HDFC Bank – Overview
Full Name: Housing Development Finance Corporation Bank Limited
Founded: August 1994
Headquarters: Mumbai, Maharashtra, India
CEO & MD (as of 2024): Sashidhar Jagdishan
Key Highlights:
- One of India’s largest private sector banks, both by assets and market capitalization.
- Offers a wide range of banking and financial services, including:
- Retail and corporate banking
- Credit cards and loans
- Investment and wealth management
- Insurance and mutual funds
- Internet and mobile banking
- Known for its strong technology infrastructure and early adoption of digital banking.
- Has a wide reach with over 7,800 branches and more than 20,000 ATMs across India.
- In July 2023, HDFC Ltd merged with HDFC Bank, creating one of the world’s largest banks by market capitalization.
Products & Services:
- Retail Banking: Savings accounts, personal loans, credit cards, auto loans, home loans
- Wholesale Banking: Corporate lending, trade finance, treasury services
- Digital Banking: NetBanking, MobileBanking App, PayZapp, and SmartHub
- Financial Services: Mutual funds, insurance, Demat accounts, investment advisory