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HDFC Bank

HDFC Bank
Company nameHDCF Bank Limited
Company typePublic
IndustryBanking
Financial services
FoundedAugust 1994
HeadquartersMumbai, India
Area servedWorldwide
Key peopleAditya Puri (MD)
ProductsFinance and insurance
Investment Banking
Commercial Banking
Retail Banking
Private Banking
Asset Management
Mortgages
Credit Cards
Revenue(+) 24628.38 Crore (2011)
Operating income(+) 7885.28 Crore (2011)
Net income(+) 4017.69 Crore (2011)
Total assets(+) $53.670 billion (2010)
Total equity(+) $6.787 billion (2010)
Employees51,888 (2010)

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HDFC Bank Limited (BSE - 500180, NSE - HDFCBANK, Nyse - HDB) is a major Indian financial services company based in India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. The Bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India. HDFC Bank has 1,986 branches and over 5,471 ATMs, in 996 cities in India, and all branches of the bank are linked on an online real-time basis. As of 30 September 2008 the bank had total assets of Rs.1006.82 billion. For the fiscal year 2010-11, the bank has reported net profit of 3926.30 Crore, up 33.1% from the previous fiscal. Total annual earnings of the bank increased by 20.37% reaching at 24263.4 Crore in 2010-11.

It is one of the Big Four banks of India, along with State Bank of India, ICICI Bank and Punjab National Bank-its main competitors.


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