Overview
HDFC Bank Limited (also known as HDB) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's fifth largest bank by market capitalisation , following its takeover of parent company HDFC. It is the third largest company(as of 6th September 2023) by market capitalisation of $150 billion on the Indian stock exchanges. It is also the sixteenth largest employer in India with nearly 1.73 lakh employees.
History
HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.
, the bank's distribution network was at 8,344 branches and 19,727 ATMs across 3,811 cities.It has installed 4,30,000 POS terminals and issued 2.35 crore (23.5 million) debit cards and 1.2 crore (12 million) credit cards in FY 2017. It has a base of 1,77,000 permanent employees as of 1 June 2023.
Products and services
HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. Along with this various digital products are Payzapp and SmartBUY.
From Wikipedia (CC BY-SA 4.0).