, and small and medium enterprises. It also various services to
banks, financial institutions, mutual funds, stock brokers, insurance companies, commodity businesses, and trusts. As of March
31, 2008, it had a network of 761 branches and 1,977 automated teller machines in 327 cities in India. The company was founded
Savings Plus Account Two Wheeler Loans General & Health Insurance