HDFC Bank , India

About HDFC Bank

The Housing Development Finance Corporation Limited, popularly called HDFC Bank, was set up in India in the month of August in the year 1994 with the name “HDFC Bank Limited”. This was the 1st organization to be approved by R. B. I. (Reserve Bank of India) to establish a private sector bank. This happened as a part of the liberalization of the banking industry in the country by R. B. I. in the same year.

However, this scheduled business bank started its operations mainly from January, 1995. Headquartered in the city of Mumbai, this is one of the main companies involved in housing finance. With an aim to be a world class bank, this bank in India holds a good track record of performance in both national as well as global markets. Post completion of the last quarter on 30th September, 2011, the total income of the bank increased by 37.4 % as compared to this same quarter of 2010.

Awards won by HDFC Bank
The following table provides information about some of the awards won by the bank in the current year:

Sl. No.	Name of Award	Category
1	Asian Banker	Asia Pacific’s strongest bank
2	Bloomberg U. T. V.'s Financial Leadership Awards, 2011	Best bank
3	C. N. B. C. Television 18's Best Bank and Financial Institution Awards	Best bank
4	D. S. C. I. (Data Security Council of India) Excellence Awards, 2011	Banking security
5	Dun and Bradstreet Banking Awards, 2011	Best S. M. E. financing private bank
6	Euromoney Awards for Excellence, 2011	Best Indian bank
7	Finance Asia Country Awards 2011: India	Best bank (General, cash management and trade finance)
8	Financial Express Best Bank Survey 2010 - 2011	1st in soundness and strength 2nd in private sector
9	I. B. A. Productivity Excellence Awards, 2011	Private sector’s Channel Adopter (New)
10	I. D. C. – F. I. I. A. Awards, 2011	Excellent customer experience
11	I. S. A. C. A., 2011	1st in I. T. security and governance

Products and Services of HDFC Bank

This famous private sector bank is involved in the following banking services:

NRI Banking

This banking service includes opening of accounts, deposits, insurance, investments, money transfer, loans as well as premium banking. These products are mainly meant for people earning outside India.

Personal Banking

The personal banking service can again be sub-divided into the heads:

1. Accounts and Deposits: The bank offers different kinds of accounts to be opened with them like current accounts, demat or dematerialized accounts, fixed deposits, recurring deposits, safety lockers, salary accounts and savings accounts.
2. Cards: They have got credit, debit as well as prepaid cards of varied advantages, which are widely used by people.
3. Insurance and Investment: This service offered by the bank includes mutual funds, life insurances, tax saving options, general insurances, health insurances, bonds etc.
4. Loans: HDFC Bank provides loans for multi categories such as car (New and used), commercial vehicle, education, gold, home, personal, retail-agriculture, tractor, two wheeler and many more.

Apart from these major services, personal banking of this bank includes many other services, some of which are mentioned below:

1. ATM
2. Forex Services
3. InstaAlerts
4. MobileBanking
5. NetBanking
6. PhoneBanking

Wholesale Banking

This is mainly meant for banking transactions carried on by the different government sectors, medium and small sized enterprises, corporate companies and varied other financial trusts and institutions. Investment banking is even a part of wholesale banking.

Contact Details of HDFC Bank

The head office of this bank is located at the following address:

Ramon House,
169, Backbay Reclamation
5th Floor, Mumbai – 400 020,
Maharashtra, India.
Tel.: + 91 – 022 - 22850032
E-mail: investor.helpdesk@hdfcbank.com
Official website: www.hdfcbank.com/

Last Updated on 12/20/2011

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