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HDFC Bank

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HDFC Bank Ltd.

Public
Type
(BSE: 500180, NYSE: HDB)

Banking
Industry
Financial services

Founded August 1994

Founder(s) Deepak Parekh

Headquarters Mumbai, India

Jagdish Capoor
(Chairman)
Key people
Aditya Puri
(MD)

Investment Banking
Commercial Banking
Retail Banking
Products Private Banking
Asset Management
Mortgages
Credit Cards[1]

▲ 20,266.99 crore (US$4.4 billion)


Revenue
[2]
(2010)
▲ 4,419.01 crore (US$958.93
Operating income
million) (2010)[2]

▲ 3,032.92 crore (US$658.14


Profit
million) (2010)[2]

Total assets ▲ US$ 39.723 billion (2009)[2]

▼ 21,158.15 crore (US$4.59 billion)


Total equity
[2]
(2010)

Employees 51,888 (2010)[3]

Website HDFCBank.com

HDFC Bank Ltd. (BSE: 500180, NYSE: HDB) is a major Indian financial services company
based in Mumbai, 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 1,725 branches and over 4,232 ATMs, in 779 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.[4] For the fiscal year 2008-09, the bank has reported net profit of
2,244.9 crore (US$487.14 million), up 41% from the previous fiscal. Total annual earnings
of the bank increased by 58% reaching at 19,622.8 crore (US$4.26 billion) in 2008-09.[5]

Contents
[hide]
• 1 History
• 2 Business focus
○ 2.1 Wholesale banking services
○ 2.2 Retail banking services
○ 2.3 Treasury
• 3 Distribution network
• 4 References
• 5 External links

[edit] History
HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation
Limited (HDFC), India's largest housing finance company. It was among the first companies
to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in
the private sector. The Bank started operations as a scheduled commercial bank in January
1995 under the RBI's liberalisation policies.
Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with
HDFC Bank Ltd., in 2000. This was the first merger of two private banks in India.
Shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times
Bank.
In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more
than 1,000. The amalgamated bank emerged with a base of about Rs. 1,22,000 crore and net
advances of about Rs.89,000 crore. The balance sheet size of the combined entity is more
than Rs. 1,63,000 crore.
[edit] Business focus
HDFC Bank deals with three key business segments - Wholesale Banking Services, Retail
Banking Services, Treasury. It has entered the banking consortia of over 50 corporates for
providing working capital finance, trade services, corporate finance and merchant banking. It
is also providing sophisticated product structures in areas of foreign exchange and
derivatives, money markets and debt trading and equity research.
[edit] Wholesale banking services
The Bank's target market ranges from large, blue-chip manufacturing companies in the Indian
corp to small & mid-sized corporates and agri-based businesses. For these customers, the
Bank provides a wide range of commercial and transactional banking services, including
working capital finance, trade services, transactional services, cash management, etc. The
bank is also a leading provider of structured solutions, which combine cash management
services with vendor and distributor finance for facilitating superior supply chain
management for its corporate customers. HDFC Bank has made significant inroads into the
banking consortia of a number of leading Indian corporates including multinationals,
companies from the domestic business houses and prime public sector companies. It is
recognized as a leading provider of cash management and transactional banking solutions to
corporate customers, mutual funds, stock exchange members and banks.
[edit] Retail banking services
[[The objective of the Retail Bank is to provide its target market customers a full range of
financial products and banking services, giving the customer a one-stop window for all
his/her banking requirements. The products are backed by world-class service and delivered
to customers through the growing branch network, as well as through alternative delivery
channels like ATMs, Phone Banking, NetBanking and Mobile Banking.]] [[HDFC Bank was
the first bank in India to launch an International Debit Card in association with VISA (VISA
Electron) and issues the Mastercard Maestro debit card as well. The Bank launched its credit
card business in late 2001. By March 2009, the bank had a total card base (debit and credit
cards) of over 13 million. The Bank is also one of the leading players in the “merchant
acquiring” business with over 70,000 Point-of-sale (POS) terminals for debit / credit cards
acceptance at merchant establishments.]] The Bank is well positioned as a leader in various
net based B2C opportunities including a wide range of internet banking services for Fixed
Deposits, Loans, Bill Payments, etc.
[edit] Treasury
Within this business, the bank has three main product areas - Foreign Exchange and
Derivatives, Local Currency Money Market & Debt Securities, and Equities. These services
are provided through the bank's Treasury team. To comply with statutory reserve
requirements, the bank is required to hold 25% of its deposits in government securities. The
Treasury business is responsible for managing the returns and market risk on this investment
portfolio.
[edit] Distribution network

An HDFC Bank Branch


HDFC Bank is headquartered in Mumbai. The Bank has an network of 1,725 branches spread
in 771 cities across India. All branches are linked on an online real-time basis. Customers in
over 500 locations are also serviced through Telephone Banking. The Bank has a presence in
all major industrial and commercial centres across the country. Being a clearing/settlement
bank to various leading stock exchanges, the Bank has branches in the centres where the
NSE/BSE have a strong and active member base.
The Bank also has 3,898 networked ATMs across these cities. Moreover, HDFC Bank's
ATM network can be accessed by all domestic and international Visa/MasterCard, Visa
Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders.
[edit] References
1. ^ "HDFC_Bank_Annual_Report_0809". //www.hdfcbank.com.
http://www.hdfcbank.com/common/pdf/corporate/HDFC_Bank_Annual_Report_0809_I.pdf.
Retrieved 2010-07-26.
2. ^ a b c d e "Financial Tables". HDFC Bank Investor Relations.
http://www.bseindia.com/qresann/detailedresult_cons.asp?
scrip_cd=500180&qtr=65.5&compname=HDFC%20BANK%20LTD.&quarter=MC2009-
2010&checkcons=55c. Retrieved 2010-06-19.
3. ^ "HDFC Bank Directors Report, HDFC Bank Reports by Directors". Moneycontrol.com.
http://www.moneycontrol.com/annual-report/hdfcbank/directors-report/HDF01. Retrieved
2010-07-26.
4. ^ "HDFC bank shrinks advances - Livemint 14th January 2009". Livemint.com. 2009-01-14.
http://www.livemint.com/2009/01/14225111/HDFC-Bank8217s-advances-shr.html. Retrieved
2010-08-20.
5. ^ Share Manthan : http://www.sharemanthan.in/index.php/indian-companies/54-
banking/2149-hdfc-bank

[edit] External links


• Official site
• Meritus Scholarship Program - Online Registration Form
• Find IFSC Code of all HDFC BANK branches in India, or Branch Details by IFSC
Code
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Retrieved from "http://en.wikipedia.org/wiki/HDFC_Bank"
Categories: Companies listed on the Bombay Stock Exchange | Companies listed on the New
York Stock Exchange | Banks of India | Economy of Mumbai | Economy of Maharashtra |
Companies based in Mumbai | Banks established in 1994
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