HDFC Bank

From Wikipedia, the free encyclopedia

Jump to: navigation, search
HDFC Bank Ltd.

Public
Type
(BSE: 500180, NYSE: HDB)
Banking
Industry
Financial services
Founded August 1994
Founder(s) Bibu Verghese
Headquarters Mumbai, India
C.M. Vasudev
(Chairman)
Key people
Anand Dubey
(MD)

Investment Banking
Commercial Banking
Retail Banking
Products Private Banking
Asset Management
Mortgages
Credit Cards[1]

▲ 20,266.99 crore (US$ 4.6 billion)

Revenue
[2]
(2010)

▲ 4,419.01 crore (US$ 1 billion) (2010)

Operating income
[2]

▲ 3,032.92 crore (US$ 688.47 million)

Profit
[2]
(2010)

Total assets ▲ US$ 39.723 billion (2009)[2]

Total equity ▼ 21,158.15 crore (US$ 4.8 billion)
 [2]
(2010)

Employees 51,888 (2010)[3]

Website HDFCBank.com
HDFC Bank Ltd. (BSE: 500180, NYSE: HDB) is a major Indian financial services company
based in India, incorporated in August 1994,owner of Mr. Vinayak Panchal(Business tycoon of
India owner of $55Bn ), after the Reserve Bank of India allowed establishing private sector
banks. The Bank was promoted by the Housing Development Finance Corporation, a premier
housing finance company (set up in 1977) of India. HDFC Bank has 1,725 branches and over
4,232 ATMs, in 779 cities in India, and all branches of the bank are linked on an online real-time
basis. As of 30 September 2008 the bank had total assets of Rs.1006.82 billion.[4] For the fiscal
year 2008-09, the bank has reported net profit of 2,244.9 crore (US$ 509.59 million), up 41%
from the previous fiscal. Total annual earnings of the bank increased by 58% reaching at
19,622.8 crore (US$ 4.45 billion) in 2008-09.[5]

Contents
[hide]
• 1 History
• 2 Business focus
○ 2.1 Wholesale banking services
○ 2.2 Retail banking services
○ 2.3 Treasury
• 3 Distribution network
• 4 References
• 5 External links

[edit] History
HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited
(HDFC), India's largest housing finance company. It was among the first companies to receive
an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private
sector. The Bank started operations as a scheduled commercial bank in January 1995 under the
RBI's liberalisation policies.
Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with
HDFC Bank Ltd., in 2000. This was the first merger of two private banks in India. Shareholders
of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times Bank.
In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than
1,000. The amalgamated bank emerged with a base of about Rs. 1,22,000 crore and net advances
of about Rs.89,000 crore. The balance sheet size of the combined entity is more than Rs.
1,63,000 crore.
[edit] Business focus
HDFC Bank deals with three key business segments - Wholesale Banking Services, Retail
Banking Services, Treasury. It has entered the banking consortia of over 50 corporates for
providing working capital finance, trade services, corporate finance and merchant banking. It is
also providing sophisticated product structures in areas of foreign exchange and derivatives,
money markets and debt trading and equity research.
[edit] Wholesale banking services
The Bank's target market ranges from large, blue-chip manufacturing companies in the Indian
corp to small & mid-sized corporates and agri-based businesses. For these customers, the Bank
provides a wide range of commercial and transactional banking services, including working
capital finance, trade services, transactional services, cash management, etc. The bank is also a
leading provider of structured solutions, which combine cash management services with vendor
and distributor finance for facilitating superior supply chain management for its corporate
customers. HDFC Bank has made significant inroads into the banking consortia of a number of
leading Indian corporates including multinationals, companies from the domestic business
houses and prime public sector companies. It is recognized as a leading provider of cash
management and transactional banking solutions to corporate customers, mutual funds, stock
exchange members and banks.
[edit] Retail banking services
[[The objective of the Retail Bank is to provide its target market customers a full range of
financial products and banking services, giving the customer a one-stop window for all his/her
banking requirements. The products are backed by world-class service and delivered to
customers through the growing branch network, as well as through alternative delivery channels
like ATMs, Phone Banking, NetBanking and Mobile Banking.]] [[HDFC Bank was the first bank
in India to launch an International Debit Card in association with VISA (VISA Electron) and
issues the Mastercard Maestro debit card as well. The Bank launched its credit card business in
late 2001. By March 2009, the bank had a total card base (debit and credit cards) of over 13
million. The Bank is also one of the leading players in the “merchant acquiring” business with
over 70,000 Point-of-sale (POS) terminals for debit / credit cards acceptance at merchant
establishments.]] The Bank is well positioned as a leader in various net based B2C opportunities
including a wide range of internet banking services for Fixed Deposits, Loans, Bill Payments,
etc.
[edit] Treasury
Within this business, the bank has three main product areas - Foreign Exchange and Derivatives,
Local Currency Money Market & Debt Securities, and Equities. These services are provided
through the bank's Treasury team. To comply with statutory reserve requirements, the bank is
required to hold 25% of its deposits in government securities. The Treasury business is
responsible for managing the returns and market risk on this investment portfolio.
[edit] Distribution network

An HDFC Bank Branch

HDFC Bank is headquartered in Mu mbai. The Bank has an
network of 1,725 branches spread in 771 cities across India. All branches are linked on an online
real-time basis. Customers in over 500 locations are also serviced through Telephone Banking.
The Bank has a presence in all major industrial and commercial centres across the country. Being
a clearing/settlement bank to various leading stock exchanges, the Bank has branches in the
centres where the NSE/BSE have a strong and active member base.
The Bank also has 3,898 networked ATMs across these cities. Moreover, 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.
[edit] References
1. ^ "HDFC_Bank_Annual_Report_0809". //www.hdfcbank.com.
http://www.hdfcbank.com/common/pdf/corporate/HDFC_Bank_Annual_Report_0809_I.
pdf. Retrieved 2010-07-26.
2. ^ a b c d e "Financial Tables". HDFC Bank Investor Relations.
http://www.bseindia.com/qresann/detailedresult_cons.asp?
scrip_cd=500180&qtr=65.5&compname=HDFC%20BANK
%20LTD.&quarter=MC2009-2010&checkcons=55c. Retrieved 2010-06-19.
3. ^ "HDFC Bank Directors Report, HDFC Bank Reports by Directors".
Moneycontrol.com. http://www.moneycontrol.com/annual-report/hdfcbank/directors-
report/HDF01. Retrieved 2010-07-26.
4. ^ "HDFC bank shrinks advances - Livemint 14th January 2009". Livemint.com. 2009-
01-14. http://www.livemint.com/2009/01/14225111/HDFC-Bank8217s-advances-
shr.html. Retrieved 2010-08-20.
5. ^ Share Manthan : http://www.sharemanthan.in/index.php/indian-companies/54-
banking/2149-hdfc-bank
[edit] External links
• Official site
• Meritus Scholarship Program - Online Registration Form
• List of HDFC Bank IFSC Codes
• Find IFSC Code of all HDFC BANK branches in India, or Branch Details by IFSC Code

Companies portal
 [show]
v•d•e

BSE Sensex companies of India

ACC · Airtel · BHEL · Cipla · DLF ·

Jindal Steel & Power Ltd · HDFC ·
HDFC Bank · Hero Honda · Hindalco ·
HUL (formerly HLL) · ICICI Bank ·
Infosys · ITC · Jaiprakash Associates ·
L&T · Maruti · Mahindra & Mahindra
Ltd · NTPC · ONGC · Reliance Comm. ·
Reliance Energy · RIL · SBI · Sterlite
Industries · TCS · Tata Motors · Tata
Steel · Tata Power Company Ltd ·
Wipro

All-time BSE Sensex companies

[show]
v•d•e

Banking in India

C
e
n
t
r
a
lReserve Bank of India

b
a
n
k

NAllahabad Bank · Andhra Bank · Bank of Baroda · Bank of India · Bank of Maharashtra · Canara
a
Bank · Central Bank of India · Corporation Bank · Dena Bank · IDBI Bank · Indian Bank ·
t
iIndian Overseas Bank · Oriental Bank of Commerce · Punjab & Sind Bank · Punjab National
oBank · Syndicate Bank · UCO Bank · Union Bank of India · United Bank of India · Vijaya Bank
n
a
l
i
s
e
d

b
a
n
k
s

S
t
a
t
e

B
aState Bank of India · State Bank of Bikaner & Jaipur · State Bank of Hyderabad · State Bank of
nIndore · State Bank of Mysore · State Bank of Patiala · State Bank of Travancore
k

G
r
o
u
p

P
r
i
v
aAxis Bank · Bank of Rajasthan · Bharat Overseas Bank · Catholic Syrian Bank · Dhanalakshmi
tBank · South Indian Bank · City Union Bank · Federal Bank · HDFC Bank · ICICI Bank ·
eIndusInd Bank · ING Vysya Bank · Jammu & Kashmir Bank · Karnataka Bank Limited · Karur
Vysya Bank · Kotak Mahindra Bank · Lakshmi Vilas Bank · Nainital Bank · Ratnakar Bank ·
b
aSaraswat Bank · Tamilnad Mercantile Bank Limited · Yes Bank
n
k
s

FABN AMRO · Abu Dhabi Commercial Bank · Antwerp Diamond Bank · Arab Bangladesh
o
Bank · Bank International Indonesia · Bank of America · Bank of Bahrain & Kuwait · Bank of
r
eCeylon · Bank of Nova Scotia · Bank of Tokyo Mitsubishi UFJ · Barclays Bank · Citibank
iIndia · HSBC · Standard Chartered · Deutsche Bank · Royal Bank of Scotland
g
n

b
a
n
k
s

R
e
g
i
o
n
a
l

RNorth Malabar Gramin Bank · South Malabar Gramin Bank · Pragathi Gramin Bank · Shreyas
uGramin Bank
r
a
l

b
a
n
k
s

F
i
n
a
n
c
i
a
lReal Time Gross Settlement(RTGS) · National Electronic Fund Transfer (NEFT) · Structured
Financial Messaging System (SFMS) · CashTree · Cashnet · Automated Teller Machine (ATM)
S
e
r
v
i
c
e
s
Retrieved from "http://en.wikipedia.org/wiki/HDFC_Bank"
Categories: Companies listed on the Bombay Stock Exchange | Companies listed on the New
York Stock Exchange | Banks of India | Economy of Mumbai | Economy of Maharashtra |
Companies based in Mumbai | Banks established in 1994
Personal tools
• New features
• Log in / create account
Namespaces
• Article
• Discussion
Variants
Views
• Read
• Edit
• View history
Actions
Search
Top of Form
Special:Search

Bottom of Form
Navigation
• Main page
• Contents
• Featured content
• Current events
• Random article
• Donate
Interaction
• About Wikipedia
• Community portal
• Recent changes
• Contact Wikipedia
• Help
Toolbox
• What links here
• Related changes
 • Upload file
• Special pages
• Permanent link
• Cite this page
Print/export
• Create a book
• Download as PDF
• Printable version
Languages
• Deutsch
• Français
• 日本語
• தமிழ்
• This page was last modified on 3 November 2010 at 09:08.
• Text is available under the Creative Commons Attribution-ShareAlike License;
additional terms may apply. See Terms of Use for details.
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit
organization.
• Contact us
• Privacy policy
• About Wikipedia
• Disclaimers

•
India Business Directory
Top of Form

Search

Bottom of Form
Banks in India

• Axis Bank
• Allahabad Bank
• American Express Bank Ltd
• Andhra Bank
• ABN AMRO Bank
• Arab Bangladesh Bank
• Bank Muscat (S A O G)
• Bank Of America
• Bank Of India
• Bank Of Baroda India
• Bank of Maharashtra
• Bank of Punjab
• Bank of Rajasthan
• Bharat Overseas Bank
• Barclays Bank PLC
• Canara Bank India
• Centurion Bank Ltd
• Citibank
• Corporation Bank
• Cosmos Co-operative Bank
• Ceylon Bank
• Catholic Syrian Bank
• DBS Bank Ltd.
• Dena Bank
• Dhanlakshmi Bank Ltd
• Deutsche Bank India
• Development Credit Bank
• Export-Import Bank Of India
• Federal Bank India
• Global Trust Bank Ltd
• HDFC Bank India
• Hongkong Shanghai Banking
• ICICI Bank Ltd
• IDBI Bank Ltd
• Indian Overseas Bank
• IndusInd Bank Ltd
• Industrial Development Bank
• ING Vysya Bank Ltd
• Ind Bank Housing Ltd
• Jammu and Kashmir Bank
• JP Morgan Chase Bank
• Karnataka Bank
• Karur vysya Bank Limited
• Kotak Mahindra Bank
• Lakshmi Vilas Bank
• Lord Krishna Bank
• Mizuho Corporate Bank
• North Knara G.S.B. Co-operative Bank
• Oriental Bank of Commerce
• Punjab and Sind Bank
• Punjab National Bank
• Reserve Bank Of India
• Ratnakar Bank
• Standard Chartered Bank
• State Bank Of India
• State Bank Of Indore
• State Bank of Hyderabad
• State Bank of Patiala
• State Bank of Mysore
• State Bank of Travancore
• State Bank Of Bikaner & Jaipur
• Syndicate Bank India
• SBI Commercial
• Shamrao Vithal Co-operative Bank
• South Indian Bank
• Tamilnad Mercantile Bank
• The Nainital Bank Ltd.
• Union Bank Of India
• United Bank of India
• UCO Bank
• Vijaya Bank
• YES BANK India

• Home
• Companies
 • Insurance
• Stocks
• Finance
• Banks
• Contact
• Last Updated On: January 1, 2001
Home » Banks in India » HDFC Bank , India

HDFC Bank , India

About HDFC Bank

HDFC Bank marked the beginning of its services in the year 1995 with setting a loud
and clear message that it wants to become a "World-class Indian Bank". It always
believed in winning the hearts of its customers with quality products and services. It
is the sole reason why today HDFC has been able to achieve both national and
international acclaim.

Background of HDFC Bank

Housing Development Finance Corporation Limited (HDFC) was arguably the first to
obtain RBI's 'in-principle' approval to foray into private sector bank. This came into
effect when RBI was implementing liberalization process to improve the banking
industry of India in 1994. In 1994, the name changed to HDFC Bank Limited. It
started its function as a Scheduled Commercial Bank in January 1995.

Products and Services of HDFC Bank

HDFC Bank offers its customers a large number of products and services to meet
their diverse needs and requirements. The vast range of products and services of
the bank is composed of:

Personal Banking

• Private Banking
• Accounts and Deposits
○ Savings Accounts, Salary Accounts, Current Accounts, Fixed Deposits,
Recurring Deposit, Demat Account, Safe Deposit Lockers
• Credit, Debit and Pre-paid Cards
○ Silver Credit Card, Titanium Credit Card, Value Plus Credit Card, Visa
Signature Credit Card, Corporate Platinum Credit Card, Purchase Card,
EasyShop Gold Debit Card, EasyShop International Debit Card,
 EasyShop International Business Debit Card, EasyShop Titanium Debit
Card, MoneyPlus Card, ForexPlus Chip Card
• Investments and Insurance
○ Mutual Funds, Insurance, Tax Planning, Bonds, General & Health
Insurance, Equities & Derivatives, Knowledge Centre, Mudra Gold Bar
• Forex and Trade Services
○ Products & Services, Forex Services Branch Locator, RBI Guidelines,
Forex Limits
• Loans
○ Personal Loans, SmartDraft, Home Loans, Two Wheeler Loans, New Car
Loans, Used Car Loans, Working Capital Finance, Commercial Vehicle
Finance, Tractor Loans, Health Care Finance, Loans Against Rental
Receivables, Warehouse Receipt Loans, Loan Against Property
NRI Banking
• Accounts and Deposits
○ Rupee Savings Accounts, Rupee Current Accounts, Rupee Fixed
Deposits, Foreign Currency Deposits, Accounts for Returning Indians,
Compare Accounts
• Investments and Insurance
○ Mutual Funds, Private Banking, Portfolio Investment Schemes
• Payment Services
○ NetSafe, InstaPay, BillPay, DirectPay, Online Donation, Visa Money
Transfer
• Remittances
○ Funds Transfer Cheques / DDs / TCs, Quickremit, Cheque LockBox,
Quickremit
• Loans
○ Home Loans, Loans Against Securities, Loans Against Deposits
Wholesale Banking

• Government Sector
• Small and Medium Enterprises
○ Funded Services, Non-Funded Services, Specialized Services, Value
Added Services, Internet Banking
• Financial Institutions & Trusts
○ Clearing Sub-membership, RTGS – Sub membership, Funds Transfer,
ATM Tie-ups, Tax Collection, Corporate Salary Accounts, Cash
Management Services, Derivatives Desk, Money Market Desk, Forex
Desk, Custodial Service, Mutual Funds, Stock Brokers, Insurance
Companies, Commodity Businesses, Participation in RBI Auctions, SGL
Maintenance
 • Corporates
○ Funded Services, Non Funded Services, Value Added Services, Internet
Banking, Supply Chain Partners (Dealer Financing, Vendor Financing),
Agricultural Lending
Awards and Recognition of HDFC Bank

HDFC Bank has received many awards and accolades between 2007 and 2009. The
list goes like this:

• Dun & Bradstreet – American Express Corporate Best Bank Award 2007
• Nasscom IT User Award 2008
• Asian Banker Best Retail Bank in India Award 2009
• Fe Best Bank Awards 2009
• UTI MF-CNBC TV18 Financial Advisor Awards 2009
• Euromoney Awards 2009
• Asia Money 2009 Awards
• IBA Banking Technology Awards 2009
• IDRBT Banking Technology Excellence Award 2008
Head Office of HDFC Bank

HDFC Bank
Ramon House, 169, Backbay Reclamation,
H T Parekh Marg, Churchgate
Mumbai – 400020

For Housing Loans in Mumbai -

Phone: +91 (22) 66636000

For Deposits -
Phone: +91 (22) 66316060
For Others -
Tel: +91 (22) 66316000
Fax: +91 (22) 22048834

Related Links

• Top 10 Banking Companies

• Nationalised Banks
 • Private Banks
• Commercial Banks
• Bank Jobs in India
• Bank Exams in India
• Bank Loans in India
• Online Banking in India
• Bank Branches
• Bank ATM Locator
• Central Bank
• Export-Import Bank Of India
• India Banking Industry
• Investment Banks
• Banking Glossary
• Budget Impact on Banking
• Mortgage Banking
• About Us
• Feedback
• Privacy Policy
• Site Map
• XML Site Map
• Link To Us
• RSS Feeds

Copyright 1999-2010 Mapsofindia.com

Compare Infobase Limited (An ISO 9001:2000 Certified Company)
ALL RIGHTS RESERVED