HDFC Bank Limited, headquartered in Mumbai, Maharashtra, is a wholly owned subsidiary of Housing Development Finance Corporation. As of June 30, 2019, it had 104,154 permanent jobs. By assets, HDFC Bank is India's largest private sector bank. As of March 2020, it is India's largest bank by market capitalization. The RBI granted Housing Development Finance Corporation (HDFC) 'in principle' permission to establish a private sector bank in 1994. HDFC Bank Limited was established in August 1994 and received its banking licence in January 1995. In Mumbai, the first office was established at Ramon House, Churchgate. The headquarters of HDFC Bank are in Mumbai. The bank now has an impressive network of 1416 branches spread across 550 cities in India. Both branches are linked in real time through the internet. Telephone Banking is available to customers in over 500 cities. In addition, the Bank operates a network of over 3382 networked ATMs in these cities.
History Of HDFC Bank
The RBI granted Housing Development Finance Corporation (HDFC) 'in principle' permission to establish a private sector bank in 1994. HDFC Bank Limited was established in August 1994 and received its banking licence in January 1995. In Mumbai, the first office was established at Ramon House, Churchgate. HDFC, the company's promoter, was established in 1977 and is India's premier housing finance company, with an impeccable track record in both domestic and foreign markets. HDFC has extensive experience in residential home lending to a variety of industry sectors, as well as a strong business customer base with housing-related credit facilities. The combined company currently has a solid deposit base of approximately Rs. 1,22,000 crore and net advances of approximately Rs. 89,000 crore. The merged entity's balance sheet will be over Rs. 1,63,000 crore. HDFC Bank benefited from the merger in terms of expanded branch network, regional presence, and customer base, as well as a larger pool of trained manpower.
Times Bank Limited (another emerging private sector bank promoted by Bennett, Coleman & Co. / Times Group) was merged with HDFC Bank Ltd. on February 26, 2000, in a landmark merger in the Indian banking industry. In the New Generation Private Sector Banks, this was the first merger between two private banks. HDFC Bank provides wholesale and retail customers with a wide variety of commercial and transactional banking services as well as treasury products. The bank operates in three distinct market divisions.
HDFC Bank Contact Us
The Housing Development Finance Corporation (HDFC) is a private Indian bank. The HDFC bank
customer care number can be found here. As part of the Reserve Bank of India's (RBI) liberalisation of the Indian banking industry in 1994, it was one of the first to obtain a "in theory" permission to open a bank in the private sector. The headquarters of HDFC Bank are in Mumbai.
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