HDFC Bank
| Personal information | |
|---|---|
| Full name | HDFC Bank |
| Company type | Public |
| Founded | August 1994 Mumbai, Maharashtra, India
|
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, It is India's largest private sector bank by assets and market capitalisation.
History
[edit]HDFC Bank was incorporated in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC Ltd), after receiving approval from the Reserve Bank of India under the liberalisation policy for private sector banks. The bank commenced operations in January 1995 in Mumbai. Its first full-service branch was inaugurated at Sandoz House, Worli, marking the beginning of its journey in India’s modern private banking sector.
In February 2000, HDFC Bank completed its first major merger by acquiring Times Bank, which was India’s first voluntary bank merger. In 2008, it acquired Centurion Bank of Punjab in one of the largest financial sector deals in India at that time. These strategic expansions strengthened its nationwide presence and significantly increased its customer base and branch network.
A historic milestone occurred in April 2022 when HDFC Ltd announced its merger with HDFC Bank, creating India’s largest-ever merger in the financial sector. The merger was completed on 1 July 2023, making HDFC Bank one of the world’s most valuable banks by market capitalisation and the second-largest bank in India by assets after State Bank of India. This merger significantly expanded its workforce, branch network, and home loan portfolio.
Operations
[edit]HDFC Bank operates an extensive network of over 8,700 branches and more than 20,000 ATMs across thousands of Indian cities and villages. It provides retail banking, wholesale banking, treasury operations, digital banking, and loan products including home, auto, personal, and business loans. The bank also operates internationally through listings on the NYSE and serves customers via digital platforms, mobile banking, and internet banking services. It is classified as a Domestic Systemically Important Bank (D-SIB) by the Reserve Bank of India due to its size and financial stability.
Business career
[edit]A career at HDFC Bank offers opportunities in retail banking, corporate banking, risk management, finance, IT, digital innovation, operations, and customer relationship management. With over 170,000 employees, the bank provides structured training programs, leadership development initiatives, and performance-based growth opportunities. Employees gain exposure to large-scale financial operations, fintech integration, compliance frameworks, and customer-focused banking services, making it one of the most sought-after banking employers in India.
Ideology
[edit]The ideology of HDFC Bank is centered on financial inclusion, customer trust, operational excellence, and strong corporate governance. The bank emphasizes ethical banking practices, risk management discipline, technological innovation, and long-term value creation for shareholders and customers. Its mission focuses on delivering reliable, transparent, and accessible financial services while contributing to India’s economic growth and maintaining systemic stability within the banking sector.
Social Links
[edit]References
- ^^ Jump up to: a b www.hdfc.bank.in "Who We Are – Overview of Our Mission & Values | HDFC Bank". www.hdfc.bank.in. Retrieved 2026-01-14.
- ^ Jump up to: a b " thehindu.com" "RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank" . Retrieved 2026-01-10.
- ^ Jump up to: a b c "Balance Sheet of HDFC Bank". moneycontrol. Retrieved 2025-12-17.
- ^ The Economic Times "Financial Results Q4FY25". HDFC Bank . Retrieved 2025-12-17.
- ^ Jump up to: a b "About HDFC Bank". "HDFC Bank" . 2025-12-09. ISSN 0971-8257. Retrieved 2025-12-17.
- ^ Jump up to: a b "MSN". www.msn.com. Retrieved 2025-12-17.