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ABOUT HDFC BANK Housing Development Finance CorporationFounded in 1977 by Hasmukh bhai Parakh
HDFC Bank was incorporated in August 1994The Bank started operations as a scheduled
commercial bank in January 1995 under the RBI's liberalization policies
It is the first in new generation commercial banksRegistered office in Mumbai, IndiaPromoted by HDFC, the parent companyListed in NSE, BSE, NYSE etc.
PROFILE OF HDFC BANK
Type : PrivateFounded : August, 1994 Headquarters : HDFC Bank Ltd, Mumbai, India Industry : Banking, Insurance,
Capital Markets and allied industries
Products : Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.
Net revenue : Rs.41,135.53 crores Net income : Rs. 8,478.39 crores Branches : 3,251ATM’S : 11,177Employees : 69065Website : www.hdfcbank.com
BOARD OF DIRECTORS OF HDFC
Mr. Aditya Puri- CEO & Managing director Mr. Jagdish Kapoor - Chairman of HDFC
Bank. Mr. Harish Engineer- Executive directors Keki Mistry- Managing Director Mr. A Rajan- Country Head-Operations Mr. Rahul Bhagat- Vice president
Product & services Travelers Chequescredit cardhome loanpersonal loanForeign Currency CashForeign Currency Demand DraftsCheque DepositsRemittancesTrade ServicesMutual fundsInsurance
HDFC Bank Limited is an Indian financial services company based in Mumbai , Maharashtra that was incorporated in August 1994.
The first largest bank by Market Capitalization as of November 1, 2012.
HDFC Bank has 3,251 branches and 11,177 ATMs, in 1,568 cities in India.
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.
Milestones !!!! Times Bank Limited (owned by Bennett, Coleman &
Co./The Times Group) was merged with HDFC Bank Ltd., on February 26, 2000. This was the first merger of two private banks in India.
On May 23, 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than 1,000.
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.
Business StrategyIncreasing market share in India’s expanding banking.Delivering high quality customer service.Delivering more products to more customers.Maintaining current high standards for asset quality through
disciplined credit risk management.Develop innovative products and services that attract targeted
customers and address inefficiencies in the Indian financial sector.
Future plansLaunch 250 new branches.HDFC Bank plans to raise Rs 4,200 crore in capital.Relocate branches to un-banked rural Punjab.HDFC Bank plans to set up NBFC
Capital Structure
The authorized capital of HDFC Bank is Rs550 crore (Rs5.5 billion).
The paid-up capital is Rs424.6 crore (Rs.4.2 billion). The HDFC Group holds 19.4% of the bank's equityRoughly 28% of the equity is held by Foreign
Institutional Investors (FIIs) and the bank has about 570,000 shareholders
SWOT ANALYSIS OF HDFC
Strengths �One of the leading new age private sector bankHDFC Bank has over 1700 branches and over 5000
ATMs, in 780 cities in India,Huge employee base i.e more than 51000 employeesLarge collaborations with corporate for employee
salary accounts
Opportunities Mobile banking, Internet bankingVenturing into rural areasProviding more complex products to the ever
increasing demands of the industry