HDFC Bank 1

HDFC Bank

Type Public
[1] [2]
(BSE:  500180 , NYSE:  HDB )

Industry Banking
Financial services

Founded August 1994

Founder(s) Bibu Verghese

Headquarters Mumbai, India

Key people C.M. Vasudev

(Chairman)
Anand Dubey
(MD)

Products Investment Banking

Commercial Banking
Retail Banking
Private Banking
Asset Management
Mortgages
[3]
Credit Cards

Revenue [4]
20266.99 crore (US$ 4.6 billion) (2010)

Operating income [4]

4419.01 crore (US$ 1 billion) (2010)

Profit [4]
3032.92 crore (US$ 688.47 million) (2010)

Total assets [4]

US$ 39.723 billion (2009)

Total equity [4]

21158.15 crore (US$ 4.8 billion) (2010)

Employees [5]
51,888 (2010)

Website [6]
HDFCBank.com

HDFC Bank Ltd. (BSE: 500180 [1], NYSE: HDB [2]) 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 1,725 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.[7] For the fiscal year 2008-09, the bank has reported net profit of 2244.9 crore (US$ 509.59 million), up
41% from the previous fiscal. Total annual earnings of the bank increased by 58% reaching at 19622.8 crore
(US$ 4.45 billion) in 2008-09.[8]
HDFC Bank 2

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.

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.

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.

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.
HDFC Bank 3

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.

Distribution network
HDFC Bank is headquartered in Mumbai. The Bank has an
network of 2000 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 An HDFC Bank Branch

domestic and international Visa/MasterCard, Visa

Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders.

References
[1] http:/ / www. bseindia. com/ stockreach/ stockreach. htm?scripcd=500180
[2] http:/ / www. nyse. com/ about/ listed/ quickquote. html?ticker=hdb
[3] "HDFC_Bank_Annual_Report_0809" (http:/ / www. hdfcbank. com/ common/ pdf/ corporate/ HDFC_Bank_Annual_Report_0809_I. pdf).
//www.hdfcbank.com. . Retrieved 2010-07-26.
[4] "Financial Tables" (http:/ / www. bseindia. com/ qresann/ detailedresult_cons. asp?scrip_cd=500180& qtr=65. 5& compname=HDFC BANK
LTD. & quarter=MC2009-2010& checkcons=55c). HDFC Bank Investor Relations. . Retrieved 2010-06-19.
[5] "HDFC Bank Directors Report, HDFC Bank Reports by Directors" (http:/ / www. moneycontrol. com/ annual-report/ hdfcbank/
directors-report/ HDF01). Moneycontrol.com. . Retrieved 2010-07-26.
[6] http:/ / www. hdfcbank. com/
[7] "HDFC bank shrinks advances - Livemint 14th January 2009" (http:/ / www. livemint. com/ 2009/ 01/ 14225111/
HDFC-Bank8217s-advances-shr. html). Livemint.com. 2009-01-14. . Retrieved 2010-08-20.
[8] Share Manthan : http:/ / www. sharemanthan. in/ index. php/ indian-companies/ 54-banking/ 2149-hdfc-bank

External links
• Official site (http://www.hdfcbank.com/)
• Meritus Scholarship Program - Online Registration Form (http://www.hdfcbank.com/meritus/register_now.
asp)
• List of HDFC Bank IFSC Codes (http://bizwise.in/ifsc/hdfc-bank.html)
• Find IFSC Code of all HDFC BANK branches in India, or Branch Details by IFSC Code (http://bankifsccode.
com/HDFC_BANK_LTD)
Article Sources and Contributors 4

Article Sources and Contributors

HDFC Bank  Source: http://en.wikipedia.org/w/index.php?oldid=398901887  Contributors: 219.106の者, Abecedare, Amitauti, Andrew c, Anurag online, Arsenikk, Baronnet, Bhadani, Buck
Mulligan, CR85747, Centrx, Chasingsol, Dewan357, Diannaa, Emote, Eskimospy, Flewis, Generalboss3, IndianGeneralist, Indusmedia, Iridescent, Jamcib, Jay.Here, Jesse Viviano, Jmpandya,
JonHarder, Jovianeye, Jpoonnolly, Kappen ancil, Karthikemuthu, KuwarOnline, LeaveSleaves, Linguisticgeek, Logicwiki, MER-C, Minderbinder, Naveenpf, Nirjharvarshney, Oxymoron83,
Pcushing, Piano non troppo, Pravsr, Purenet, Rakessh.mehta, Reason turns rancid, Rich Farmbrough, Ronak123, Ruksh, RyanGerbil10, Shoeofdeath, Sooryah, Species8473, Tj1669, Vegaswikian,
Vimalkalyan, Vinaypnair, Warpspeed, Wikieditor06, Winodhello, 142 anonymous edits

Image Sources, Licenses and Contributors

File:HDFC Bank Logo.svg  Source: http://en.wikipedia.org/w/index.php?title=File:HDFC_Bank_Logo.svg  License: unknown  Contributors: HDFC Bank Ltd.
File:Increase2.svg  Source: http://en.wikipedia.org/w/index.php?title=File:Increase2.svg  License: unknown  Contributors: Sarang
Image:Indian Rupee symbol.svg  Source: http://en.wikipedia.org/w/index.php?title=File:Indian_Rupee_symbol.svg  License: unknown  Contributors: User:Orionist
File:Decrease2.svg  Source: http://en.wikipedia.org/w/index.php?title=File:Decrease2.svg  License: Public Domain  Contributors: User:Sarang
File:An HDFC Bank Branch.jpg  Source: http://en.wikipedia.org/w/index.php?title=File:An_HDFC_Bank_Branch.jpg  License: Creative Commons Attribution-Sharealike 3.0  Contributors:
User:Jay.Here

License
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