This action might not be possible to undo. Are you sure you want to continue?
1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India (RBI). It was one of the first banks to receive an 'in principle' approval from RBI, for setting up a bank in the private sector. The bank was incorporated with the name 'HDFC Bank Limited', with its registered office in Mumbai. The following year, it started its operations as a Scheduled Commercial Bank. Today, the bank boasts of as many as 1412 branches and over 3275 ATMs across India. Amalgamations In 2002, HDFC Bank witnessed its merger with Times Bank Limited (a private sector bank promoted by Bennett, Coleman & Co. / Times Group). With this, HDFC and Times became the first two private banks in the New Generation Private Sector Banks to have gone through a merger. In 2008, RBI approved the amalgamation of Centurion Bank of Punjab with HDFC Bank. With this, the Deposits of the merged entity became Rs. 1,22,000 crore, while the Advances were Rs. 89,000 crore and Balance Sheet size was Rs. 1,63,000 crore. Tech-Savvy HDFC Bank has always prided itself on a highly automated environment, be it in terms of information technology or communication systems. All the braches of the bank boast of online connectivity with the other, ensuring speedy funds transfer for the clients. At the same time, the bank's branch network and Automated Teller Machines (ATMs) allow multi-branch access to retail clients. The bank makes use of its up-to-date technology, along with market position and expertise, to create a competitive advantage and build market share. Capital Structure At present, HDFC Bank boasts of an authorized capital of Rs 550 crore (Rs5.5 billion), of this the paid-up amount is Rs 424.6 crore (Rs.4.2 billion). In terms of equity share, the HDFC Group holds 19.4%. Foreign Institutional Investors (FIIs) have around 28% of the equity and about 17.6% is held by the ADS Depository (in respect of the bank's American Depository Shares (ADS) Issue). The bank has about 570,000 shareholders. Its shares find a listing on the Stock Exchange, Mumbai and National Stock Exchange, while its American Depository Shares are listed on the New York Stock Exchange (NYSE), under the symbol 'HDB'. Products & Services Personal Banking
y y y y y y y y y
Savings Accounts Salary Accounts Current Accounts Fixed Deposits Demat Account Safe Deposit Lockers Loans Credit Cards Debit Cards
A new private sector Bank promoted by housing Development Corporation Ltd. (HDFC). UK. The bank is the first of its kind to . Europe. Southeast Asia) IndiaLink (Middle East. Africa) Cheque LockBox Telegraphic / Wire Transfer Funds Transfer through Cheques / DDs / TCs Mutual Funds Private Banking Portfolio Investment Schemes Loans Payment Services NetBanking InstaAlerts MobileBanking InstaQuery ATM PhoneBanking 1994 .y y y y y y y y y y Prepaid Cards Investments & Insurance Forex Services Payment Services NetBanking InstaAlerts MobileBanking InstaQuery ATM PhoneBanking NRI Banking y y y y y y y y y y y y y y y y y y y y y Rupee Savings Accounts Rupee Current Accounts Rupee Fixed Deposits Foreign Currency Deposits Accounts for Returning Indians Quickremit (North America. a premier housing finance company.The Bank was Incorporated on 30th August.
Its credit deposits ratio was 53. .HDFC Bank has set up a state-of-the-art dealing room to handle all transactions possible in Indian financial markets.The Bank transacts both traditional commercial banking as well as investment banking. of equity shares were allotted to Jarrington Pte.79.5.00.000 equity shares were allotted on private placement basis to Natwest Group on 9.8%. 90. Certificate of Commencement of Business was received on 10th October 1994 from RBI. 500. and its subsidiaries (Natwest Group) for subscribing 20% of the banks issued capital and providing technical assistance in relation to the banks proposed banking business.000 shares were allotted to the public on 9.70 No. 1994.receive an in-principle approval from the RBI for establishment of a bank in the private sector. .1995.00. the promoter of the bank has entered into an agreement with National Westminister Bank Pc.000 equity shares were allotted to HDFC promoters. including some leading multinational companies. 509. Another 400.20. . .930 No. On the same date 500. Mumbai on January 16th.HDFC Bank has entered the banking consortia of over 50 corporates.The Bank opened its first branch in Ramon House at Churchgate.The Certificates of Deposits were awarded a PP1+ rating which is the highest rating for short term instruments indicating superior capacity for repayment. . 1997 . flagship companies of local business houses and strong public sector companies. of equity shares issued to subscribers to the Memorandum & Articles of Association on 30th August 1994. .5.00.95 (all were taken up). .On 16.The bank is one of the largest mobilisers of retail deposits through its network of 20 branches.1995. 1995 . Ltd.1.000 shares were allotted to HDFC Employees Welfare Trust and HDFC Bank Employees Welfare Trust on 22nd December. HDFC. 1996 .The Bank has created an efficient operating system using well tested state-of-the-art software.
. houses data of all the branches and facilitates the introduction of new products and services. . .HDFC has introduced a new loan product for the payment of .HDFC Bank has become the first private sector bank to conclude a structured interest rate option deal.HDFC Bank has entered into strategic alliances with 10 overseas banks to provide customers with a wide range of derivatives including interest rate and foreign currency swaps. . .. . .HDFC Bank on October 14 introduced ATMs that converse in a regional language.HDFC Bank has drawn up plans to become a niche player in corporate banking by sticking to top-rung corporates. . .The bank has also recently signed up as a depository participant. has opened another branch in Chennai.HDFC Bank proposed to launch tele-banking for the first time in June in Mumbai at its Chandiveli branch. . the 11th branch in Mumbai. one of the nine new-generation private sector banks.The bank has set up a ultra-modern hub at Powai in Mumbai where the bank's central computer is housed. .HDFC has installed state-of-the-art systems to facilitate inter-connectivity between branches and link up with on line system. .000 square feet of space.HDFC Bank.HDFC Bank. under the newly set up NSDL. has planned to set up an all-India on-line automated teller machine (ATM) network. . for the first time in the country. wherein the members clearing accounts settlement for dematerialised shares can be done through the bank.HDFC Bank has introduced the Freedom Account for the average retail customer located in the major metros as a means to wean away the middle-income market from nationalised banks. This hub housed in 35.HDFC Bank has launched its Versova branch. as part of its expansion plans in the South.HDFC Bank has launched an account in all its 28 branches across India that seeks to free depositors from minimum balance requirement.
HDFC Bank will be the first bank in the Asia-Pacific region to connect the American Express (Amex) payment system.HDFC Bank proposes to strengthen its branch network in Calcutta with the addition of two new branches in the first quarter of the next fiscal. With this connectivity.HDFC Bank has become the first bank in India to link up its automated teller machine (ATM) network with all the three major payment systems world-wide. . Arizona.The Bank has tied up with ITC Threadneedle Mutual Fund to provide its .The HDFC Bank is expanding its ATM network to connect to American Express Interchange based in Phoenix. . . 1998 .HDFC Bank has signed an agreement with the National Stock Exchange (NSE) which will give it a second charge over the brokers deposit for providing loan against share facility to NSE brokers.HDFC Bank is all set to launch its debit card by April 1998. . USA. . HDFC Bank has become the first bank in the Asia-pacific region to connect to the Amex Interchange.HDFC Bank has tied up with the Ahmedabad Stock Exchange (ASE) to act as its clearing bank.HDFC Bank Ltd has entered into a memorandum of understanding for a strategic business collaboration with Chase Manhattan Bank. HDFC has tied up with Visa International to offer its Debit Card. . . .The bank will also provide phone-banking facility in Bangalore. .The bank has also entered into `Cirrus' arrangements by which all master card holders across the globe will be able to transact at HDFC Bank in India. . . .The bank has also entered into a similar understanding with the Bombay Stock Exchange (BSE) whereby the bourse will provide support for recovery of money against the card for loan against share facility.HDFC Bank was the first to sign up with AMEX in December of 1998.betterment fees announced by the Bangalore Mahanagar Palike.
.10.HDFC Bank also signed a memorandum of understanding with Singapore Telecom's e-commerce arm Sesami.000 shares to Indocean Financial Holding. Sumo. . 94 per share. .investors with the High Interest Fund (HIF). Safari. 10 each to HDFC and a wholly-owned subsidiary of it at a price of Rs.HDFC Bank.Com Pvt Ltd.Hutchison Max Telecom and HDFC Bank introduced the country's first-ever mobile-banking services in the city.HDFC Bank is also launching an online electronic banking solution called Enet which will allow corporates to access their accounts over the net and carry out trade related transactions and cash management functions. a facility to encash their units through the bank's Automated Teller Machines in addition to a cheque book facility also to be provided by the bank.The bank will also issue 13. .HDFC Bank entered into a tie-up with Telco by which the bank would provide preferential financing options for Tata's range of passenger cars including the Indica. the e-commerce unit of Singtel. .20. . he said.A new company called SESAMi. This is the first and only service of this sort in the country. to offer e-commerce solutions for the Indian market.com (India) has been formed by a strategic alliance between HDFC Bank and Singapore Telecom's e-commerce company SESAMi. 2000 . .HDFC Bank has a tie-up with Maxtouch for giving the facility to the latter's customers in Mumbai. .000 equity shares to India Private Equity Fund and 51. .Sony India Ltd (SIL) has joined hands with HDFC Bank to work out an innovative car finance package under which a sony car audio system would be installed to a new car for no additional upfront cash outflow. .The bank has decided to issue 1.com. . has tied up with BPL Ltd to offer Internet-enabled supply-chain management and business-to-consumer (B2C) e-commerce services to corporates. the two equity funds controlled by Chase Manhattan Bank.33.000 equity shares of Rs. Estate and Sierra.The Bank latter also entered into a partnership agreement with National Computer Systems.70.
. .The Company has introduced a new scheme whereby it will provide loans to individuals for payment of self assessment tax on their .com signed an agreement with HDFC bank for the use of payment gateway to enable online financial transactions.COM has joined hands with HDFC Bank to provide VISA/MasterCard users with an online payment gateway solution to enable them to have a secure eshopping experience. one of the two cellular service providers in Chennai..HDFC Bank. . . .HDFC Bank is also set to become the first bank in the country to offer wireless application protocol (WAP) services to customers.HDFC Bank and portal clickforsteel.SkyCell Communications Ltd.com have signed a memorandum of understanding for offering online credit and services to facilitate `post transaction' activities through the portal's `allied services providers' programme. . . has launched the entire range of mobile banking services and mobile commerce services using wireless application protocol (WAP) technology. BEST. in association with cellular service provider Orange. .Indianfoline.98 crore shares of Rs 10 each at an issue price of Rs 94 per share to promoters and strategic investors on March 29. .The Bank has set up 100 new electronic data capture (EDC) terminals in Mumbai. for which the company has tied up with ICICI Bank and HDFC Bank. BPL and MTNL.HDFC Bank has launched its first B2C payment gateway which allows Visa and MasterCard credit card-holders to do transaction online and realtime. Orange.The bank has tied up with 12 utility companies nationwide including BSES.HDFC Bank plans to extend its mobilephone banking services introduced in select metros to mobilephone broking when it introduces its Internet on-line trading in July.The Bank has tied up with financial portals. . has launched `Sky Banking'. . MSEB. .CYBERITMALL. e-brokerages and the National Stock Exchange to enable broker payments for e-broking ventures.HDFC Bank allotted 1.
a member firm of Deloitte and Touch. . .HDFC Bank launched `eInstant Car Loans' a new scheme for offering customers a range of net-enabled loan products. a Mumbai-based software company.com.The Mumbai-based Geojit Securities Ltd. for providing payment gateway services for the latter's Internet trading operations.HDFC Bank launched depository services on the net.HDFC Bank tied up with NSE.The Foreign Investment Promotion Board has cleared the proposal of the HDFC Group to enter into a joint venture with Singapore Telecom's e-commerce company for providing a comprehensive range of business-to-business e-commerce solutions to companies in India.Calcutta's cellular services provider Modi Telstra. in association with Tata Cellular. a wholly owned subsidiary of the National Stock Exchange. has launched Mobile Commerce Service.. .properties in Bangalore. . to offer banking services to its non-resident Indian customers. including a credit card.BPL Mobile has tied up with HDFC Bank to offer Internet banking through the mobile phone. .HDFC Bank has been identified as the best domestic commercial bank for the second consecutive year by FinanceAsia. . .HDFC Bank has tied up with about 25 equity brokerages for enabling third party transfer of funds and securities through its business-to-business portal -. has tied up with HDFC Bank for Internet trading of shares.The Company proposes to pick up an equity stake in Softcell Trade and Technologies Ltd. .IT.The Bank has entered into an alliance with Deloitte Haskins and Sells.HDFC Bank.000 crore this fiscal mainly through expansion and new product launches.`e-Net'. . . which provides a network for financial decision makers.HDFC Bank has set a target of attaining a business of over Rs 15.HDFC Bank has got the Kerala-based Nedungadi Bank as its first customer for its new joint venture company with I-Flex Solutions. . . and HDFC Bank have entered into a collaboration to provide mobile commerce in Calcutta. . for customers in Hyderabad and Vishakaptnam. . .
The e-Age Savings Account' for cellular phone users. .com to retail education loans to students. which is engaged in the business of developing and marketing of security products and services for a range of e-commerce and enterprises security applications. . . Riskxpress.CricketNext. . has signed memorandum of understanding with HDFC Bank and UTI Bank for setting up a payment gateway for its debt negotiation platform.5 per cent stake in the MIEL e-Security Pvt.The Bank proposes to acquire up to 24. .The Chatterjee Group-promoted Captech Online Ltd.HDFC Bank has tied up with portal brainvisa. . HDFC Bank and ICICI Bank for mobile bill settlements.com has entered into an understanding with HDFC Bank and credit rating agency Icra. . ..com. .The Bank has tied up with Rajan Raheja-owned Hathway for providing banking at home as part of the Net-over-cable initiative of the latter in Mumbai.HDFC Securities Ltd.com.Spice Cell has tied up with Citibank N A. .com. for picking up equity in the company's Indian subsidiary Gasia. promoted by the HDFC group with equity participation from the Housing Development Finance Corporation Ltd.. .HDFC Bank has tied up with BPL Mobile for mobile commerce facility. has signed up with the HDFC Bank to introduce mobile commerce for the first time in the State. . .. a sports e-commerce site has tied up with HDFC Bank to provide an on-line payment gateways and marketing opportunities for a wide range of cricket sports gear on its on-line shop BatNext.The Gujarat Cellular operator Fascel..HDFC Bank has launched its 123rd outlet at Delhi Stock Exchange building at Asaf Ali Road.Singapore-based Growasia.The Bank has launched `Freedom .HDFC Bank launched its on-line bill payment facility in alliance with the Maharashtra State Electricity Board has also begun to offer bridge loans against fixed deposits of parent Housing Development Finance Corporation the financial institution. .HDFC Bank and Cosmos Bank launched a co-branded ATM card. Ltd.
HDFC Standard Life Insurance has launched a `Development Insurance Plan' a low cost life insurance product developed specifically to meet the needs of economically weaker sections. Thakur and Mr. . Amit Judge.com has entered into a strategic tie-up with HDFC Bank to provide Net banking services to online investors.HDFC Bank entered into a strategic tie-up with Tally Solutions Pvt. Ltd. . .Standard Chartered Bank. . RT Nagar. .The Bank has opened four ATMs outlets in Bangalore at Coles Road.S. S. .LTtrade. 2001 . .HDFC Bank will launch its credit card in June through link-ups with MasterCard and Visa. . have resigned from the board of the bank effective from March 30.HDFC Bank and Chase Capital Partners. Mr.The HDFC Bank and Airtel launched their mobile-banking service through WAP in Delhi.Two Directors.The Bank has launched the international Maestro debit card in association with Master Card.HDFC Bank files with US regulators to list more than 11 million American Depositary Shares on the New York Stock Exchange.HDFC Bank has launched a new campaign for its eage savings account. .HDFC Bank has launched wireless application protocol-based mobile-banking in Coimbatore and Trichy in association with Aircel. . to offer online real time accounting services to small and medium enterprises. has launched its brokerage services for retail investors in the Capital.HDFC Standard Life Insurance has entered into a memorandum of understanding with the Chennai-based Indian Bank.The Bank has opened its first branch in Aurangabad. 2002 . . Rajaji Nagar and Jaya Nagar on March 26. . HDFC Bank and Bharat Petroleum Corporation have joined the eCash Forum which has been set up by the Smart Card Forum of India. .
. The Board of Directors has accepted the same.HDFC Bank unveiled a new online account aggregation service `OneView'. Mrs Karnad shall represent the promoters of the bank i. The wealth management programme would cater to individual needs taking into account various factors such as customer's age. . Deepak Satwalekar. . . The bank introduced a non-interactive product named Financial Planner. The Board of Directors has co-opted Mrs Renu Karnad as Additional Director of the Bank. Managing Director of HDFC Standard Life Insurance Company Ltd. 1949.HDFC launched 'One View' service to customers . 1994 and shall complete the period of 8 yrs before the next scheduled board meeting. financial goals and risk profile. which would be available for all its customers for an annual fee starting from Rs 10. 1956. 2003 . .HDFC Bank unveils co-branded credit card with e-Seva. . . .Mrs. The bank is offering fee based advisory programme to the mass affluent segment.HDFC Bank Ltd has informed BSE that Mr Deepak Satwalekar has submitted his resignation as Director of the Bank. .HDFC Bank launched new products to its wealth management programme to increase its customer base.e. Mr.Orange JV with HDFC Bank. HDFC Ltd. 2003 approved the appointment of Mr. Satwalekar has submitted his resignation as Director of the Bank and the Board has accepted the same.Mediclaim facilities to HDFC Bank gold cardholders. Arvind Pande as an Additional Director pursuant to section 260 of the Companies Act.HDFC Bank unveils gold card . MFs and debt instruments such as RBI Relief Bonds. Also Mr.HDFC Bank opens first overseas representative office.HDFC opens its branch in Mangalore. In view of the provisions of the Banking Regulation Act..HDFC Bank unveils resident foreign currency account. Renu Karnad has been co-opted as an Additional Director of the Bank. which was earlier offered to high net worth customers. . has been on the Board of the Bank as nominee of HDFC Ltd since September 12. .HDFC Bank unveils Silver card in Hyderabad.HDFC Bank launched its 9th branch in Karnataka. . which includes equity.The Board of Directors of HDFC Bank Ltd at their meeting held on January 15.000.
2004.Escotel ties up with HDFC Bank for Global Debit Card. -Warburg Pincus sells 2% stake in HDFC for Rs 235 cr .400 equity shares to the employees of the Bank under the Employee Stock Option Scheme 2004 -Mr Ranjan Kapur & Mr Bobby Parikh appointed as Additional Directors -NMCE inks pact with HDFC Bank for warehouse receipts . IRCTC in tie up for online railway booking. .HDFC Bank and Bahraini Saudi Bank (BSB) have announced an alliance to cater to service the needs of the non-resident Indians (NRIs) in Bahrain. . . .HDFC Bank has entered into an alliance with Clearing Corporation of India Ltd (CCIL).HDFC bank Ltd has informed that Dr (Mrs) Amla Samanta has ceased to be a director of the Bank wef April 25. -Mumbai .HDFC Bank inks pact with ANB for remittance service .. -HDFC Bank repurchases HDFC loans worth Rs 208 cr -Launches Quickremit.HDFC enters into agreement with HDFC Bank to source housing loans. 2004 .Uma Krishnan resigns HDFC Bank as country head. -Board approved to allot 4.HDFC Bank introduces 'HDFC Bank Health Plus Credit Card'.HDFC Bank in collaboration with Tally Solutions is planning to launch electronic data interchange (EDI) system for small and medium enterprises (SMEs).EPFO JV with HDFC Bank for its pension distribution. . -Andhra Bank has entered into an alliance with HDFC Bank for sharing its network of automated teller machines (ATMs).HDFC Bank launches India's first mobile payment solution.HDFC Bank began selling home loans of its promoter Housing Development Finance Corporation (HDFC).HDFC Bank. .16. On March 29. . . a unique online service that enables NRIs in the US to send money to their relatives in India from the comfort of their homes.HDFC Bank's debt programme of Rs 400-crore has received triple A (ind) rating from CREDIT rating agency FITCH. The tie-up offers the latter's collateral borrowing and lending obligation (CBLO) product to cooperative banks that are not direct members of the negotiated dealing system (NDS). .
-HDFC Bank along with MasterCard International launched credit card targeted at small and medium-sized enterprises -HDFC Bank has tied up with US-based WL Ross and company LLC for investing in corporate restructuring -HDFC Bank unveils credit card for farmers 2006 -HDFC sets up two more branches in AP .HDFC Bank ties up with the International Bank of Qatar (IBQ) to launch banking services in Qatar.IKF Finance Ltd has entered in to a Joint Lending Arrangement with HDFC Bank Ltd 2005 -TMB forges alliance with HDFC Bank -HDFC Bank inaugurates first ATM in Hotel .HDFC Bank launches new scheme for Maruti 800 buyers. providing 85 per cent finance on the on-road price of the car for seven years.Osim to join hands with HDFC Bank for consumer loans .HDFC sets up two more branches in AP 2007 -HDFC Bank has signed an agreement with Tata Pipes to offer credit facilities to farmers across the country. -HDFC Bank wins Asiamoney award for Best Domestic Bank -HDFC Bank managing director Aditya Puri has been awarded the management man of the year by the Bombay Management Association (BMA) -HDFC Bank has entered into an agreement with Shrachi Securities Ltd.. for financing of multi-utility vehicles all over India -HDFC Bank has launched an online bill payment facility for its customers who are also subscribers to Tata Teleservices -HDFC Bank join hands with NCR Corporation to offer managed ATM services .HDFC Bank inaugurates VbV facility for online shopping . . the flagship company of the Kolkata-based Rs 300-crore Shrachi Group.HDFC Bank launches loyalty rewards programme for its debit and credit cardholders under the name InstaWonderz. .
HDFC Bank offers electronic payment collection facility to Guruvayoor Devaswom.With a view to attract long term deposits and prevent premature withdrawal when the interest rates peak. Harish Engineer as Executive Directors on the Board of Directors of the bank. . the housing finance major.HDFC Bank Wins µNasscom IT User Award The Year' .HDFC Bank Ties Up With Postal Department. HDFC. 2008 . a move that follows the Cash Reserve Ratio hike of 75 basis points by the Reserve Bank of India last month.The Asian Banker declares HDFC Bank the Best Retail Bank 2010 .e. . on 24th April 2007.HDFC Bank Opens Its First Overseas Branch In Bahrain .HDFC Bank Launches India¶s First Rural Banking BPO At Tirupathi .HDFC Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on October 12. Sukthankar & Mr. Mr. . has decided to pay variable interest rate on recurring deposits. The above appointments as Executive Directors of the Bank are subject to approval of Reserve Bank of India and of the Bank's shareholders. Pandit Palande as an additional Director of the Bank at the Board Meeting held today i. .HDFC Bank on Feb 19 increased the fixed deposit rates by up to 150 basis points across maturities. has been appointed Mr. Engineer have been senior employees of the Bank since 1994 and have held various positions of responsibility. .HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 1:29 .HDFC Bank launches µMeritus¶ Scholarship Programme.HDFC Bank Launches India¶s First Online Market Linkage Programme For Self Help Groups 2009 .HDFC Bank Bags Asiamoney Award for the Best Domestic Bank . 2007.-Hdfc Bank Ltd has appointed Mr. Paresh Sukthankar & Mr. Extends Rural Reach .
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.