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    HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the fifth largest bank in India by assets and first by market capitalization. HDFC Bank provides both retail and corporate banking services including consumer banking, corporate banking, investment banking, credit cards, loans and wealth management. As of 2012, HDFC Bank operated over 2,700 branches across India with over 10,000 ATMs and had total assets of over $70 billion.

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    HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the fifth largest bank in India by assets and first by market capitalization. HDFC Bank provides both retail and corporate banking services including consumer banking, corporate banking, investment banking, credit cards, loans and wealth management. As of 2012, HDFC Bank operated over 2,700 branches across India with over 10,000 ATMs and had total assets of over $70 billion.

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    57 views4 pages

    HDFC Bank: Navigation Search

    Uploaded by

    Mukesh Jakhar
    HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the fifth largest bank in India by assets and first by market capitalization. HDFC Bank provides both retail and corporate banking services including consumer banking, corporate banking, investment banking, credit cards, loans and wealth management. As of 2012, HDFC Bank operated over 2,700 branches across India with over 10,000 ATMs and had total assets of over $70 billion.

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    HDFC Bank

    From Wikipedia, the free encyclopedia

    Jump to: navigation, search This article has multiple issues. Please help improve it or discuss these issues on the talk page. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (June 2012) This article appears to be written like an advertisement. Please help improve it by rewriting promotional content from a neutral point of view and removing any inappropriate external links. (May 2011) This article may require cleanup to meet Wikipedia's quality standards. No cleanup reason has been specified. Please help improve this if you can. (June 2012)
    HDFC Bank Limited

    Typ

    Public

    BSE: 500180 Traded as NSE: HDFCBANK NYSE: HDB BSE SENSEX Constituent

    Industrie

    Banking, Financial services

    Gegründet

    August 1994

    Hauptsitz

    Mumbai, Maharashtra, India

    Area served

    Worldwide

    Key people

    Mr Aditya Puri (MD)

    Credit cards, consumer banking, corporate banking, finance and insurance, Products investment banking, mortgage loans, private banking, private equity, wealth management[1] US$ 6.487 billion (2012)[2]

    Revenue

    Operating income

    US$ 1.451 billion (2012)[2]

    Profit

    US$ 978.3 million (2012)[2] US$ 70.17 billion (2012)[2] US$ 7.793 billion (2012)[2] 66,076 (2012)[2]

    Total assets

    Total equity

    Employees

    Website

    HDFCBank.com

    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 December 2012, HDFC Bank has 2,776 branches and 10,490 ATMs, in 1,399 cities in India, and all branches of the bank are linked on an online real-time basis. As of December 2012 the bank had balance sheet size of Rs. 3837 billion. For the fiscal year 2011-12, the bank has reported net profit of 5167.07 crore (US$950 million), up 31.6% from the previous fiscal. On March 14, 2013 an online magazine named Cobrapost.com released video footage from Operation Red Spider showing high ranking officials and some employees of HDFC bank willing to turn black money into white which is violation of Money Laundering Control Act. After this The government of India and Reserve Bank of India have ordered an inquiry.[3][4][5]

    Contents
    [hide]

    1 History o 1.1 Business focus o 1.2 Wholesale banking services o 1.3 Retail banking services o 1.4 Treasury o 1.5 Distribution network 2 See also 3 References 4 External links

    History [edit]
    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.[citation needed]

    Business focus [edit]


    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.

    Wholesale banking services [edit]


    For customers from ongoleBlue-chip manufacturing companies in the Indian corp to small & mid-sized corporates and agri-based businesses 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 the above services to its corporate customers, mutual funds, stock exchange members and banks.

    Retail banking services [edit]


    HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (Visa Electron) and issues the Master Card 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 positioned in various net based B2C opportunities including a wide range of Internet banking services for Fixed Deposits, Loans, Bill Payments, etc.With Finest of Technology and Best of Man power in Banking Industry HDFC Bank's retail services have become by and large the best in India and since the contribution to CASA i.e. total number of current and savings account of more than 50%, HDFC BANK has full potential to become India's No.1 Private Sector Bank.

    Treasury [edit]
    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.

    Distribution network [edit]

    An HDFC Bank Branch HDFC Bank is headquartered in Mumbai and as of March 31, 2012, the Banks distribution network was at 2,544 branches and 8,913 ATMs in 1,399 cities as against 1,986 branches and 10000 ATMs in 996 cities as of october,2012.

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