HDFC Bank offers various range of financial products and banking services to customers through channels such as Net banking, Phone banking, Term finance, Vehicle Loans, Savings Accounts, Line of Credit, Export Finances, Mortgages, Debt Securities, Equities, Money markets, Property Loans, Commercial and Personal banking, Project finance, Current Accounts, Account Creation and Mobile Banking services.
Factsheet of Hdfc Bank
| Bank Name | Hdfc Bank |
| Founded in | Aug. 1, 1994 |
| Promoters/founders | NA |
| Headquarter Address | HDFC Bank - Corporate Office
Bank House,
Shiv Sagar Estate,
Dr Annie Besant Road
Worli
Mumbai,
Maharashtra - 400018 |
| Employee's | 120093 |
| Type of Bank | Public Sector Undertaking (PSU) Bank |
| Official Website | https://www.hdfcbank.com/ |
| Customer Care Number | 18002026161 |
History of the HDFC Bank
The HDFC Bank also known as the Housing Development Bank of India is the biggest financial and banking service provider in India and it is located in Mumbai and we are among the first bank to get the approval from the Reserve Bank of India regarding setting up the private sector bank in 1994. The head office and the corporate office is located at Sandoz House in Worli and it was inaugurated by the Finance Minister Dr. Manmohan Singh. We have an amazing network of 6342 branches in India and have more than 20000 ATM in various towns and cities in India.
We are a wonderful bank offering the wide range of financial services and products through various ATM and the digital channels like the Phonebanking, Mobilebanking and Netbanking as well. It became a scheduled bank in 1995 and the HDFC bank is a leading provider of structured financial and commercial solutions, along with the cash management services with vendor and distributor finance for having good supply chain management for our corporate customers.
Mr. Atanu Chakraborthy is the Chairman of HDFC and the CEO is Mr. Sashidhar Jagadeeshan. It is the 15th largest employer in India
We handle a huge array of the customers like the Salaried personnel, Micro and Medium Industries, Business Persons, Individuals, Government officials and Staff, Self Help Groups and Non Resident Indians.
Mergers of HDFC Bank
The HDFC is the biggest bank and some of the greatest mergers done by this bank are given below as follows:
- In February 2000 HDFC Bank merged with the Times Bank.
- In 2008 the Centurion Bank of Punjab was obtained by the HDFC Bank.
- In 2021 HDFC has done the partnership with Paytm to launch a huge range of products powered by the global card network known as VISA.
Banking Services offered by the HDFC Bank
The HDFC is the biggest bank and they are good in offering various services like:
- SMS Alerts.
- Trade Credit.
- Net Banking.
- Email Alerts.
- Safe Locker.
- E- Statement.
- Project Finance.
- Society Account.
- Mobile Banking.
- Kisan Gold Card.
- Savings Account.
- Current Account.
- Current Deposit.
- Cyber Fraud Alert.
- Consumer Banking.
- Custodial Services.
- Asset Management.
- Cash Management.
- Gold Loan Scheme.
- Debt Capital Market.
- Bill Payment Service.
- NRI Banking Service
- Credit and Debit Card.
- Capital Gain Account.
- Demand Drafts (DD).
- Wealth Management.
- Supply Chain Financing.
- Safe Custody Account.
- Working Capital Service.
- Corporate salary account.
- Personalised Cheque Facility.
- Personalised Bank Passbook.
- Money Market & Debt Security.
- Letters of Credit and Guarantees.
- Foreign Exchange and Derivatives.
- Distribution of mutual funds, life, general and health insurance.
Loans and credit facilities provided by the HDFC Bank
There are various credit and loan services offered by the HDFC Bank and it is given below as follows:
- Auto loans.
- Gold loans.
- Mortgages.
- SHG loans.
- Home Loans.
- Capital Loans
- Property Loan.
- Personal Loan.
- Business Loans.
- Agricultural Loans.
- Healthcare finance.
- Two-wheeler loans.
- Offshore loans to NRIs.
- Loans against securities.
Legal Issues
- January 29, 2020, RBI imposed a monetary penalty on HDFC Bank for not able to undertake survey of 40 plus current accounts.
- In Odisha a manager of HDFC bank was arrested because of various fraud related charges to the tune of INR 60 Lakh in Odisha.
- Altico Capital and Dubai's Mashreq Bank accused HDFC Bank of using the funds the company raised through the external borrowings.
- RBI imposed a penalty of INR 10 crore on HDFC Bank for not going the effective compliance in the field of the regulatory compliance.
Awards and Recognition
- Best Banking Performer, India in 2016 by the Global Brands Magazine Award.
- Best Performing Branch among the private sector banks sponsored by NABARD, 2016.
- Best Large Bank & Fastest Growing Large Bank in 2019, by the Business World Magna Awards.
- Bank of the Year and Best Large Bank, as per the Business Today – Money Today Financial Awards 2019.
- Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive Finance India Awards (IFI) 2019.
- Ranked 1st in 2019 BrandZ as the Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.
Hdfc Bank has 7861 IFSC connected branches in India. Bank has branches in following states:
- ANDAMAN AND NICOBAR ISLAND
- ANDHRA PRADESH
- ARUNACHAL PRADESH
- ASSAM
- BIHAR
- CG
- CHANDIGARH
- CHHATTISGARH
- DADRA AND NAGAR HAVELI
- DAMAN AND DIU
- DELHI
- GOA
- GUJARAT
- HARYANA
- HIMACHAL PRADESH
- JAMMU AND KASHMIR
- JHARKHAND
- KARNATAKA
- KERALA
- MADHYA PRADESH
- MAHARASHTRA
- MANIPUR
- MEGHALAYA
- MIZORAM
- NAGALAND
- ODISHA
- PONDICHERRY
- PUDUCHERRY
- PUNJAB
- RAJASTHAN
- SIKKIM
- TAMIL NADU
- TELANGANA
- TRIPURA
- UTTAR PRADESH
- UTTARAKHAND
- WEST BENGAL
Search IFSC codes of banks using name, pincode, branch name of banks
Project Report for Bank Loan in 5 minutes
Generate Accurate and globally accepted project report for financing
GENERATE PROJECT REPORT