HDFC Bank Net Worth is25.2 $Billion
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Company Name: HDFC Bank Limited
Type: Public
Traded As: 500180, BSE SENSEX
Location: Mumbai, Maharashtra, India
Key People: Mr Aditya Puri (Managing Director)
Foundation: August 1994
Area Served: Worldwide
Industry: Banking, Financial services
Products: Credit cards, Retail banking, Commercial bank, Financial services, investment banking, mortgage loans, private banking, private equity, wealth managementurl
Revenue: url
Operating Income: net income
Assets: equity
Num Employees: 66,076 (2012) Homepage: http://www.hdfcbank.com//HDFCBank.com
Intl: yes
HDFC Bank Limited (BSE: 500180, NSE: HDFCBANK, NYSE: HDB) is an Indian financial services company based in Mumbai, Maharashtra that was incorporated in August 1994. HDFC Bank is the fifth or sixth largest bank in India by assets and the first largest bank by market capitalization as of November 1, 2012. The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India. As on October 2012, HDFC Bank has 2,544 branches and over 10,000 ATMs, in 1,399 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. For the fiscal year 2010-11, the bank has reported net profit of 3,926.30 crore (US$714.59 million), up 33.1% from the previous fiscal. Total annual earnings of the bank increased by 20.37% reaching at 24,263.4 crore (US$4.42 billion) in 2010-11. HDFC Bank is one of the Big Four banks of India, along with: State Bank of India, ICICI Bank and Punjab National Bank.
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./The 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.[

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HDFC Bank MD Aditya Puri says more regulations needed for housing finance, mutual fund companies

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Posted: November 15, 2018, 4:22 am

This Bank Offers Highest Return On 1-Year FD Scheme

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