HDFC BANK

HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai, Maharashtra. HDFC Bank is India’s largest private sector bank by assets and by market capitalisation as of April 2021. It is the third largest company by market capitalisation on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 120,000 employees. HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation.

HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, and personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. Along with this various digital products are Payzapp and Smart BUY. In March 2020, HDFC (parent company of HDFC BANK) made an investment of ₹1,000 crores in Yes Bank.

The bank’s core values are excellence, customer focus, product leadership, and people, sustainable. HDFC Bank Limited (the Bank) is a holding company. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products.

At HDFC Bank they are helping to transform lives of millions of Indians through our social initiatives. These initiatives come under the umbrella of ‘Parivartan’ and they aim to contribute towards the economic and social development of the country by sustainably empowering its communities. Parivartan has been a catalyst in making a difference in the lives of people through its interventions in the areas of rural development, education, skill development and livelihood enhancement, healthcare & hygiene and financial literacy.

Their shareholding pattern consists of Promoters and Promoter Group having 25.89% of shares, Public having 13.10% shares, Government having 0.16% following by FII’s having 39.39% shares and DII’s with 21.46% shares.