HDFC Bank India, announced the arrival of the new generation, technology driven commercial banks in India. HDFC Bank in India was set up in August 1994 with the approval of Reserve Bank of India. The bank was promoted by Housing Development Finance Corporation Limited, a premier housing finance company of India (set up in 1977).
Financial Position
Net Profit of HDFC Bank,India for the year ended March 31, 2007, was INR 11.41 billion compared to INR 8.7 billion in 2006.
Infrastructure and Operations
Currently, HDFC Bank,India has over 700 branches located in over 300 cities of India, and all branches of the HDFC Bank, India are
linked on an online real-time basis. The bank has over 1600 ATMs which is about to increase further in the coming months.
Besides, HDFC Bank is known to provide many innovative products & services to individuals, corporates, trusts,governments, partnerships, financial institutions, mutual funds and insurance companies.
HDFC Bank in India operates on the following basic segments:
- Personal Banking – Encompasses all financial dealings between a commercial bank and an individual.
- Wholesale Banking – Deals with all sorts of financial dealings with Corporates, medium and small Enterprises,Financial Institutions and Trusts as well as the Government Sector.
- NRI Banking – Consists of personal banking relations with the Non Resident Indians (NRIs).
HDFC Bank has been recognized, rated and awarded by a number of organizations (on successfully operating in India for over a decade).
HDFC Home Loans
HDFC India Credit Card
HDFC Personal Loans
