HDFC Bank Ltd. is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.
Business area of the Bank
HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side. The bank has three key business segments: Wholesale Banking, Treasury and Retail Banking.
Wholesale Banking-: The Bank's target market is primarily large, blue-chip manufacturing companies in the Indian corporate sector and to a lesser extent, small & mid-sized corporates and agri-based businesses. For these customers, 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 structured solutions, which combine cash management services with vendor and distributor finance for facilitating superior supply chain management for its corporate customers. Based on its superior product delivery / service levels and strong customer orientation, the Bank has made significant inroads into the banking consortia of a number of leading Indian corporates including multinationals, companies from the domestic business houses and prime public sector companies. It is recognised as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks.
Treasury-: Within this business, the bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. With the liberalisation of the financial markets in India, corporates need more sophisticated risk management information, advice and product structures. These and fine pricing on various treasury products 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.
Retail Banking-: The objective of the Retail Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a one-stop window for all his/her banking requirements. The products are backed by world-class service and delivered to customers through the growing branch network, as well as through alternative delivery channels like ATMs, Phone Banking, NetBanking and Mobile Banking. The HDFC Bank Preferred program for high net worth individuals, the HDFC Bank Plus and the Investment Advisory Services programs have been designed keeping in mind needs of customers who seek distinct financial solutions, information and advice on various investment avenues. The Bank also has a wide array of retail loan products including Auto Loans, Loans against marketable securities, Personal Loans and Loans for Two-wheelers. It is also a leading provider of Depository Participant (DP) services for retail customers, providing customers the facility to hold their investments in electronic form.
Dun & Bradstreet - American Express Corporate Best Bank Award 2007 - 'Corporate Best Bank' Award
The Bombay Stock Exchange and Nasscom Foundation's Business for Social Responsibility Awards 2007 - 'Best Corporate Social Responsibility Practice' Award
Outlook Money & NDTV Profit - Best Bank Award in the Private sector category
The Asian Banker Excellence in Retail Financial Services Awards - Best Retail Bank in India
Asian Banker - Its Managing Director Aditya Puri wins the Leadership Achievement Award for India
Finance Asia Country Awards for Achievement 2008 - 'Best Bank and Best Cash Management Bank'
CNN-IBN - 'Indian of the Year (Business)'
Nasscom IT User Award 2008 - 'Best IT Adoption in the Banking Sector'
Business India - 'Best Bank 2008'
Forbes Asia - Fab 50 companies in Asia Pacific
Asian Banker Excellence in Retail Financial Services - Best Retail Bank 2008
Asiamoney - Best local Cash Management Bank Award voted by Corporates
Microsoft & Indian Express Group - Security Strategist Award 2008(Video) Full Press Conference - HDFC Ltd. and HDFC Bank Announces a Transformational Merger
World Trade Center Award of honour - For outstanding contribution to international trade services.
Business Today-Monitor Group survey - One of India's 'Most Innovative Companies'
Financial Express-Ernst & Young Award - Best Bank Award in the Private Sector category
Global HR Excellence Awards - Asia Pacific HRM Congress: - 'Employer Brand of the Year 2007 -2008' Award - First Runner up, & many more
Business Today - 'Best Bank' Award
Business Standard Best Banker Award - Mr. Aditya Puri, MD, HDFC Bank
Fe Best Bank Awards 2009 - Best Innovator of the year award for its MD Mr. Aditya Puri - Second Best Private Bank in India - Best in Strength and Soundness Award
Euromoney Awards 2009 - 'Best Bank in India'
Economic Times Brand Equity & Nielsen Research annual survey 2009 - Most Trusted Brand - Runner Up
Asia Money 2009 Awards - 'Best Domestic Bank in India'
IBA Banking Technology Awards 2009 - 'Best IT Governance Award - Runner up'
Global Finance Award - 'Best Trade Finance Bank in India for 2009
IDRBT Banking Technology Excellence Award 2008 - 'Best IT Governance and Value Delivery'
Asian Banker Excellence in Retail Financial Services - 'Asian Banker Best Retail Bank in India Award 2009'
Outlook Money 2010 Awards - Best Bank
Businessworld Best Bank Awards 2010 - Best Bank (Large)
Teacher's Achievement Awards 2010 (Business) - Mr. Aditya Puri
The Banker and PWM 2010 Global Private Banking Awards - Best Private Bank in India
Economic Times Awards for Corporate Excellence 2010 - Business Leader of the Year - Mr. Aditya Puri
Forbes Asia - Fab 50 Companies - 5th year in a row(Video) Stock Market Live: Is HDFC Bank Primed For Strong End To FY23? | Markets With Santo & CJ
NDTV Business Leadership Awards 2010 - Best private sector bank
The Banker Magazine - World's Top 1,000 Banks
MIS Asia IT Excellence Award 2010 - BEST BOTTOM-LINE I.T. Category
Dun & Bradstreet Banking Awards 2010 - Overall best bank, Best private sector bank, Best private sector bank in SME Financing
Institutional Investor Magazine Poll - HDFC Bank MD, Mr. Aditya Puri among ‘Asian Captains of Finance 2010’
IDRBT Technology 2009 Awards - IT Infrastructure, Use of IT within the Bank and Runners-up - IT Governance (Large Banks)
ACI Excellence Awards 2010 - Highly Commended - Asia Pacific HDFC Bank
FE-EVI Green Business Leadership Award - Best performer in the banking category
Celent's 2010 Banking Innovation Award - Model bank Award
Avaya Global Connect 2010 - Customer Responsiveness Award - Banking & Financial Services category
Forbes Top 2000 Companies - HDFC Bank at 632nd position and among 130 global high performers
Financial Express - Ernst & Young Survey 2009-10 - Best new private sector bank, Best in growth and Best in strength
Asian Banker Excellence Awards 2010 - Best retail bank in India, Excellence in automobile lending, Best M&A integration and technology implementation
The Asset Triple A Awards - Best cash management bank in India
Euromoney Private Banking and Wealth Management Poll 2010 - Best local bank in India (second year in a row), Best private banking services overall (moved up from No. 2 last year)
Financial Insights Innovation Awards 2010 - Innovation in branch operations - server consolidation project
Global Finance Award - Best trade finance provider in India for 2010
2 Banking Technology Awards 2009 - Best risk management initiative and Best use of business intelligence
SPJIMR Marketing Impact Awards (SMIA) 2010
Business Today Best Employer Survey - Listed in top 10 best employers in the country
CNBC TV18's Best Bank & Financial Institution Awards - Best Bank and Mr. Aditya Puri, for outstanding finance professional(Video) NCLT Convened Equity Shareholders' Meeting
Dun & Bradstreet Banking Awards 2011 - Best private sector bank - SME Financing
ISACA 2011 award for IT Governance - Best practices in IT Governance and IT Security
IBA Productivity Excellence Awards 2011 - New Channel Adopter (Private Sector)
DSCI (Data Security Council of India) Excellence Awards 2011 - Security in bank
FINANCE ASIA Country Awards 2011: India - Best bank, best cash management bank and best trade finance bank
Asian Banker - Strongest bank in Asia Pacific
Bloomberg UTV's Financial Leadership Awards 2011 - Best bank
IBA Banking Technology Awards 2010 - Technology bank of the year, best online bank, best customer initiative, best use of business intelligence, best risk management system and runners up - best financial inclusion
IDC FIIA Awards 2011 - Excellence in customer experience
Best Internet Bank - Winner
Best Customer Management Initiative - Winner
Best use of Mobility Technology in Banking
Business Today - KPMG Study 2014
Dun & Bradstreet - Polaris Financial Technology Banking Awards 2014
Business Today Award
National Payments Excellence Awards 2015
AIMA Managing India Awards 2015(Video) HDFC Bank - HDFC merger expected to be effective by June 2023: Deepak Parekh, Chairman HDFC
Finance Asia poll on Asia's Best Companies 2015
J. P Morgan Quality Recognition Award
Institutional Investor All-Asia Executive Team ranking 2016
BrandZ Top 50 Most Valuable Indian Brands
Cisco-CNBC TV 18 Digitizing India Awards
Business India 19th Best Bank survey
Forbes Asia's 13th Fab 50 Companies List
BrandZ Top 50 Most Valuable Indian Brands
The Asset Triple A Asia Infrastructure Awards 2017
Asiamoney India Banking Awards 2017
UTI MF - CNBC TV18 Financial Advisor Awards 2018-19
Euromoney Awards for Excellence 2019
Business Today - Money Today Financial Awards 2019
Nasscom DSCI Excellence Awards 2019
Business Today- Money Today Financial Awards 2019
Asiamoney Best Bank Award 2020(Video) Overview of the Bank | HDFC Bank Analyst Day 2022
CNBC-TV18 India Business Leader Awards (IBLA) 2019-20
Key Highlights: Merger of India's largest Housing Finance Company, HDFC Limited with the largest private sector bank in India, HDFC Bank.What is HDFC Bank full form? ›
The Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.Is HDB and HDFC are same? ›
HDB Financial Services Limited is a subsidiary company of HDFC Bank.What is the minimum balance in HDFC Bank? ›
|AQB Slabs (in Rupees)||Balance Non-Maintenance Charges* (per quarter) - Rural Branches|
|>= 1000 < 2,500||Rs. 270/-|
|0 - <1000||Rs. 450/-|
Exit your position in HDFC Bank and buy shares of HDFC Ltd. If you hold both the shares but there is room to increase the holdings, buy shares of HDFC Ltd. As for the bank's shares, you can continue holding them.Is HDFC Bank and HDFC Ltd merged? ›
MUMBAI: Shareholders of HDFC have approved the merger of the housing finance company with its banking arm in an extraordinary general meeting (EGM) held on Friday. The outcome of the EGM held by HDFC Bank is likely to be disclosed on Saturday. Over 99.9% of the votes were polled in favour of the merger.Which is the No 1 bank in India? ›
|Asset||₹2,122,934 crore (US$280 billion – 2022)|
|Number of Branches||6,378 (Jun. 30, 2022)|
|Number of ATMs||16,087 (Across India)|
Managing Director & CEO salary in HDFC Bank ranges between ₹ 405.0 Lakhs to ₹ 920.0 Lakhs per year. This is an estimate based on salaries received from employees of HDFC Bank.Why do you want to work in HDFC Bank? ›
Why do you want to work for HDFC? Say you would like to grow your career in banking and feel HDFC Bank is an excellent place to accomplish this goal. State you would be proud to work for a company that is listed in BrandZ's Top 100 Global Brands List.What is the salary of HDB employees? ›
HDB Financial Services Ltd pays its employees an average of ₹245,197 a year. Salaries at HDB Financial Services Ltd range from an average of ₹133,442 to ₹654,266 a year.
Housing & Development Board (HDB)What are the 4 types of loans? ›
Types of secured loans
- Home loan. ...
- Loan against property (LAP) ...
- Loans against insurance policies. ...
- Gold loans. ...
- Loans against mutual funds and shares. ...
- Loans against fixed deposits.
|Deposit Mode||Saving Account|
|Per Transaction Limit||Per Day Limit|
|Card Based Deposit||Rs. 1 Lac||Rs. 2 Lacs|
|Card Less Deposit||Rs. 25,000||Rs. 2 Lacs|
Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account..What is the maximum balance in HDFC Bank account? ›
Only DD amount upto Rs. 5,00,000 for Current Max Accountholders accepted at Phone Banking.Who is owner of HDFC Ltd? ›
Deepak S. Parekh (DIN: 00009078) is the Chairman of the Corporation and its key subsidiaries. Mr. Parekh joined the Corporation in a senior management position in 1978.What will happen to my HDFC Bank shares after merger? ›
After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.Which account is better HDFC or SBI? ›
HDFC Bank interest rates for personal loan range around 10.25%. Hence, SBI is preferred by customers. SBI Business Loans can be availed at an interest rate of 11.20%, which is lower than the interest rate charged by HDFC Bank at 11.90%. Thus, SBI offers a cheaper business loan.What will happen after HDFC Bank and HDFC merger? ›
Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares held. Following the merger, the combined balance sheet will be Rs 17.87 lakh crore and the net worth will be Rs 3.3 lakh crore, as of the December 2021 balance sheet.Is HDFC Ltd a bank or NBFC? ›
HDFC is an Indian financial services company. HDFC is the parent company of HDFC Bank. The NBFC arm of HDFC is HDB Financial Services. By assets and market capitalization, HDFC bank is the largest private sector bank in India.
The merger of HDFC with HDFC Bank will create a large balance sheet that would be able to sustain large exposures and result in higher credit growth for the Indian economy, HDFC Bank chairman Atanu Chakraborty said on Saturday. He also added that the strong distribution network will help aid growth of the.Which govt bank is best? ›
- State Bank of India. State Bank of India (SBI) is among the Fortune 500 companies. ...
- Punjab National Bank. Punjab National Bank (PNB) is a government-owned bank under the ownership of the Ministry of Finance. ...
- Union Bank of India. ...
- HDFC Bank. ...
- ICICI Bank. ...
- Kotak Bank. ...
- Bank of Baroda. ...
- Bank of India.
The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.Which is bigger SBI or HDFC? ›
With a market capitalisation of Rs 4,21,732 crore, India's largest public sector bank State Bank of India (SBI) has overtaken HDFC.Who earns highest salary in bank? ›
Starting from bank functioning to customer care and management, he has to supervise everything. In other words, a bank manager is responsible for each department of a bank. The annual salary of a bank manager from a reputed bank is around 40 lakhs.
What is the highest salary in Public Sector Banks In India? The highest-paying job at Public Sector Banks In India is a Senior Manager with a salary of ₹14.4 Lakhs per year. The top 10% of employees earn more than ₹19.13 lakhs per year. The top 1% earn more than a whopping ₹41.7 lakhs per year.Who is the highest paid banker in India? ›
Top paid executive
The highest paid bank executive for FY22 was Kaizad Bharucha, executive director of HDFC Bank, emerged the highest earning banker for 2021-22 (FY22).
For starters, I have all the skills and experience listed in the job description, and I'm confident that I can make an immediate impact on your company. It's not just my background in leading successful projects for Fortune 500 companies, but also my passion for the industry that drives me to succeed.Why should we hire you fresher? ›
“As a fresher, I bring a lot to the table in terms of skill and ability. I am very flexible and adaptive to learning new things, which means I will be able to contribute something capable to the growth of the company. My last project in Operations taught me how to be a team player.Why should we hire you answer best? ›
Show that you have skills and experience to do the job and deliver great results. You never know what other candidates offer to the company. But you know you: emphasize your key skills, strengths, talents, work experience, and professional achievements that are fundamental to getting great things done on this position.
Salary Heads are the components in the Salary Structure of an employee. Salary Head generally classified as Earnings and Deductions. AttendHRM has another type of Salary Heads called 'Non Payslip'. Creating salary heads is the first step in Salary configuration.What is the salary of RM per month? ›
Average salary for a Relationship Manager in India is 3.5 Lakhs per year (₹29.2k per month).How much is Cho salary? ›
Lagos State Government Salary FAQs
The average salary for a Community Health Extension Worker is NGN 120,000 per month in Nigeria, which is 34% higher than the average Lagos State Government salary of NGN 89,494 per month for this job. What is the salary trajectory of a Community Health Extension Worker?
HDB Financial Services is rated 4.0 out of 5, based on 13.5k reviews by employees on AmbitionBox. HDB Financial Services is known for Skill development which is rated at the top and given a rating of 3.9. However, Career growth is rated the lowest at 3.4 and can be improved.Is HDB under government? ›
We are Singapore's public housing authority and a statutory board under the Ministry of National Development. We take pride in creating homes and towns that form a quality living environment for the young and old.Is HDB Privatised? ›
Since all HUDC flats are now privatised, you can buy a resale HUDC flat without worrying about HDB rules. For example, there's no 5-year Minimum Occupancy Period (MOP) restriction, which means you can rent it out immediately after buying it and start collecting rental income.What are the 2 main types of loans? ›
A secured loan uses an asset you own as collateral; the lender can take the asset if you don't repay the loan. An unsecured loan requires no collateral. They usually have higher interest rates than secured loans because they are riskier for lenders.What is personal loan type? ›
Personal loans are unsecured loans in which the bank loans you money on your creditworthiness and no security is required for the money borrowed. However, the interest rates of personal loans are higher than any other loan like home loan or education loan considering the amount of risk involved in lending the sum.What are the 3 main factors of a loan? ›
A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest. Lenders will consider a prospective borrower's income, credit score, and debt levels before deciding to offer them a loan.
|Benefits / Product||SavingsMax Account (Our Premium Product)||Regular Savings Account|
|Making the most of your money||MoneyMaximiser: Earn higher interest on money lying idle with our automatic sweep out facility. Available on request.||X|
- Featured Partners.
- Best Zero Balance Savings Account.
- IDFC FIRST Bank Pratham Savings Account.
- Equitas Selfe Savings Account.
- Axis Bank PRIME Savings Account.
- Indus Delite Savings Account (IndusInd Bank)
- Kotak 811 Full KYC Account (Kotak Mahindra Bank)
At HDFC Bank, there is a Savings Account for all your needs. While there's no limit to how many Savings Account you can have, there are a few things to consider before signing up for more than one.Which bank has lowest minimum balance? ›
|List of Banks||Minimum Balance Required(INR)|
|HDFC Bank Saving Accounts||2500/5000/10000/25000|
|ICICI Bank Saving Accounts||0/1000/2000/2500/5000/10000|
|IDBI Bank Saving Accounts||500/2500/5000|
|IDFC Bank Saving Accounts||25000|
Kotak Mahindra Bank has introduced three kinds of zero balance accounts out of which Kotak 811 Full KYC account is the most useful as it provides a cheque book and a debit card (if required by paying INR 199) and a free digital debit card. Facility of NEFT, IMPS, RTGS available without any charge.What is salary account in HDFC Bank? ›
HDFC Bank offers several types of Salary Accounts suited for different sectors and needs. Premium Salary Account: For select corporates as priority service. Offers insurance and preferential pricing on various loans. Regular Salary Account: Debit card hero! Higher spending limits, cash back and discounts.What is maximum savings account limit? ›
Key Takeaways. The Reserve Bank of India sets limits on cash deposits in Savings Accounts. You can deposit only INR 1 lakh cash in one shot in a Savings Account. Cash deposits in a Savings Account cannot exceed INR 10 Lakhs in a financial year.What is account balance limit? ›
Account balance limit means the maximum allowable aggregate balance of an account established for a designated beneficiary. Account earnings, if any, are included in the account balance limit.What is card balance limit? ›
A credit limit is the maximum amount of money a lender will allow you to spend on a credit card or a line of credit. Knowing your maximum, however, does not mean it's a good idea to reach it.What type of company is HDFC Ltd? ›
IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development.Which bank is merged with HDFC Bank? ›
MUMBAI : India's largest private lender HDFC Bank on Monday said the Reserve Bank of India (RBI) has approved its proposed merger with parent and mortgage lender Housing Development Finance Corp Ltd (HDFC).
HDFC Life IPO FAQs
HDFC Life IPO is a main-board IPO of 299,827,818 equity shares of the face value of ₹10 aggregating up to ₹8,695.01 Crores. The issue is priced at ₹275 to ₹290 per share.
Housing Development Finance Corporation Limited (HDFC) is an Indian private development finance institution based in Mumbai. It is a major housing finance provider in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans.What is the rating of HDFC Ltd? ›
|Rs.45000 Crore Non Convertible Debentures||CRISIL AAA/Stable (Assigned)|
|Subordinated Debt Aggregating Rs.4000 Crore (Reduced from Rs.5000 Crore)||CRISIL AAA/Stable (Reaffirmed)|
|Fixed Deposits||FAAA/Stable (Reaffirmed)|
|Rs.75000 Crore Commercial Paper||CRISIL A1+ (Reaffirmed)|
"As HDFC is a part of all the Nifty indices, the stock could see major selling coming from passive trackers of Nifty50 index.What are the products of HDFC Ltd? ›
Our Financial Network
Diversified Financial Services - Banking, Insurance (Life and General), Asset Management, Real Estate Venture Capital, Education Loans among others.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance ...Is HDFC Ltd regulated by RBI? ›
"HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India (RBI) whereby the RBI has accorded it's 'no objection' for the Scheme, subject to certain conditions as mentioned therein," the bank said in a regulatory filing.What will happen to HDFC Ltd FD after merger? ›
Once the merged entity starts operating, and HDFC Ltd. accounts are converted to HDFC Bank accounts, your HDFC Ltd. fixed deposit will get converted into an HDFC Bank fixed deposit. However, all the terms of the original fixed deposit will continue.Who is the No 1 bank in India? ›
|Asset||₹2,122,934 crore (US$280 billion – 2022)|
|Number of Branches||6,378 (Jun. 30, 2022)|
|Number of ATMs||16,087 (Across India)|
HDFC Bank is bigger than ICICI Bank as it enjoys the market capitalization of Rs. 6,25,666.08 crores against the market capitalisation of ICICI worth Rs.