In August, 1994 the Housing Development Finance Corporation Limited ('''HDFC''') was incorporated in the name of HDFC Bank Limited. The Reserve Bank of India has approved in principle to set up private banks. HDFC was one of the first organizations to receive in principle approval from RBI. The HDFC Bank has its registered office in Mumbai. In January 1995, the operations of HDFC Bank as a commercial bank has commenced. In India and in international markets HDFC has an impeccable track record. HDFC has maintained a healthy growth and a consistency in its operations and remained as a leader in market of mortgages. The portfolio of HDFC’s outstanding loan has a million dwelling units. HDFC has a large corporate client base for housing related credit facilities. HDFC was ideally positioned to promote a bank in the Indian market with its experience and strong reputation in market of finance.
Mission Statement of HDFC Bank
To be a world class Indian bank
Objective
- To build customer franchises across distinct businesses
- To achieve healthy growth in profitability
- To be the preferred provider of banking services for target retail and wholesale customer segments
Strengths
- Highest level of ethical standards
- Professional integrity
- Corporate governance
- Regulatory compliance
Business Philosophy
The four values are the bank’s business philosophy,
- Operational Excellence
- Customer Focus
- Product Leadership
- People
Management
Chairman -- In July 2001 Mr. Jagdish Capoor has taken the responsibilities of the bank as Chairman. He was a Deputy Governor of the RBI Managing
Director – Mr. Aditya Puri is the managing director of the HDFC bank, Before he was with CitiBank as a head for operations in Malaysia
Board of Directors – The members of the HDFC bank’s Board of Directors are senior banking professionals with experience in abroad and India, who head various businesses.
Awards
With its strengths and its talented people the HDFC banks has made all its efforts to achieve its mission to be World Class Indian bank. Its services are recognized not only nationally but also internationally. The HDFC bank is appreciated with so many awards like Best Bank in India, Most Trusted Brand Runner Up, Best Domestic Bank in India for its services.
Products and Services Offered by HDFC Bank
- HDFC Fixed Deposit
- HDFC Phone Banking
- HDFC Credit Card
- HDFC Student Bank Account
- HDFC Netbanking
- HDFC NRI
- HDFC Car Loans
- HDFC Mutual Fund
Address and Important Phone numbers of HDFC Bank
List of all HDFC branches information can be found in the link : HDFC Branches