HDFC Bank

HDFC Bank is one of the largest private sector banks in India, offering a wide range of financial products and services to individuals, businesses, and corporates. Here is an overview of the history, profile, and financials of HDFC Bank:

History:
HDFC Bank was founded in 1994 by Housing Development Finance Corporation Limited (HDFC) as a part of its strategy to enter the banking sector. The bank began operations in January 1995, with its first branch in Mumbai. Over the years, the bank has grown to become one of the leading private sector banks in India, with a pan-India network of over 5,600 branches and more than 16,000 ATMs.

Profile:
HDFC Bank is headquartered in Mumbai, India, and has a presence in 2,895 cities and towns in India. The bank offers a wide range of products and services, including savings and current accounts, fixed deposits, loans, credit cards, debit cards, insurance, and investment products. It also offers digital banking services, including mobile banking and internet banking.

Financials:
HDFC Bank has consistently reported strong financial performance over the years. In the financial year 2020-21, the bank reported a total income of INR 1,10,464 crore (approx. USD 14.8 billion) and a net profit of INR 31,116 crore (approx. USD 4.2 billion). Its total assets as of March 31, 2021, stood at INR 16.5 lakh crore (approx. USD 222 billion). The bank's market capitalization as of September 30, 2021, was over INR 9.70 lakh crore (approx. USD 130 billion).

HDFC Bank has received numerous awards and recognition for its performance and innovation in the banking sector. It has been named 'Best Bank in India' by leading financial publications such as Euromoney, The Banker, and Global Finance, among others. The bank has also been recognized for its digital banking services and customer experience.

The Housing Development Finance Corporation Limited (HDFC) Bank is a leading private sector bank in India for banking services, retail banking.

The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Domestic Deposit Rates, Base Rate, Benchmark PLR, Forex Rates, Gold & Silver Rates etc. are available on the website.

HDFC banks products include Personal banking, NRI banking, Wholesale banking.


Mail your letters at:
HDFC Bank
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai, India - 400 013.

Web : http://www.hdfcbank.com/