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==History==

HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited (HDFC), India's largest housing
finance company. It was among the first companies to receive an 'in principle' approval from the [[Reserve Bank of India|Reserve
Bank of India (RBI)]] to set up a bank in the private sector. The Bank started operations as a scheduled commercial bank in January
1995 under the RBI's liberalisation policies.

Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with HDFC Bank Ltd., in 2000. This was the
first merger of two private banks in India. Shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times
Bank.

In 2008 HDFC Bank acquired [[Centurion Bank of Punjab]] taking its total branches to more than 1,000. The amalgamated bank
emerged with a base of about Rs. 1,22,000 crore and net advances of about Rs.89,000 crore. The balance sheet size of the combined
entity is more than Rs. 1,63,000 crore.
==History==

HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited (HDFC), India's largest housing
finance company. It was among the first companies to receive an 'in principle' approval from the [[Reserve Bank of India|Reserve
Bank of India (RBI)]] to set up a bank in the private sector. The Bank started operations as a scheduled commercial bank in January
1995 under the RBI's liberalisation policies.

Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with HDFC Bank Ltd., in 2000. This was the
first merger of two private banks in India. Shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times
Bank.

In 2008 HDFC Bank acquired [[Centurion Bank of Punjab]] taking its total branches to more than 1,000. The amalgamated bank
emerged with a base of about Rs. 1,22,000 crore and net advances of about Rs.89,000 crore. The balance sheet size of the combined
entity is more than Rs. 1,63,000 crore.
==Business focus==
HDFC Bank deals with three key business segments - Wholesale Banking Services, Retail Banking Services, Treasury. It has entered
the banking consortia of over 50 corporates for providing working capital finance, trade services, corporate finance and merchant
banking. It is also providing sophisticated product structures in areas of foreign exchange and derivatives, money markets and debt
trading and equity research.

===Wholesale banking services===


The Bank's target market ranges from large, blue-chip manufacturing companies in the Indian corp to 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. HDFC 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 recognized as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds,
stock exchange members and banks.

===Retail banking services===


[[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.]]
[[HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (VISA Electron) and issues
the Mastercard Maestro debit card as well. The Bank launched its credit card business in late 2001. By March 2009, the bank had a
total card base (debit and credit cards) of over 13 million. The Bank is also one of the leading players in the “merchant acquiring”
business with over 70,000 Point-of-sale (POS) terminals for debit / credit cards acceptance at merchant establishments.]] The Bank is
well positioned as a leader in various net based B2C opportunities including a wide range of internet banking services for Fixed
Deposits, Loans, Bill Payments, etc.

===Treasury===
Within this business, the bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market &
Debt Securities, and Equities. These services 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.
==Distribution network==
[[File:An HDFC Bank Branch.jpg|thumb|right|200px|An HDFC Bank Branch]]

HDFC Bank is headquartered in Mumbai. The Bank has an network of 2000 branches spread in 771 cities across India. All branches
are linked on an online real-time basis. Customers in over 500 locations are also serviced through Telephone Banking. The Bank has a
presence in all major industrial and commercial centres across the country. Being a clearing/settlement bank to various leading stock
exchanges, the Bank has branches in the centres where the NSE/BSE have a strong and active member base.

The Bank also has 3,898 networked ATMs across these cities. Moreover, HDFC Bank's ATM network can be accessed by all
domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders.

References
1. ^ "HDFC_Bank_Annual_Report_0809". //www.hdfcbank.com.
http://www.hdfcbank.com/common/pdf/corporate/HDFC_Bank_Annual_Report_0809_I.pdf. Retrieved 2010-07-26.
2. ^ a b c d e "Financial Tables". HDFC Bank Investor Relations. http://www.bseindia.com/qresann/detailedresult_cons.asp?
scrip_cd=500180&qtr=65.5&compname=HDFC%20BANK%20LTD.&quarter=MC2009-2010&checkcons=55c. Retrieved
2010-06-19.
3. ^ "HDFC Bank Directors Report, HDFC Bank Reports by Directors". Moneycontrol.com.
http://www.moneycontrol.com/annual-report/hdfcbank/directors-report/HDF01. Retrieved 2010-07-26.
4. ^ "HDFC bank shrinks advances - Livemint 14th January 2009". Livemint.com. 2009-01-14.
http://www.livemint.com/2009/01/14225111/HDFC-Bank8217s-advances-shr.html. Retrieved 2010-08-20.
5. ^ Share Manthan : http://www.sharemanthan.in/index.php/indian-companies/54-banking/2149-hdfc-bank

[edit] External links


• Official site
• Meritus Scholarship Program - Online Registration Form
• List of HDFC Bank IFSC Codes
• Find IFSC Code of all HDFC BANK branches in India, or Branch Details by IFSC Code