HDFC Bank Ltd. history, profile and corporate video
HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra, India. It was incorporated in August 1994 in the name of HDFC Bank Limited (Housing Development Finance Corporation).
In February 2000, HDFC Bank merged with Times Bank. Times Bank, also known as The Times Group, was established by Bennett, Coleman and Co. Ltd. and it was considered India’s largest media conglomerate, at that time.
In 2008, HDFC Bank acquired Centurion Bank.
The company operates through the following business segments: Retail Banking, Wholesale Banking, and Treasury.
The Retail Banking segment involves financial products and services, such as: deposits, loans, cards, credit cards, payments, bonds, mutual funds, insurances, and others.
The Wholesale Banking segment provides a wide range of commercial and transactional banking services, including working capital finance, trade services, transactional services, cash management, etc. It also provides cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks.
The Treasury segment involves the following main product areas – Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities.
With more than 88 000 employees, HDFC Bank Limited is considered one of India’s leading private banks, one of India’s largest private-sector lenders by assets, and one of the largest banks in India by market capitalization. According to Forbes, it is considered one of the Top Regarded Companies and one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.hdfcbank.com”.
**Video published on YouTube by “HDFC Bank“.