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HDFC Bank

HDFC Bank

HDFC Bank is an Indian banking and financial services company based in Mumbai. The bank has its presence in Bahrain, Hong Kong and Dubai as well. HDFC Bank provides a host of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans as well as personal loans, lifestyle loans, credit cards and more.

 

HDFC was among the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector. This approval by the RBI was part of the apex bank's liberalisation of the Indian banking industry in 1994.

 

 

Incorporated in August 1994 as HDFC Bank Limited, the company started its operations a Scheduled Commercial Bank in January 1995. Its first corporate office and service branch at Sandoz House in Mumbai's Worli was inaugurated in 1994 by then Union Finance Minister Manmohan Singh.

 

The bank's promoter, HDFC, is one of India's premier housing finance companies and received the RBI's approval to set up the bank on the back of its track record in the country as well as in the international markets. HDFC Bank has won multiple awards since its inception around 25 years ago. A WPP Plc study in 2015 named HDFC Bank as one of the most valuable brand in India.

 

 

BrandZ Top 50 Most Valuable Indian Brands ranked the bank as India's Most Valuable Brand for 4 years in a row. Forbes Asia had named HDFC Bank as one of the 'Fab 50 Companies' for nine years in a row. HDFC Bank was also named in Forbes' List of 5 companies that have shaped Asia, and the world.

 

 

In 2018, Dun & Bradstreet Corporate Award for the Best Bank was conferred on HDFC Bank. Federation of Indian Export Organisation (FIEO) also named it as the Best Bank in Export Finance - Non MSME in the same year.

"HDFC Bank began operations in 1995 with a simple mission: to be a 'World-class Indian Bank'. We realised that only a single-minded focus on product quality and service excellence would help us get there. Today, we are proud to say that we are well on our way towards that goal. It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally," mentions the bank.

When it comes to CSR, HDFC Bank mentions that it has so far impacted 8 million lives through its corporate social responsibility initiatives. Rural development, skill development and livelihood enhancement, promotion of education, healthcare and hygiene, and financial literacy and inclusion are some of the areas that HDFC Bank's CSR initiatives work around.

 

More Stories on HDFC Bank
HDFC Bank plans to double their retail assets book

HDFC Bank aims to double retail loans 

Sep 21, 2021

HDFC Bank head for retail assets Arvind Kapil stated that uncertainty is declining and demand improving as businesses seek to bolster growth

Under the partnership, HDFC Bank and Paytm will also introduce business credit cards.

HDFC Bank, Paytm to launch co-branded credit cards for millennials in October

Sep 20, 2021

The alliance will target deeper penetration in Tier II and Tier III markets, and enable faster acceleration of digitised payments across the country.

Stock Market Updates: Sensex down 300 points, Nifty below 17,500; Tata Steel tanks 5%

Stock Market Updates: Sensex down 300 points, Nifty below 17,500; Tata Steel tanks 5%

Sep 20, 2021

Tata Steel was the top loser in the Sensex pack, shedding over 5 per cent, followed by Bajaj Auto, IndusInd Bank, M&M, Axis Bank and HDFC.

Kotak Bank was the top  Sensex gainer, rising 5.26 per cent, followed by Bharti Airtel, HDFC Bank, Maruti, Axis Bank and Nestle India.

Sensex, Nifty likely to open lower amid mixed global cues

Sep 20, 2021

On September 17, benchmark indices ended lower after scaling record highs as investors booked profits at higher levels.

On Sensex, IndusInd Bank was the top gainer, rising 13.03% and Tata Steel was the top loser, falling 4.29% during the week.

Sensex, Nifty end week in green; banking shares lead gains

Sep 18, 2021

Among BSE sectoral indices, BSE bankex was the top gainer (pointwise), zooming 3.46% or 1,447 points to 43,262 during the last five trading sessions

During the last week, the 30-share BSE benchmark jumped 710 points or 1.21 per cent

M-cap of four of top-10 most-valued cos zooms over Rs 65,000 cr; Airtel, SBI lead gainers

Sep 19, 2021

From the top-10 list, Reliance Industries Limited, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank and Bajaj Finance were the laggards, whose cumulative erosion was at Rs 43,746.79 crore

Tata Steel, SBI, TCS and Reliance Industries were among the top Sensex losers, falling up to 3.57%.

Sensex, Nifty fall off record highs on profit-booking; metal, IT shares top losers

Sep 17, 2021

Sensex closed 125.27 points lower at 59,015 and Nifty slipped 44.35 points to 17,585

The lower interest rate regime is here to stay for the time being and it brings in a lot of relief to existing home loan customers

Is it a good idea to buy house during this festive season?

Sep 14, 2021

Kotak Mahindra Bank recently slashed its home loan interest rates from 6.65% to 6.5% as a festive season offer. Other banks are expected to follow Kotak Mahindra Bank's footsteps as well

Stocks in news: Zee Entertainment, Vodafone Idea, Infosys, HCL Tech and more

Stocks in news: Zee Entertainment, Vodafone Idea, Infosys, HCL Tech and more

Sep 14, 2021

On September 13, the benchmark indices closed lower led by losses in index heavyweights Reliance Industries, ICICI Bank and HDFC Bank

Reliance Industries was the top Sensex loser, shedding 2.22 per cent, followed by ICICI Bank, HUL, HDFC Bank, M&M, Ultra Cement, IndusInd Bank and Tech Mahindra.

Sensex, Nifty likely to open higher amid mixed global cues

Sep 14, 2021

On September 13, benchmark indices closed lower led by losses in index heavyweights Reliance Industries, ICICI Bank and HDFC Bank

 Reliance Industries was the top Sensex loser, shedding 2.22 per cent, followed by ICICI Bank, HUL, HDFC Bank, M&M, Ultra Cement, IndusInd Bank and Tech Mahindra.

Sensex, Nifty end lower; banking, energy shares lead losses

Sep 13, 2021

Reliance Industries was the top Sensex loser, shedding 2.22 per cent, followed by ICICI Bank, HUL, HDFC Bank, M&M, Ultra Cement, IndusInd Bank and Tech Mahindra