HDFC Bank

The Housing Development Finance Corporation Limited was amongst the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was set up in India in August 1994 in the name of 'HDFC Bank ltd.' with its registered office in Mumbai. HDFC bank began its operations as a scheduled commercial bank in January 1995.

The authorized capital of HDFC bank is Rs.550 crores and the paid up capital being Rs. 424.6 crores. The HDFC Group holds 19.4% of the bank's equity and about 17.6% of the equity is shared by ADS depository. The bank has about 570,000 shareholders.

The HDFC Bank has a country wide network of 746 bank branches and over 1647 ATMs across 329 Indian cities and towns. The bank has expertise mostly in mortgages, besides a wide range of commercial and transactional banking services to provide to its customers. It also deals in wide array of loan products including Auto Loans, Loans against marketable securities, Personal Loans and Loans for Two-wheelers. For the retail customers, the bank provides Depository Participant (DP) services to let the customers hold their investments in the electronic form.

Products:

• Accounts and Deposits
• Loans
• Credit Card
• Debit Card
• Investments and Insurances
• Forex and Trade Services
• Payment Services
• Private Banking