HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 111,208 permanent employees as of 30 September 2019.[8] HDFC Bank is India’s largest private sector lender by assets.[9] It is the largest bank in India by market capitalisation as of February 2016.[10] It was ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands
History
HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, 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 June 30, 2019, the Bank's distribution network was at 5,130 branches across 2,764 cities. The bank also installed 4.30 Lakhs POS terminals and issued 235.7 Lakhs debit cards and 85.4 Lakhs 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.[12]
Merged
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.[13] 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
History
HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, 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 June 30, 2019, the Bank's distribution network was at 5,130 branches across 2,764 cities. The bank also installed 4.30 Lakhs POS terminals and issued 235.7 Lakhs debit cards and 85.4 Lakhs 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.[12]
Merged
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.[13] 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
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