HDFC Bank

History
1.Establishment: Housing Development Finance Corporation Limited
(HDFC) was established in 1977 as a specialized housing finance
company in India, providing home loans and related financial services.
2.Diversification: Over time, HDFC expanded its services to include
banking, insurance, and asset management, making it a diversified
financial services company.
3.HDFC Bank: HDFC Bank was incorporated in 1994, and it
commenced its banking operations. It was promoted by HDFC as a
subsidiary and focused on retail and wholesale banking.
Ownership
• *HDFC Bank is a publicly traded company, and ownership is
distributed among various shareholders.
• It is not owned by a single entity. Shareholders include institutional
investors, retail investors, and foreign investors.
• The largest shareholders are typically mutual funds, insurance
companies, and other financial institutions.
Global influence
HDFC Bank, like other Indian banks, has been influenced by global financial trends and practices. Its
expansion into the banking sector and diversification into various financial services were influenced by
international banking practices and the need to offer a wide range of financial products to customers.

HDFC Bank has also expanded its international presence by setting up branches and subsidiaries in
several countries. This international expansion is part of the broader trend of Indian banks seeking a
global footprint and serving the needs of the Indian diaspora and global business.

HDFC Bank has adopted international best practices in areas like risk management, technology
adoption, and customer service to stay competitive in the global financial landscape.

In summary, HDFC Bank's history is marked by its evolution from a housing finance company to a
diversified financial services provider, with a global presence. It has been influenced by global financial
trends and has strived to meet international standards in the banking and financial industry.