HDFC Bank

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HDFC Bank

  • 4,804 branches
  • 12,808 ATM's in 2,666 cities/towns
  • Total Income of Rs 954.62 billion (US$ 14.81 billion) in FY18
  • Won the Best Bank Award at the Dun & Bradstreet Corporate Awards 2018

HDFC Bank Limited (the Bank) is a holding company. The bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The bank's segments include treasury, retail banking, wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The retail banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The bank provides its corporate and institutional clients a range of commercial and transactional banking products. The other banking business segment includes income from para banking activities.

Company Website: www.hdfcbank.com/

HDFC Bank: We understand your world

2018 Launched Accelerator Engagement Programme (AEP), where HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions.
2011 Launched its new credit card offering called Infinia in direct competition with global credit card major, American Express(Amex) .The new HDFC product is exclusively for the bank's high net worth and super rich clients in the country.
2005 HDFC Bank ties up with the International Bank of Qatar (IBQ) to launch banking services in Qatar.
2003 HDFC Bank launches India's first mobile payment solution.
2001 The bank has opened its first branch in Aurangabad. HDFC Standard Life Insurance has entered into a memorandum of understanding with the Chennai-based Indian Bank.
2000 A new company called SESAMi.com (India) has been formed by a strategic alliance between HDFC Bank and Singapore Telecom's e-commerce company SESAMi.com, to offer e-commerce solutions for the Indian market.
1994 The Bank was Incorporated on August 30, 1994. A new private sector Bank promoted by housing Development Corporation Ltd. (HDFC), a premier housing finance company. The bank is the first of its kind to receive an in-principle approval from the RBI for establishment of a bank in the private sector. Certificate of Commencement of Business was received on October 10, 1994 from RBI.

 

Updated: October, 2018

Banking
Total credit extended in India reached US$ 1.3 trillion as of Q1 FY19.