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HDFC Bank

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HDFC Bank Limited
Company typePublic
BSE: 500180
NSE: HDFCBANK
NYSE: HDB
BSE SENSEX Constituent
CNX Nifty Constituent
IndustryBanking, financial services
FoundedAugust 1994
HeadquartersMumbai, Maharashtra, India
Area served
India
Key people
Aditya Puri (MD)[1]
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management[2]
RevenueIncrease₹81,602 crore (US$9.5 billion) (2017)[3]
Increase ₹25,732 crore (US$3.0 billion) (2017)[3]
Increase₹14,550 crore (US$1.7 billion) (2017)[3]
Total assetsIncrease₹863,840 crore (US$100 billion) (2017)[4]
Number of employees
177,000 (2003) Edit this on Wikidata
WebsiteHDFCBank.com

HDFC (Housing Development Financial Corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra, and has a presence in Bahrain, Hong Kong and Dubai.[6] HDFC Bank is India’s largest private sector lender by assets.[7] It is the largest bank in India by market capitalization as of February 2016.[8] It was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands.[9]

History

In 1994 HDFC Bank was incorporated, with its registered office in Mumbai, India. Its first corporate office and a full service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.

As of December 31, 2017, the bank's distribution network was at 4,734 branches and 12,333 ATMs across 2,672 cities and towns. The bank also installed 4.30 Lacs POS terminals and issued 235.7 Lacs debit cards and 85.4 Lacs credit cards in FY 2017. [10]

Products and services

HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two wheeler loans, personal loans, loans against property and credit cards.[11]

The latest entry in the league is 'Project AI',[12] under which HDFC Bank, over the next few weeks, would deploy robots at select bank branches. These robots will offer options such as cash withdrawal or deposit, forex, fixed deposits and demat services displaying on a screen to customers.[13]

Acquisitions

HDFC Bank merged with Times Bank in February 2000. This was the first merger of two private banks in the New Generation private sector banks category.[14] In 2008, Centurion Bank was acquired by HDFC Bank. HDFC Bank Board approved the acquisition of CBoP for 95.1 billion INR in one of the largest mergers in the financial sector in India.[15]

Listings and shareholding

The equity shares of HDFC Bank are listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its American Depository Shares are listed on NYSE and the global depository receipt are listed on the Luxembourg Stock Exchange where two GDRs represent one equity share of HDFC Bank.

Shareholders (as of 31 December 2015) Shareholding[16]
Promoter group (HDFC) 21.57%
Foreign institutional investors (FII) 32.4%
Individual shareholders 8.5%
Bodies corporate 7.5%
Insurance companies 5.38%
Mutual funds/UTI 8.65%
NRI/OCB/others 0.29%
Financial institutions/banks 2.75%
ADS/GDRs 18.78%

[16]

Awards and recognition

  • Best Banking Performer, India in 2016 by Global Brands Magazine Award.[17]
Best Performing Branch in Microfinance among private sector banks by NABARD, 2016 Award for Best Performance in Microfinance[18]
KPMG study of India's Best Banks Bank of the year & best digital banking initiative award 2016[19]
AIMA Managing India Awards 2015 Business leader of the year- Aditya Puri[20]
BrandZ Rankings Most Valued brand in India for third successive year[21]
FinanceAsia poll on Asia's Best Companies 2015 Best managed public company - India[22]
Barron's World's 30 Best CEOs - Aditya Puri[23]
J. P. Morgan Quality Recognition Award Best in class straight through processing rates[24]

See also

References

  1. ^ "HDFC Bank Senior Management". HDFC Bank Limited. 8 November 2016. Retrieved 8 November 2016.
  2. ^ "Balance Sheet of HDFC Bank". moneycontrol.
  3. ^ a b c "HDFC Bank 2017". Retrieved 1 December 2017.
  4. ^ "HDFC Bank 2017" (PDF). Retrieved 1 December 2017.
  5. ^ https://www.logotaglines.com › Banks
  6. ^ "Times of India". HDFC Bank opens Branch in Dubai. Times of India. 25 August 2014.
  7. ^ "HDFC Bank most valuable brand in India: WPP study". Livemint. Livemint. 10 September 2015.
  8. ^ "Largest bank by Market capitalization". MoneyControl. MoneyControl.
  9. ^ "HDFC Bank among top 100 Most Valuable Global brands" (PDF). hdfcbank.com.
  10. ^ https://www.hdfcbank.com/htdocs/common/pdf/corporate/PressRelease-Financial-Results-for-Quarter-and-Nine-months-ended-December-31-2017.pdf
  11. ^ "HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more". business.mapsofindia.com. Retrieved 16 July 2016.
  12. ^ "Financial Express". Soon, robot to greet you at HDFC Bank. 29 August 2016.
  13. ^ "FirstPost". At HDFC Bank, a robot will soon guide you for cash withdrawal, deposit etc. 29 August 2016.
  14. ^ "HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank - NDTVProfit.com". profit.ndtv.com. Retrieved 16 July 2016.
  15. ^ "HDFC Bank to acquire Centurion Bank of Punjab". Banknet India.
  16. ^ a b "HDFC bank listing & shareholding". Money Control.
  17. ^ Global Brands Magazine Award 2016 winners
  18. ^ "HDFC Bank wins microfinance award from NABARD in Goa". Times of India. 22 January 2016. Retrieved 1 March 2016.
  19. ^ "Bank of the Year/ Digital Bank: HDFC BANK". Business Today. Retrieved 1 March 2016.
  20. ^ "AIMA Managing India Awards 2015 – 6th Edition". Affairs Cloud. 18 April 2015.
  21. ^ "livemint". HDFC Bank is still India’s most valuable brand: Brandz ranking. 22 September 2016.
  22. ^ "Asia's best managed companies, part 3". FinanceAsia. 20 March 2015.
  23. ^ "HDFC Bank MD Aditya Puri in Barron's list of 30 best CEOs". Times of India. 22 March 2015.
  24. ^ "Top 10 Banks in India 2015". MBA Skool.
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