HDFC Bank

HDFC Bank Limited is an Indian banking

and financial services company
headquartered in Mumbai, Maharashtra. It
has 98,061 permanent employees as of 31
March 2019[8] and has a presence in
Bahrain, Hong Kong and Dubai.[9] HDFC
Bank is India’s largest private sector lender
by assets.[10] It is the largest bank in India
by market capitalization as of February
2016.[11] It was ranked 60th in 2019
BrandZ Top 100 Most Valuable Global
Brands.[12]
 HDFC Bank Limited

We understand your world

Type Private

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

Industry Banking, financial

services

Founded August 1994

Headquarters Mumbai, Maharashtra,

India
Area served India
Key people Shyamala Gopinath
(Non-Exe Chairperson)[1]
 Aditya Puri
Products Credit cards,
(Managing consumer
Director)[2] [3]
banking, banking,
finance and insurance,
investment banking,
mortgage loans, private
banking, private equity,
wealth management[4]
Revenue ₹95,461 crore
(US$14 billion) (2018)[5]
Operating income ₹25,732 crore
(US$3.7 billion)
(2018)[5]
Net income ₹17,486 crore
(US$2.5 billion)
(2018)[5]

Total assets ₹1,018,170 crore

(US$150 billion)
(2018)[6]

Number of employees 98,061 (March 31,

2019)[7]
Website www.hdfcbank.com

History
In 1994 HDFC Bank was incorporated, with
its registered office in Mumbai, India. Its
first corporate office and a full service
branch at Sandoz House, Worli were
inaugurated by the then Union Finance
Minister, Manmohan Singh.

As of March 31, 2019, the Bank's

distribution network was at 5,103
branches across 2,748 cities. The bank
also installed 4.30 Lacs POS terminals and
issued 235.7 Lacs debit cards and 85.4
Lacs credit cards in FY 2017.[6]

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.[13]

Acquisitions
HDFC Bank merged with Times Bank in
February 2000. This was the first merger
of two private banks in the New
Generation private sector banks
category.[14] In 2008, Centurion Bank was
acquired by HDFC Bank. HDFC Bank Board
approved the acquisition of CBoP for 95.1
billion INR in one of the largest mergers in
the financial sector in India.[15]

Listings and shareholding

The equity shares of HDFC Bank are listed
on the Bombay Stock Exchange and the
National Stock Exchange of India. Its
American Depository Shares are listed on
NYSE and the global depository receipt are
listed on the Luxembourg Stock Exchange
where two GDRs represent one equity
share of HDFC Bank.

Shareholders (as of 31 December 2015) Shareholding[16]

Promoter group (HDFC) 21.57%

Foreign institutional investors (FII) 32.4%

Individual shareholders 8.5%

Bodies corporate 7.5%

Insurance companies 5.38%

Mutual funds/UTI 8.65%

NRI/OCB/others 0.29%

Financial institutions/banks 2.75%

ADS/GDRs 18.78%

[16]

Awards and recognition

Best Banking Performer, India in 2016 by
Global Brands Magazine Award.[17]
Best Performing Branch in Microfinance among Award for Best Performance in
private sector banks by NABARD, 2016 Microfinance[18]

Bank of the year & best digital banking

KPMG study of India's Best Banks
initiative award 2016[19]

Business leader of the year- Aditya

AIMA Managing India Awards 2015
Puri[20]

Most Valued brand in India for third

BrandZ Rankings
successive year[21]

Best managed public company -

FinanceAsia poll on Asia's Best Companies 2015
India[22]

Barron's World's 30 Best CEOs - Aditya Puri[23]

Best in class straight through

J. P. Morgan Quality Recognition Award
processing rates[24]

See also
Bank
Private-sector banks in India
List of banks in India
List of companies of India

References
1. "board of directors" .
2. "HDFC Bank Senior Management" .
HDFC Bank Limited. 8 November
2016. Retrieved 8 November 2016.
3. "RBI extended Mr.Puri's term" .
livemint. 30 October 2018. Retrieved
25 December 2018.
4. "Balance Sheet of HDFC Bank" .
moneycontrol.
5. "HDFC Bank 2017" . Retrieved
1 December 2017.
6. "HDFC Bank 2017" (PDF). Retrieved
1 December 2017.
7. "FINANCIAL RESULTS (INDIAN GAAP)
FOR THE QUARTER AND YEAR
 ENDED MARCH 31, 2019" (PDF).
HDFC Bank Ltd.
8. "HDFC Bank" . HDFC Bank. HDFC
Bank.
9. "Times of India" . HDFC Bank opens
Branch in Dubai. Times of India. 25
August 2014.
10. "HDFC Bank most valuable brand in
India: WPP study" . Livemint.
Livemint. 10 September 2015.
11. "Largest bank by Market
capitalization" . MoneyControl.
MoneyControl.
12. "Millward Brown - Top Global Brands
2019" . hdfcbank.com.
13. "HDFC Bank – About Banking
Services, Loans Scheme, Award,
Contact Address, and more" .
business.mapsofindia.com. Retrieved
16 July 2016.
14. "HDFC Bank: Reports, Company
History, Directors Report, Chairman's
Speech, Auditors Report of HDFC
Bank - NDTVProfit.com" .
profit.ndtv.com. Retrieved 16 July
2016.
15. "HDFC Bank to acquire Centurion
Bank of Punjab" . Banknet India.
16. "HDFC bank listing & shareholding" .
Money Control.
17. Global Brands Magazine Award 2016
winners
18. "HDFC Bank wins microfinance award
from NABARD in Goa" . Times of
India. 22 January 2016. Retrieved
1 March 2016.
19. "Bank of the Year/ Digital Bank: HDFC
BANK" . Business Today. Retrieved
1 March 2016.
20. "AIMA Managing India Awards 2015
– 6th Edition" . Affairs Cloud. 18 April
2015.
21. "livemint" . HDFC Bank is still India’s
most valuable brand: Brandz ranking.
22 September 2016.
22. "Asia's best managed companies,
part 3" . FinanceAsia. 20 March 2015.
23. "HDFC Bank MD Aditya Puri in
Barron's list of 30 best CEOs" . Times
of India. 22 March 2015.
24. "Top 10 Banks in India 2015" . MBA
Skool.

External links

Wikimedia Commons has media

related to HDFC Bank.

Official website
Business data for HDFC Bank:
Reuters •SEC filings
Retrieved from
"https://en.wikipedia.org/w/index.php?
title=HDFC_Bank&oldid=903341948"

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