HDFC Bank: Difference between revisions

From Bharatpedia, an open encyclopedia
(change link)
 
m (Removed empty portal template using script)
 
(3 intermediate revisions by 3 users not shown)
Line 4: Line 4:
{{Use dmy dates|date=December 2020}}
{{Use dmy dates|date=December 2020}}
{{Infobox company
{{Infobox company
| name               = HDFC Bank Limited
| name = HDFC Bank Limited
| logo               = HDFC Bank Logo.svg
| logo = HDFC Bank Logo.svg
| logo_size          =  
| image =  
| type               = [[Public company|Public]]
| image_caption = [[Corporate headquarters|Headquarters]] in [[Mumbai, India]]
| traded_as           = {{ubl|{{NSE|HDFCBANK}}|{{BSE|500180}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| type = [[Public company|Public]]
| logo_caption       =  
| traded_as = {{ubl|{{NSE|HDFCBANK}}|{{BSE|500180}}|{{NYSE|HDB}} (ADS)|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| area_served         = India
| logo_caption =  
| key_people         = {{ubl|Atanu Chakraborty <br /> (Chairman) <ref>{{cite news |url= https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|title=rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank|publisher=thehindu.com|access-date=22 April 2021}}</ref>| Sashidhar Jagdishan<br />([[Chief executive officer|CEO]])}}
| area_served = India
| owner              = [[Housing Development Finance Corporation]] (25.7%)
| key_people = {{ubl|[[Atanu Chakraborty]] <br /> ({{small|Chairman}})<ref>{{cite news|url=https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|title=RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank|publisher=thehindu.com|access-date=22 April 2021|archive-date=23 April 2021|archive-url=https://web.archive.org/web/20210423060640/https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|url-status=live}}</ref>| Sashidhar Jagdishan<br />({{small|[[Chief executive officer|CEO]])}}}}
| ISIN                = INE040A01034
| ISIN = {{ISIN|sl=n|pl=y|INE040A01034}}
| industry           = [[Financial services]]|
| industry = [[Financial services]]
| products           = {{ubl|[[Credit cards]]|[[Retail banking|Consumer banking]]|[[Commercial banking]]|[[Financial services|Finance and insurance]]|[[Investment banking]]|[[Mortgage loan]]s|[[Private banking]]|[[Private equity]]|[[Wealth management]]<ref name="AR201213">{{cite web|url = http://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01|title = Balance Sheet of HDFC Bank|publisher = moneycontrol}}</ref>}}
| products = {{ubl|[[Credit cards]]|[[Retail banking|Consumer banking]]|[[Commercial banking]]|[[Financial services|Finance and insurance]]|[[Investment banking]]|[[Mortgage loan]]s|[[Private banking]]|[[Private equity]]|[[Wealth management]]<ref name="AR201213">{{cite web|url = http://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01|title = Balance Sheet of HDFC Bank|publisher = moneycontrol|access-date = 7 January 2016|archive-date = 4 April 2020|archive-url = https://web.archive.org/web/20200404003111/https://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01|url-status = live}}</ref>}}
| revenue             = {{Increase}} {{INRConvert|155885|c}}<ref name=pnl>{{Cite web|title=HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/hdfcbank/consolidated-profit-lossVI/hdf01|access-date=24 August 2020|website=moneycontrol.com|language=en}}</ref>
| revenue = {{Increase}} {{INRConvert|2.05|lc|lk=on}}<ref name=pnl>{{Cite web|title=HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts|url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Signed-Results-March-2023.pdf}}</ref>
| revenue_year       = 2021
| revenue_year = 2023
| operating_income   = {{Increase}} {{INRConvert|61636|c}}<ref name=pnl/>
| operating_income = {{Increase}} {{INRConvert|61498.39|c}}<ref name=pnl/>
| income_year         = 2021
| income_year = 2023
| net_income         = {{Increase}} {{INRConvert|31857|c}}<ref name=pnl/>
| net_income = {{Increase}} {{INRConvert|45997.11|c}}<ref name=pnl/>
| net_income_year     = 2021
| net_income_year = 2023
| assets             = {{Increase}} {{INRConvert|1746870|c}}<ref name=bs>{{Cite web|title=HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/hdfcbank/consolidated-balance-sheetVI/hdf01|access-date=24 August 2020|website=moneycontrol.com|language=en}}</ref>
| assets = {{Increase}} {{INRConvert|25.3|lc}}<ref name=bs>{{Cite web|title=HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts|url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Signed-Results-March-2023.pdf}}</ref>
| assets_year         = 2021
| assets_year = 2023
| equity             = {{Increase}} {{INRConvert|203169|c}}<ref name=bs/>
| equity = {{Increase}} {{INRConvert|2.85|lc}}<ref name=bs/>
| num_employees       = 1,20,093 (2021)<ref name=arep>{{Cite web|last=Bank|first=HDFC|title=HDFC Bank Annual Report 2021|url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/annual%20reports/pdf/HDFC-Bank-Integrated-Annual-Report-2020-21.pdf |website=hdfcbank.com}}</ref>
| equity_year = 2023
| equity_year        = 2020
| num_employees = 1,77,000 (1 July 2023)<ref name=arep>{{Cite web|publisher=NDTV|title=HDFC-HDFC Bank Merger |url=https://www.ndtv.com/india-news/hdfc-bank-merger-live-hdfc-to-be-among-worlds-most-valuable-banks-after-todays-merger-10-points-4168174 |access-date=2023-03-11}}</ref>
| hq_location_city   = Mumbai, [[Maharashtra]]
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India
| hq_location_country = India
| foundation         = {{start date and age|df=y|p=y|August 1994}}
| foundation = {{start date and age|df=y|p=y|1st July 2023}} (via the merger between HDFC-HDFC bank)| homepage = {{Official url}}
| homepage           = {{URL|www.hdfcbank.com/}}
| subsid = [[HDFC Life]]<br/>[[HDFC ERGO General Insurance Company|HDFC ERGO]]<br />[[HDFC Securities]]<ref>{{cite web |last1=Securities |first1=HDFC |title=About Us |url=https://www.hdfcsec.com/article/about-us-1647 |website=hdfcsec.com |access-date=9 December 2020 |archive-date=11 January 2021 |archive-url=https://web.archive.org/web/20210111041928/https://www.hdfcsec.com/article/about-us-1647 |url-status=live }}</ref><br />HDFC Asset Management Company<br />HDFC Mutual Fund<br />HDB Financial Services<ref>{{cite news |title=How HDB Financial Services Can Add To HDFC Bank's Long Rally |url=https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html |access-date=26 April 2021 |work=Moneycontrol |archive-date=26 April 2021 |archive-url=https://web.archive.org/web/20210426121321/https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html |url-status=live }}</ref><br>HDFC Credila Financial Services Limited
| subsid             = [[HDFC Securities]]<ref>{{cite web |last1=Securities |first1=HDFC |title=About Us |url=https://www.hdfcsec.com/article/about-us-1647 |website=hdfcsec.com}}</ref><br />HDB Financial Services<ref>{{cite news |title=How HDB Financial Services Can Add To HDFC Bank's Long Rally |url=https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html |access-date=26 April 2021 |work=Moneycontrol}}</ref>
| footnotes = <ref>{{Cite web|url=https://www.bloomberg.com/markets/stocks|title=Stocks|publisher=Bloomberg L.P.|access-date=24 October 2020|archive-date=8 May 2017|archive-url=https://web.archive.org/web/20170508034725/https://www.bloomberg.com/markets/stocks|url-status=live}}</ref><ref>{{Cite web|title=Sashidhar Jagdishan to be the new CEO of HDFC Bank|url=https://www.moneycontrol.com/news/business/markets/sashidhar-jagdishan-to-be-the-new-ceo-of-hdfc-bank-report-5642411.html|access-date=4 August 2020|website=Moneycontrol|date=4 August 2020 |archive-date=11 February 2022|archive-url=https://web.archive.org/web/20220211113748/https://www.moneycontrol.com/news/eye-on-india/videos/sashidhar-jagdishan-hdfc-bank-ceo-5642411.html|url-status=live}}</ref><ref>{{cite web |title=Sashidhar Jagdishan appointed MD & CEO of HDFC Bank; He will take charge on October 27 |url=https://www.thehansindia.com//business/sashidhar-jagdishan-appointed-md-ceo-of-hdfc-bank-he-will-take-charge-on-october-27-651672 |website=the hans india |date=17 October 2020 |access-date=17 October 2020 |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020155554/https://www.thehansindia.com//business/sashidhar-jagdishan-appointed-md-ceo-of-hdfc-bank-he-will-take-charge-on-october-27-651672 |url-status=live }}</ref><ref>{{cite web|title=Composition of Board of Directors of HDFC Bank|url=https://www.hdfcbank.com/personal/about-us/corporate-governance/composition-of-the-board|website=hdfcbank.com|access-date=23 December 2020|archive-date=7 February 2021|archive-url=https://web.archive.org/web/20210207024418/https://www.hdfcbank.com/personal/about-us/corporate-governance/composition-of-the-board|url-status=live}}</ref>
| footnotes           = <ref>{{Cite web|url=https://www.bloomberg.com/markets/stocks|title=Stocks|publisher=Bloomberg L.P.}}</ref><ref>{{Cite web|title=Sashidhar Jagdishan to be the new CEO of HDFC Bank|url=https://www.moneycontrol.com/news/business/markets/sashidhar-jagdishan-to-be-the-new-ceo-of-hdfc-bank-report-5642411.html|access-date=4 August 2020|website=Moneycontrol}}</ref><ref>{{cite web |title=Sashidhar Jagdishan appointed MD & CEO of HDFC Bank; He will take charge on October 27 |url=https://www.thehansindia.com//business/sashidhar-jagdishan-appointed-md-ceo-of-hdfc-bank-he-will-take-charge-on-october-27-651672 |website=the hans india}}</ref><ref>{{cite web |title=Composition of Board of Directors of HDFC Bank|url=https://www.hdfcbank.com/personal/about-us/corporate-governance/composition-of-the-board}}</ref>
}}
}}


'''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<ref>{{Cite web|url=http://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|title=HDFC Bank most valuable brand in India: WPP study|date=10 September 2015|website=Livemint|publisher=Livemint}}</ref> and by market capitalisation as of April 2021. It is the third largest company by market capitalisation on the Indian stock exchanges.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|title=Largest bank by Market capitalization|website=MoneyControl|publisher=MoneyControl}}</ref> It is also the [[List of largest employers in India|thirteenth largest employer in India]] with nearly 120,000 employees.<ref>[https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees]</ref>
'''HDFC Bank Limited''' (also known as '''HDB''') is an Indian banking and financial services company headquartered in [[Mumbai]]. It is India's largest private sector bank by assets and world's fourth largest bank by [[market capitalisation]] {{As of|2023|7|lc=y}}, following its [[takeover]] of parent company [[Housing Development Finance Corporation|HDFC]].<ref>{{Cite web|url=http://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|title=HDFC Bank most valuable brand in India: WPP study|date=10 September 2015|website=Livemint|access-date=7 January 2016|archive-date=28 November 2019|archive-url=https://web.archive.org/web/20191128145140/https://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|url-status=live}}</ref><ref>{{Cite news |title=Bank Giant Bigger Than Morgan Stanley Arises From India Merger |work=[[Bloomberg News|Bloomberg]] |url=https://www.bloomberg.com/news/articles/2023-06-30/india-s-hdfc-vaults-into-ranks-of-world-s-most-valuable-banks}}</ref> It is the second largest company by market capitalisation of $172 billion on the Indian stock exchanges.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|title=Largest bank by Market capitalization|website=MoneyControl|access-date=1 October 2014|archive-date=6 June 2021|archive-url=https://web.archive.org/web/20210606043759/https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|url-status=live}}</ref> It is also the [[List of largest employers in India|sixteenth largest employer in India]] with nearly 1.78 [[lakh]] employees.<ref>{{Cite web|url=https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|title=HDFC Bank: Number of Employees 2006-2021 &#124; HDB|website=macrotrends.net|access-date=22 May 2021|archive-date=22 May 2021|archive-url=https://web.archive.org/web/20210522071805/https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|url-status=live}}</ref>


== History ==
== History ==
HDFC Bank was incorporated in 1994 as a subsidiary of the [[Housing Development Finance Corporation]], with its registered office in Mumbai, [[Maharashtra]], India. Its first corporate office and a full-service branch at Sandoz House, [[Worli]] were inaugurated by the [[Ministry of Finance (India)|Union Finance Minister]], [[Manmohan Singh]].
HDFC Bank was incorporated in 1994 as a subsidiary of the [[Housing Development Finance Corporation]], with its registered office in [[Mumbai, Maharashtra]], [[India]]. Its first corporate office and a full-service branch at Sandoz House, [[Worli]] were inaugurated by the then [[Ministry of Finance (India)|Union Finance Minister]], Bhoop Singh.
As of 30 June 2019, the Bank's distribution network was at 5,500 branches across 2,764 cities. The bank also installed 430,000 [[Payment terminal|POS]] terminals and issued 23,570,000 debit cards and 12&nbsp;million credit cards in FY 2017.<ref name="HDFC Bank">{{cite web|url= https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf|title=HDFC Bank 2017|access-date=1 December 2017}}</ref> It has a base of 1,16,971 permanent employees as of 21 March 2020.<ref>{{Cite web|url=http://www.hdfcbank.com/|title=HDFC Bank|website=HDFC Bank|publisher=HDFC Bank}}</ref>
 
{{As of|2023|6|1}}, the bank's distribution network was at 8,344 branches and 19,727 ATMs across 3,811 cities.It has installed 4,30,000 [[Payment terminal|POS]] terminals and issued 2.35 [[crore]] (23.5 million) debit cards and 1.2 crore (12&nbsp;million) credit cards in FY 2017.<ref name="HDFC Bank">{{cite web|url=https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf|title=HDFC Bank 2017|access-date=1 December 2017|archive-date=1 December 2017|archive-url=https://web.archive.org/web/20171201232843/https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf|url-status=live}}</ref> It has a base of 1,77,000 permanent employees as of 1 June 2023.<ref>{{Cite web|url=http://www.hdfcbank.com/|title=HDFC Bank|website=HDFC Bank|access-date=20 January 2007|archive-date=21 January 2007|archive-url=https://web.archive.org/web/20070121204220/http://hdfcbank.com/|url-status=live}}</ref>


== Products and services ==
== Products and services ==
HDFC Bank provides a number of products and services including [[wholesale banking]], [[retail banking]], treasury, auto loans, two-wheeler loans, [[personal loan]]s, loans against property, consumer durable loan, lifestyle loan and [[credit card]]s. Along with this various digital products are Payzapp and SmartBUY.<ref>{{Cite web|url=http://business.mapsofindia.com/banks-in-india/hdfc/|title=HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more|website=business.mapsofindia.com|access-date=16 July 2016}}</ref>
HDFC Bank provides a number of products and services including [[wholesale banking]], [[retail banking]], treasury, auto loans, two-wheeler loans, [[personal loan]]s, loans against property, consumer durable loan, lifestyle loan and [[credit card]]s. Along with this various digital products are Payzapp and SmartBUY.<ref>{{Cite web|url=http://business.mapsofindia.com/banks-in-india/hdfc/|title=HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more|website=business.mapsofindia.com|access-date=16 July 2016|archive-date=18 July 2016|archive-url=https://web.archive.org/web/20160718134217/http://business.mapsofindia.com/banks-in-india/hdfc/|url-status=live}}</ref>


==Mergers and acquisitions==
==Mergers and 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 in India|private sector banks]] category.<ref>{{Cite web|url=http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports|title=HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank |website=profit.ndtv.com|access-date=16 July 2016}}</ref> [[Times Bank]] was established by Bennett, Coleman and Co. Ltd., commonly known as [[The Times Group]], India's largest media conglomerate.<ref>{{Cite news|last=Bandyopadhyay|first=Tamal|url=https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html|title=A Bank for the Buck|date=19 November 2012|work=Live Mint|access-date=27 March 2020}}</ref>
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 in India|private sector banks]] category.<ref>{{Cite web|url=http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports|title=HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank|website=profit.ndtv.com|access-date=16 July 2016|archive-date=9 July 2016|archive-url=https://web.archive.org/web/20160709001214/http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports|url-status=live}}</ref> [[Times Bank]] was established by [[Bennett, Coleman|Bennett, Coleman and Co. Ltd]]., commonly known as [[The Times Group]], India's largest media conglomerate.<ref>{{Cite news|last=Bandyopadhyay|first=Tamal|url=https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html|title=A Bank for the Buck|date=19 November 2012|work=Live Mint|access-date=27 March 2020|archive-date=3 April 2020|archive-url=https://web.archive.org/web/20200403234024/https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html|url-status=live}}</ref>
 
In 2008, [[Centurion Bank of Punjab]] (CBoP) was acquired by HDFC Bank. HDFC Bank's board approved the acquisition of CBoP for [[Indian rupee|₹]]9,510 crore in one of the largest mergers in the financial sector in India.<ref>{{Cite web|url=http://www.banknetindia.com/banking/80142.htm|title=HDFC Bank to acquire Centurion Bank of Punjab|website=Banknet India|access-date=23 January 2016|archive-date=1 December 2019|archive-url=https://web.archive.org/web/20191201054019/http://www.banknetindia.com/banking/80142.htm|url-status=dead}}</ref>
 
In 2021, the bank acquired a 9.99% stake in FERBINE, an entity promoted by [[Tata Group]], to operate a Pan-India umbrella entity for retail payment systems, similar to the [[National Payments Corporation of India]].<ref>{{Cite web|title=Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine|url=https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|access-date=2021-03-04|website=Moneycontrol|date=26 February 2021 |archive-date=14 April 2021|archive-url=https://web.archive.org/web/20210414103152/https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|url-status=live}}</ref>


In 2008, [[Centurion Bank of Punjab]] (CBoP) was acquired by HDFC Bank. HDFC Bank's board approved the acquisition of CBoP for ₹95.1&nbsp;billion in one of the largest mergers in the financial sector in India.<ref>{{Cite web|url=http://www.banknetindia.com/banking/80142.htm|title=HDFC Bank to acquire Centurion Bank of Punjab|website=Banknet India|access-date=23 January 2016|archive-date=1 December 2019|archive-url=https://web.archive.org/web/20191201054019/http://www.banknetindia.com/banking/80142.htm|url-status=dead}}</ref>
In September 2021, the bank partnered with [[Paytm]] to launch a range of credit cards powered by [[Visa Inc.|Visa]].<ref>{{cite news |title=HDFC Bank partners with Paytm to launch co-branded credit cards |url=https://www.livemint.com/companies/news/hdfc-bank-partners-with-paytm-to-launch-co-branded-credit-cards-11632119508688.html |work=mint |date=20 September 2021 |language=en |access-date=22 September 2021 |archive-date=21 September 2021 |archive-url=https://web.archive.org/web/20210921045424/https://www.livemint.com/companies/news/hdfc-bank-partners-with-paytm-to-launch-co-branded-credit-cards-11632119508688.html |url-status=live }}</ref>


In 2021, the bank acquired a 9.99% stake in FERBINE, an entity promoted by [[Tata Group]], to operate a Pan-India umbrella entity for retail payment systems, similar to [[National Payments Corporation of India]].<ref>{{Cite web|title=Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine|url=https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|access-date=2021-03-04|website=Moneycontrol}}</ref>
On April 4, 2022, HDFC Bank announced a merger with the [[Housing Development Finance Corporation]].<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/hdfc-to-merge-with-hdfc-bank-in-indias-biggest-ever-ma/articleshow/90651390.cms|title = HDFC HDFC Bank Merger: HDFC to merge with HDFC Bank in India's biggest-ever M&A &#124; India Business News - Times of India|website = [[The Times of India]]| date=5 April 2022 }}</ref> Upon the completion of the merger, HDFC became the fourth-largest bank in the world by market capitalization.<ref name="bloomberg_0623">{{cite news |last1=Singh |first1=Preeti |last2=Patil |first2=Divya |title=Bank Giant Bigger Than Morgan Stanley Arises From India Merger |url=https://www.bloomberg.com/news/articles/2023-06-30/india-s-hdfc-vaults-into-ranks-of-world-s-most-valuable-banks?fromMostRead=true&sref=CIpmV6x8 |work=Bloomberg.com |date=30 June 2023 |language=en}}</ref> The effective date of the merger was set to be July 1, 2023. After the merger takes place, HDFC, a housing financing corporation, will transfer its home loan portfolio to HDFC Bank. Also, the bank is giving home financing company depositors the choice of either withdrawing their money or renewing their deposits with the private sector bank at the interest rate that the bank is currently offering.<ref>{{Cite news |last=Kulkarni |first=Sneha |date=2023-07-03 |title=What is the HDFC Bank-HDFC merger date |work=The Economic Times |url=https://economictimes.indiatimes.com/wealth/save/what-is-the-hdfc-bank-hdfc-merger-date/articleshow/101414476.cms |access-date=2023-07-04 |issn=0013-0389}}</ref>


== Investments ==
== Investments ==
[[File:HDFC Bank.jpg|thumb|A HDFC Bank branch in [[Hyderabad]]]]
In March 2020, [[Housing Development Finance Corporation]], parent company of HDFC Bank, made an investment of ₹1,000 crore in [[Yes Bank]].<ref>{{Cite web|date=16 March 2020|title=HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,00,000 crore|url=https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html|access-date=8 December 2020|website=mint|language=en|archive-date=20 October 2020|archive-url=https://web.archive.org/web/20201020211545/https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html|url-status=live}}</ref> As per the scheme of reconstruction of Yes Bank, 75% of the total investment by the corporation would be locked in for three years. On 14 March, Yes Bank allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share (including ₹8 premium) to the corporation, aggregating to 7.97 percent of the post-issue equity share capital of Yes Bank.<ref>{{Cite news|title=HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms|access-date=8 December 2020|archive-date=2 March 2021|archive-url=https://web.archive.org/web/20210302042015/https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms|url-status=live}}</ref>
In March 2020, HDFC (parent company of HDFC BANK) made an investment of ₹1,000 crores in [[Yes Bank]].<ref>{{Cite web|date=16 March 2020|title=HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,000 crore|url=https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html|access-date=8 December 2020|website=mint|language=en}}</ref> As per the scheme of reconstruction of Yes Bank, 75% of the total investment by the corporation would be locked in for three years. On 14 March, Yes Bank allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share (including ₹8 premium) to the Corporation aggregating to 7.97 percent of the post issue equity share capital of Yes bank.<ref>{{Cite news|title=HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms|access-date=8 December 2020}}</ref>


==Listings and shareholding==
==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 depositary receipt]]s are listed on the [[NYSE]] and its [[global depository receipt]]s (GDRs) are listed on the [[Luxembourg Stock Exchange]] where two GDRs represent one equity share in HDFC Bank.<ref name="Shareholding" />
The [[equity shares]] of HDFC Bank are listed on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India]]. Its [[American depositary receipt]]s are listed on the [[NYSE]] issued through [[JPMorgan Chase|JP Morgan Chase Bank]].<ref>{{Cite web|title=HDFC bank: Information about American Depository Receipt|url=https://www.hdfcbank.com/personal/about-us/investor-relations/adr|url-status=live|website=hdfc bank|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022112314/https://www.hdfcbank.com/personal/about-us/investor-relations/adr}}</ref>
 
Its [[global depository receipt]]s (GDRs) were listed on the [[Luxembourg Stock Exchange]] but were terminated by the board of directors following its low trading [[Volume (finance)|volume]].<ref>{{Cite news|title=HDFC Bank terminates, de-lists GDRs from Luxembourg Stock Exchange|work=The hindu Business line|location=New Delhi|publication-place=New delhi|publication-date=July 16, 2019|url=https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022110810/https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|url-status=live}}</ref>


{| class="wikitable"
{| class="wikitable"
|-
|-
! Shareholders (as of 31 December 2015) !! Shareholding<ref name="Shareholding">{{cite web |url = http://www.moneycontrol.com/company-facts/hdfcbank/shareholding-pattern/HDF01|title = HDFC bank listing & shareholding|publisher = Money Control}}</ref>
! Shareholders ({{As of|2021|9|30|lc=y}})<ref>{{Cite web|title=Shareholding pattern|url=https://www.hdfcbank.com/personal/about-us/stakeholders-information/shareholding-ownership|url-status=live|website=Hdfc bank|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022112315/https://www.hdfcbank.com/personal/about-us/stakeholders-information/shareholding-ownership}}</ref> !! Shareholding{{citation needed|date=February 2022}}
|-
|-
|[[Corporate promoter|Promoter]] group ([[Housing Development Finance Corporation|HDFC]])||26.14%
|[[Corporate promoter|Promoter]] group ([[Housing Development Finance Corporation|HDFC]])||25.88%
|-
|-
| Foreign [[institutional investor]]s (FII)||20.4%
| Foreign [[institutional investor]](FII)||38.30%
|-
|-
| Individual shareholders||8.5%
| Individual shareholders||13.25%
|-
|-
| Bodies corporate||7.5%
| [[Qualified institutional buyer]]||4.74%
|-
|-
|[[Insurance]] companies||5.38%
|[[Insurance]] companies||2.94%
|-
|-
|[[Unit Trust of India]]||8.65%
|[[Unit Trust of India]]/[[mutual funds]]||14.57%
|-
|-
|[[Non-resident Indian and person of Indian origin|NRI]]/OCB/others||0.29%
|[[Financial institution]]s/[[bank]]s||0.4%
|-
|-
|[[Financial institution]]s/[[bank]]s||2.75%
|Central government||0.6%
|-
|[[American Depositary Share|ADS]]/[[Global depository receipt|GDR]]s||18.78%
|}
|}


== Corporate social responsibility ==
== Parivartan: Corporate social responsibility==
{{Expand section|date=December 2020}}HDFC Bank's Parivartan initiative spent ₹535 crore in FY19-20<ref>{{Cite web|url=https://indiacsr.in/corporate-social-responsibility-csr-hdfc-bank-spends-rs-535-cr-on-community-development-in-fy-2019-20/|title=Corporate Social Responsibility (CSR): HDFC Bank spends Rs. 535 Cr on community development in FY 2019–20|date=26 July 2020}}</ref>
{{Expand section|date=December 2020}}
Parivartan is an umbrella term for all of the [[corporate social responsibility]] initiatives by HDFC Bank.
 
HDFC Bank's Parivartan initiative spent ₹535 crore in FY 2019–20.<ref>{{Cite web|url=https://indiacsr.in/corporate-social-responsibility-csr-hdfc-bank-spends-rs-535-cr-on-community-development-in-fy-2019-20/|title=Corporate Social Responsibility (CSR): HDFC Bank spends Rs. 535 Cr on community development in FY 2019–20|date=26 July 2020|access-date=8 December 2020|archive-date=26 September 2020|archive-url=https://web.archive.org/web/20200926213637/https://indiacsr.in/corporate-social-responsibility-csr-hdfc-bank-spends-rs-535-cr-on-community-development-in-fy-2019-20/|url-status=live}}</ref>
 
HDFC Bank spent ₹634.91 crore towards Parivartan,in FY 2020-21. Out of ₹634.9 crore, over ₹110 crore was allocated and utilised towards initiatives focused on [[COVID-19 pandemic|COVID-19 relief]].<ref name=":1">{{Cite news|title=HDFC Bank Spends Rs. 634.91 Cr Towards CSR in FY 2020-2021|work=Businesswire: A Berkshire Hathaway company|url=https://www.businesswire.com/news/home/20210708005454/en/HDFC-Bank-Spends-Rs.-634.91-Cr-Towards-CSR-in-FY-2020-2021|access-date=23 October 2021|archive-date=23 October 2021|archive-url=https://web.archive.org/web/20211023051522/https://www.businesswire.com/news/home/20210708005454/en/HDFC-Bank-Spends-Rs.-634.91-Cr-Towards-CSR-in-FY-2020-2021|url-status=live}}</ref>
 
HDFC Bank has pledged to become [[Carbon neutrality|carbon neutral]] by 2032.<ref name=":1" />


== Controversies ==
== Controversies ==
[[File:HDFC BANK ATM - Nagarukhra branch (1).jpg|thumb|A HDFC Bank ATM in West Bengal.]]
On 2 December 2020, the [[Reserve Bank of India]] ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program citing incidents of outages in the bank's internet banking, mobile banking and payment utility services.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html|title=<!--ACTUAL ARTICLE TITLE BELONGS HERE! original text: www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html-->|website=moneycontrol.com}}</ref><ref>{{Cite web|date=2020-12-08|title=Explained: Why RBI has asked HDFC Bank to stop digital launches, new credit card sourcing|url=https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/|access-date=2020-12-08|website=The Indian Express|language=en}}</ref>


On 29 January 2020, Reserve Bank of India imposed a monetary penalty on HDFC Bank for failure to undertake on-going due diligence in case of 39 current accounts opened for bidding in the initial public offer.<ref>{{Cite web|url=https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49273|title=RBI imposes penalty on HDFC bank|website=rbi.org.in|access-date=29 January 2020}}</ref>
On 2 December 2020, the [[Reserve Bank of India]] (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program citing incidents of outages in the bank's internet banking, mobile banking and payment utility services.<ref>{{Cite web|title=RBI asks HDFC Bank to halt issue of new credit cards, planned activities under Digital 2.0|url=https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html|url-status=live|archive-url=https://web.archive.org/web/20201207105648/https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html|archive-date=2020-12-07|access-date=2022-02-11|website=Moneycontrol|date=3 December 2020 |language=en}}</ref><ref>{{Cite web|date=2020-12-08|title=Explained: Why RBI has asked HDFC Bank to stop digital launches, new credit card sourcing|url=https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/|access-date=2020-12-08|website=The Indian Express|language=en|archive-date=8 December 2020|archive-url=https://web.archive.org/web/20201208100906/https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/|url-status=live}}</ref>
 
On 29 January 2020, RBI imposed a monetary penalty on HDFC Bank for failure to undertake on-going due diligence in case of 39 current accounts opened for bidding in the [[Initial public offering|initial public offer]].<ref>{{Cite web|url=https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49273|title=RBI imposes penalty on HDFC bank|website=rbi.org.in|access-date=29 January 2020|archive-date=30 January 2020|archive-url=https://web.archive.org/web/20200130070954/https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx%3Fprid%3D49273|url-status=live}}</ref>
 
A HDFC bank manager was arrested on charges of fraud, involving a sum of ₹59.41 lakh, in [[Odisha]].<ref>{{Cite web|url=https://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html|title=A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha|website=The New Indian Express|access-date=16 August 2019|archive-date=5 October 2019|archive-url=https://web.archive.org/web/20191005153615/http://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html|url-status=live}}</ref>


A HDFC bank manager was arrested on charges of fraud, involving a sum of ₹59.41 lakh, in Odisha.<ref>{{Cite web|url=https://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html|title=A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha|website=The New Indian Express|access-date=16 August 2019}}</ref>
Altico Capital and [[Dubai]]'s [[Mashreq (bank)|Mashreq Bank]] have approached RBI, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms|title=Altico and Mashreq approach RBI against HDFC Bank|website=The Economic Times|access-date=13 October 2019|last1=Das|first1=Saikat|archive-date=12 October 2019|archive-url=https://web.archive.org/web/20191012181759/https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms|url-status=live}}</ref>


Altico Capital and Dubai's Mashreq Bank have approached the Reserve Bank of India, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule.<ref>{{Cite web|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms|title=Altico and Mashreq approach RBI against HDFC Bank|website=The Economic Times|access-date=13 October 2019}}</ref>
On 27 May 2021, RBI imposed a penalty of ₹10 crore on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio. The said penalty was imposed in regards to the contraventions of certain provisions of the [[Banking Regulation Act, 1949]].<ref>{{Cite news|title=Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank|work=The indian express|url=https://indianexpress.com/article/business/reserve-bank-imposes-rs-10-crore-penalty-on-hdfc-bank-7335173/|access-date=23 October 2021|archive-date=23 October 2021|archive-url=https://web.archive.org/web/20211023031340/https://indianexpress.com/article/business/reserve-bank-imposes-rs-10-crore-penalty-on-hdfc-bank-7335173/|url-status=live}}</ref>
 
In March 2023, [[HDB Financial Services]] suffered a data exposing the data of more than 70 million customers, including email addresses, names, dates of birth, phone numbers, genders, post codes and loan information belonging to the customers.<ref>{{Cite news |date=2023-03-07 |title=HDB Financial Services flags data breach at service provider |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/hdb-financial-services-flags-data-breach-at-service-provider/articleshow/98483482.cms |access-date=2023-06-27 |issn=0013-0389}}</ref>


==Awards and recognition==
==Awards and recognition==
===2020===
*India's Best Bank : Euromoney Awards<ref>{{Cite web|last=Bank|first=HDFC|title=Press Release|url=https://www.hdfcbank.com/personal/about-us/news-room/press-release}}</ref>


===2019===
=== 2016 ===
*Best Bank: New Private Sector – FE Best Bank awards<ref>https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/7a11082e-9cf6-4c4f-9de3-7e9ff409ba76?</ref>
*''Best Banking Performer, India'' in 2016 by Global Brands Magazine Award.<ref name="gbm-2016">{{Cite web|title=AWARD WINNERS 2016|url=https://globalbrandsmagazine.com/award-winners-2016/|website=globalbrandsmagazine.com|date=13 February 2016|access-date=24 October 2020|archive-date=8 November 2020|archive-url=https://web.archive.org/web/20201108101804/http://www.globalbrandsmagazine.com/award-winners-2016/|url-status=live}}</ref>
*Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive Finance India Awards (IFI) 2019<ref>https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/97fcd69c-ffa7-4bac-ab8f-d123ad88d8aa?</ref>
*Best Performing Branch in [[Microfinance]] among private sector banks by NABARD, 2016, Award for Best Performance in Microfinance<ref>{{Cite web|date=22 January 2016|title=HDFC Bank wins microfinance award from NABARD in Goa|url=http://timesofindia.indiatimes.com/business/india-business/HDFC-Bank-wins-microfinance-award-from-NABARD-in-Goa/articleshow/50689010.cms|access-date=1 March 2016|website=The Times of India|language=en-US|archive-date=3 February 2016|archive-url=https://web.archive.org/web/20160203074331/http://timesofindia.indiatimes.com/business/india-business/HDFC-Bank-wins-microfinance-award-from-NABARD-in-Goa/articleshow/50689010.cms|url-status=live}}</ref>
*Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.<ref>{{Cite web|url=https://www.thehindubusinessline.com/money-and-banking/hdfc-bank-retains-ranking-as-indias-valuable-brand/article29533162.ece|title=HDFC Bank retains ranking as India's valuable brand|first=Our|last=Bureau|website=@businessline}}</ref>
*[[KPMG]] study of India's Best Banks, Bank of the year & best [[digital banking]] initiative award 2016<ref>{{Cite web|title=Bank of the Year/ Digital Bank: HDFC BANK|url=http://www.businesstoday.in/best-banks/2015/|access-date=1 March 2016|website=Business Today|archive-date=2 March 2016|archive-url=https://web.archive.org/web/20160302113251/http://www.businesstoday.in/best-banks/2015/|url-status=live}}</ref>
*''Among The Most Honored Company List,'' Institutional Investor All-Asia (ex-Japan) Executive Team 2019 survey<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Institutional-Investor-August-2019.pdf|title=HDFC Bank Awards - Consistently Awarded among India’s Best Bank}}</ref>
*BrandZ Rankings, Most Valued brand in India for third successive year<ref>{{Cite web|date=22 September 2016|title=livemint|url=http://www.livemint.com/Companies/eI61qLHbac71dNwx9J8NLM/HDFC-Bank-is-still-Indias-most-valuable-brand-Brandz-ranki.html|website=HDFC Bank is still India's most valuable brand: Brandz ranking|access-date=2 October 2016|archive-date=7 October 2016|archive-url=https://web.archive.org/web/20161007104210/http://www.livemint.com/Companies/eI61qLHbac71dNwx9J8NLM/HDFC-Bank-is-still-Indias-most-valuable-brand-Brandz-ranki.html|url-status=live}}</ref>
*''India’s Best Bank,'' Euromoney Awards for Excellence 2019<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Indias-Best-Bank-June-11-2019.pdf|title=HDFC Bank Awards - Consistently Awarded among India’s Best Bank}}</ref>
*[[FinanceAsia]] poll on Asia's Best Companies 2015, Best managed public company – India<ref>{{Cite web|date=20 March 2015|title=Asia's best managed companies, part 3|url=http://www.financeasia.com/News/395561,asias-best-managed-companies-part-3.aspx|website=FinanceAsia|access-date=23 January 2016|archive-date=29 January 2016|archive-url=https://web.archive.org/web/20160129193611/http://www.financeasia.com/News/395561,asias-best-managed-companies-part-3.aspx|url-status=live}}</ref>
*''Bank of the Year and Best Large Bank,'' Business Today – Money Today Financial Awards 2019<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Business-Today-Best-Bank-Awards-March-2019.pdf|title=Business Today – Money Today Financial Awards 2019}}</ref>
*[[J. P. Morgan]] Quality Recognition Award, Best in class straight-through processing rates<ref>{{Cite web|title=Top 10 Banks in India 2015|url=http://www.mbaskool.com/fun-corner/top-brand-lists/13474-top-10-banks-in-india-2015.html?start=4|website=MBA Skool|access-date=1 March 2016|archive-date=5 July 2018|archive-url=https://web.archive.org/web/20180705175934/https://www.mbaskool.com/fun-corner/top-brand-lists/13474-top-10-banks-in-india-2015.html?start=4|url-status=live}}</ref>
*''Best Bank in India 2019'', by Global magazine FinanceAsia.<ref>{{Cite web|url=https://www.zeebiz.com/companies/news-hdfc-bank-bags-the-best-bank-in-india-title-by-financeasia-magazine-expect-this-big-measures-in-2019-from-the-lender-103730|title=HDFC Bank bags the 'Best Bank in India' title by FinanceAsia magazine – expect this big measures in 2019 from the lender|date=28 June 2019|website=Zee Business|language=en|access-date=28 June 2019}}</ref>
 
*''Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands''<ref name=":0">{{cite web|url=http://www.millwardbrown.com/brandz/rankings-and-reports/top-global-brands/2019|title=Millward Brown – Top Global Brands 2019|publisher=hdfcbank.com}}</ref> HDFC Bank was featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive year. The Bank's brand value has gone up from $20.87&nbsp;billion in 2018 to $22.70&nbsp;billion in 2019.
=== 2018 ===
*''Best Large Bank'' & ''Fastest Growing Large Bank in 2019,'' by Business World Magna Awards<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Businessworld_Best_Bank_Awards_May_15_2019.pdf|title=Business world Magna Awards}}</ref>
*Company of the year: [[Economic Times Awards#ET Awards 2018|The Economic Times Corporate Excellence Awards]]{{Citation needed|date=January 2022}}
*Best Performing Private Bank in Total Aadhaar Generation & Update: [[Aadhaar|Aadhaar Excellence Awards{{Citation needed|date=January 2022}}]]
*[[National Payments Corporation of India|NPCI]] - National Payments Excellence Awards{{Citation needed|date=January 2022}}
 
=== 2019 ===
*Best Bank: New Private Sector – FE Best Bank awards<ref>{{cite web |title=Mr. Kaizad Bharucha, Executive Director, HDFC Bank accepted the Best Private Sector Bank award on behalf of the bank from Mr. Narayanan Vaghul, former chairman, ICICI Bank at a glittering ceremony organized in Mumbai on January 10th. |url=https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/7a11082e-9cf6-4c4f-9de3-7e9ff409ba76 |website=HDFC Bank |date=10 January 2019 |access-date=15 January 2020 |archive-date=5 June 2021 |archive-url=https://web.archive.org/web/20210605051501/https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/7a11082e-9cf6-4c4f-9de3-7e9ff409ba76 |url-status=dead }}</ref>
*Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive Finance India Awards (IFI) 2019<ref>{{cite web |title=HDFC Bank has been adjudged winner in the 'Innovation and Inclusiveness in Priority Sector Lending' category at the 11th Inclusive Finance India Awards (IFI) 2019 |url=https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/97fcd69c-ffa7-4bac-ab8f-d123ad88d8aa |website=HDFC Bank |access-date=15 January 2020 |archive-date=5 June 2021 |archive-url=https://web.archive.org/web/20210605053003/https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/97fcd69c-ffa7-4bac-ab8f-d123ad88d8aa |url-status=dead }}</ref>
*Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.<ref>{{Cite web|title=HDFC Bank retains ranking as India's valuable brand|url=https://www.thehindubusinessline.com/money-and-banking/hdfc-bank-retains-ranking-as-indias-valuable-brand/article29533162.ece|website=@businessline|date=27 September 2019|access-date=1 October 2019|archive-date=1 October 2019|archive-url=https://web.archive.org/web/20191001034314/https://www.thehindubusinessline.com/money-and-banking/hdfc-bank-retains-ranking-as-indias-valuable-brand/article29533162.ece|url-status=live}}</ref>
*''Among The Most Honored Company List,'' Institutional Investor All-Asia (ex-Japan) Executive Team 2019 survey<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Institutional-Investor-August-2019.pdf|title=HDFC Bank Awards - Consistently Awarded among India's Best Bank|access-date=16 September 2019|archive-date=13 September 2019|archive-url=https://web.archive.org/web/20190913010112/https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Institutional-Investor-August-2019.pdf|url-status=live}}</ref>
*''India’s Best Bank,'' Euromoney Awards for Excellence 2019<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Indias-Best-Bank-June-11-2019.pdf|title=HDFC Bank Awards - Consistently Awarded among India's Best Bank|access-date=4 September 2019|archive-date=4 September 2019|archive-url=https://web.archive.org/web/20190904181720/https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Indias-Best-Bank-June-11-2019.pdf|url-status=live}}</ref>
*''Bank of the Year and Best Large Bank,'' Business Today – Money Today Financial Awards 2019<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Business-Today-Best-Bank-Awards-March-2019.pdf|title=Business Today – Money Today Financial Awards 2019|access-date=1 August 2019|archive-date=1 August 2019|archive-url=https://web.archive.org/web/20190801114708/https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Business-Today-Best-Bank-Awards-March-2019.pdf|url-status=live}}</ref>
*''Best Bank in India 2019'', by Global magazine FinanceAsia.<ref>{{Cite web|date=28 June 2019|title=HDFC Bank bags the 'Best Bank in India' title by FinanceAsia magazine – expect this big measures in 2019 from the lender|url=https://www.zeebiz.com/companies/news-hdfc-bank-bags-the-best-bank-in-india-title-by-financeasia-magazine-expect-this-big-measures-in-2019-from-the-lender-103730|access-date=28 June 2019|website=Zee Business|language=en|archive-date=2 July 2019|archive-url=https://web.archive.org/web/20190702145519/https://www.zeebiz.com/companies/news-hdfc-bank-bags-the-best-bank-in-india-title-by-financeasia-magazine-expect-this-big-measures-in-2019-from-the-lender-103730|url-status=live}}</ref>
*''Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands''<ref name=":0">{{cite web|title=Millward Brown – Top Global Brands 2019|url=http://www.millwardbrown.com/brandz/rankings-and-reports/top-global-brands/2019|publisher=hdfcbank.com|access-date=24 June 2019|archive-date=24 June 2019|archive-url=https://web.archive.org/web/20190624060937/http://www.millwardbrown.com/brandz/rankings-and-reports/top-global-brands/2019|url-status=live}}</ref> HDFC Bank was featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive year. The Bank's brand value has gone up from $20.87&nbsp;billion in 2018 to $22.70&nbsp;billion in 2019.{{Citation needed|date=January 2022}}
*''Best Large Bank'' & ''Fastest Growing Large Bank in 2019,'' by Business World Magna Awards<ref>{{Cite web|url=https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Businessworld_Best_Bank_Awards_May_15_2019.pdf|title=Business world Magna Awards|access-date=30 June 2019|archive-date=30 June 2019|archive-url=https://web.archive.org/web/20190630132642/https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Businessworld_Best_Bank_Awards_May_15_2019.pdf|url-status=live}}</ref>
*India's leading private sector bank: [[Dun & Bradstreet]] BFSI Awards{{Citation needed|date=January 2022}}
 
=== 2020 ===
*Best Bank in India: Euromoney Awards<ref>{{Cite web|publisher=HDFC Bank|title=Press Release|url=https://www.hdfcbank.com/personal/about-us/news-room/press-release|website=hdfcbank.com|access-date=8 December 2020|archive-date=23 December 2020|archive-url=https://web.archive.org/web/20201223160508/https://www.hdfcbank.com/personal/about-us/news-room/press-release|url-status=live}}</ref>
*Best Bank in India: FinanceAsia Country Awards{{Citation needed|date=January 2022}}
 
=== 2021 ===
 
*Best bank in india: [[FinanceAsia]] Country Awards{{Citation needed|date=January 2022}}
*Best bank for [[Small and medium-sized enterprises|SMEs]]: [[Asiamoney]] best bank awards{{Citation needed|date=January 2022}}
*Best bank in india:[[Euromoney#The Euromoney Awards for Excellence|The Euromoney Awards for Excellence{{Citation needed|date=January 2022}}]]
*Ranks No. 1 in Mass Affluent category:[[Euromoney#Euromoney Private Banking and Wealth Management Survey|Euromoney Private Banking and Wealth Management Survey]]<ref>{{Cite web|title=HDFC Bank awards|url=https://www.hdfcbank.com/personal/about-us/overview/awards|url-status=live|website=HDFC bank|access-date=23 October 2021|archive-date=23 October 2021|archive-url=https://web.archive.org/web/20211023051044/https://www.hdfcbank.com/personal/about-us/overview/awards}}</ref>
*On 12 January 2022 HDFC BANK has been adjudged ' Best Private Bank in India' at the Global Private Banking Awards 2021, Organised by Professional Wealth Management (PWM)
 
=== 2022 ===


===2016===
*Best Bank In India: Euromoney Awards for Excellence 2022<ref>{{Cite web |title= Awards for Excellence 2022: Best Bank In India-HDFC Bank |url=https://www.euromoney.com/article/2aev53qjd491c90ht5340/awards/awards-for-excellence/awards-for-excellence-2022-best-bank-in-india-hdfc-bank |access-date=2022-08-02 |website=Euromoney |date=27 July 2022 |language=en}}</ref>
*''Best Banking Performer, India'' in 2016 by Global Brands Magazine Award.<ref name="gbm-2016">{{Cite web|url=https://globalbrandsmagazine.com/award-winners-2016/|title=AWARD WINNERS 2016}}</ref>
*Best Performing Branch in [[Microfinance]] among private sector banks by NABARD, 2016, Award for Best Performance in Microfinance<ref>{{Cite web|url=http://timesofindia.indiatimes.com/business/india-business/HDFC-Bank-wins-microfinance-award-from-NABARD-in-Goa/articleshow/50689010.cms|title=HDFC Bank wins microfinance award from NABARD in Goa|date=22 January 2016|website=The Times of India|language=en-US|access-date=1 March 2016}}</ref>
*[[KPMG]] study of India's Best Banks, Bank of the year & best digital banking initiative award 2016<ref>{{Cite web|url=http://www.businesstoday.in/best-banks/2015/|title=Bank of the Year/ Digital Bank: HDFC BANK|website=Business Today|access-date=1 March 2016}}</ref>
*BrandZ Rankings, Most Valued brand in India for third successive year<ref>{{Cite web|url=http://www.livemint.com/Companies/eI61qLHbac71dNwx9J8NLM/HDFC-Bank-is-still-Indias-most-valuable-brand-Brandz-ranki.html|title=livemint|date=22 September 2016|website=HDFC Bank is still India's most valuable brand: Brandz ranking}}</ref>
*[[FinanceAsia]] poll on Asia's Best Companies 2015, Best managed public company – India<ref>{{Cite web|url=http://www.financeasia.com/News/395561,asias-best-managed-companies-part-3.aspx|title=Asia's best managed companies, part 3|date=20 March 2015|website=FinanceAsia}}</ref>
*[[J. P. Morgan]] Quality Recognition Award, Best in class straight through processing rates<ref>{{Cite web|url=http://www.mbaskool.com/fun-corner/top-brand-lists/13474-top-10-banks-in-india-2015.html?start=4|title=Top 10 Banks in India 2015|website=MBA Skool}}</ref>


== Further reading==
== Gallery ==
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2013 |title=A Bank for the Buck |title-link=A Bank for the Buck |publisher=Jaico Publishing House |pages=344 |isbn=978-8184953961|author-link=Tamal Bandyopadhyay }}
{{Gallery
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2019 |title=HDFC Bank 2.0: From Dawn to Digital |publisher=Jaico Publishing House |isbn=9789388423359|author-link=Tamal Bandyopadhyay }}
| title        = HDFC Bank branches and ATMs
| align        = center
| footer      = more images can be found on [https://commons.wikimedia.org/w/index.php?search=HDFC++Bank&title=Special:MediaSearch&go=Go&type=image wiki commons].
| style        = text-align:center;
| mode        = packed
| File:HDFC Bank.jpg
| alt1=
| HDFC Bank Banjara Hills Branch in [[Hyderabad]], [[Telangana]]
| File:HDFC_Bank,_Mysore.jpg
| alt2=
| HDFC Bank Temple Road Branch in [[Mysore]], [[Karnataka]]
| File:HDFC Bank at 7 Loves Square (2).jpg
| alt3=
| HDFC Bank Loves Square Branch, [[Pune]], [[Maharashtra]]
| File:HDFC_Bank_ATM.jpg
| alt4=
| HDFC Bank ATM in [[Quepem]], [[Goa]]
}}


==See also==
==See also==
{{Portal|Banks}}
 
 
* [[HDFC Life]]
* [[Aditya Puri]]
* [[Aditya Puri]]
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[List of companies of India]]
* [[List of companies of India]]


==References==
==References==
{{reflist}}
{{reflist}}
== Further reading ==
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2013 |title=A Bank for the Buck |title-link=A Bank for the Buck |publisher=Jaico Publishing House |pages=344 |isbn=978-8184953961|author-link=Tamal Bandyopadhyay }}
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2019 |title=HDFC Bank 2.0: From Dawn to Digital |publisher=Jaico Publishing House |isbn=9789388423359|author-link=Tamal Bandyopadhyay }}


==External links==
==External links==
{{Commons category|HDFC Bank}}
 
*{{Official website}}
*{{Official website}}{{Finance links
*{{Finance links
| name = HDFC Bank
| name = HDFC Bank
| symbol = HDB
| symbol = HDB
Line 150: Line 205:
{{DEFAULTSORT:HDFC Bank}}
{{DEFAULTSORT:HDFC Bank}}
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Banks of India]]
[[Category:BSE SENSEX]]
[[Category:BSE SENSEX]]
[[Category:NIFTY 50]]
[[Category:NIFTY 50]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Banks established in 1994]]
[[Category:Banks established in 1994]]
[[Category:Indian brands]]
[[Category:Indian brands]]
[[Category:Public Sector Banks in India]]
[[Category:HDFC Group]]
[[Category:HDFC Group]]
[[Category:Private sector banks in India]]
[[Category:Private sector banks in India]]
[[Category:1994 establishments in Maharashtra]]
[[Category:1994 establishments in Maharashtra]]
[[Category:Banks based in Mumbai]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 05:43, 14 August 2023


Not to be confused with Housing Development Finance Corporation.

HDFC Bank Limited
Traded as
ISINTemplate:ISIN
IndustryFinancial services
Founded1st July 2023 (23 months ago) (1st July 2023) (via the merger between HDFC-HDFC bank)
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
Products
RevenueIncrease ₹2.05 lakh crore (US$24 billion)[3] (2023)
Increase ₹61,498.39 crore (US$7.1 billion)[3] (2023)
Increase ₹45,997.11 crore (US$5.3 billion)[3] (2023)
Total assetsIncrease ₹25.3 lakh crore (US$290 billion)[4] (2023)
Total equityIncrease ₹2.85 lakh crore (US$33 billion)[4] (2023)
Number of employees
1,77,000 (1 July 2023)[5]
SubsidiariesHDFC Life
HDFC ERGO
HDFC Securities[6]
HDFC Asset Management Company
HDFC Mutual Fund
HDB Financial Services[7]
HDFC Credila Financial Services Limited
WebsiteTemplate:Official url
Footnotes / references
[8][9][10][11]

HDFC Bank Limited (also known as HDB) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's fourth largest bank by market capitalisation as of July 2023, following its takeover of parent company HDFC.[12][13] It is the second largest company by market capitalisation of $172 billion on the Indian stock exchanges.[14] It is also the sixteenth largest employer in India with nearly 1.78 lakh employees.[15]

History[edit]

HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Bhoop Singh.

As of 1 June 2023, the bank's distribution network was at 8,344 branches and 19,727 ATMs across 3,811 cities.It has installed 4,30,000 POS terminals and issued 2.35 crore (23.5 million) debit cards and 1.2 crore (12 million) credit cards in FY 2017.[16] It has a base of 1,77,000 permanent employees as of 1 June 2023.[17]

Products and services[edit]

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, consumer durable loan, lifestyle loan and credit cards. Along with this various digital products are Payzapp and SmartBUY.[18]

Mergers and acquisitions[edit]

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.[19] Times Bank was established by Bennett, Coleman and Co. Ltd., commonly known as The Times Group, India's largest media conglomerate.[20]

In 2008, Centurion Bank of Punjab (CBoP) was acquired by HDFC Bank. HDFC Bank's board approved the acquisition of CBoP for ₹9,510 crore in one of the largest mergers in the financial sector in India.[21]

In 2021, the bank acquired a 9.99% stake in FERBINE, an entity promoted by Tata Group, to operate a Pan-India umbrella entity for retail payment systems, similar to the National Payments Corporation of India.[22]

In September 2021, the bank partnered with Paytm to launch a range of credit cards powered by Visa.[23]

On April 4, 2022, HDFC Bank announced a merger with the Housing Development Finance Corporation.[24] Upon the completion of the merger, HDFC became the fourth-largest bank in the world by market capitalization.[25] The effective date of the merger was set to be July 1, 2023. After the merger takes place, HDFC, a housing financing corporation, will transfer its home loan portfolio to HDFC Bank. Also, the bank is giving home financing company depositors the choice of either withdrawing their money or renewing their deposits with the private sector bank at the interest rate that the bank is currently offering.[26]

Investments[edit]

In March 2020, Housing Development Finance Corporation, parent company of HDFC Bank, made an investment of ₹1,000 crore in Yes Bank.[27] As per the scheme of reconstruction of Yes Bank, 75% of the total investment by the corporation would be locked in for three years. On 14 March, Yes Bank allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share (including ₹8 premium) to the corporation, aggregating to 7.97 percent of the post-issue equity share capital of Yes Bank.[28]

Listings and shareholding[edit]

The equity shares of HDFC Bank are listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its American depositary receipts are listed on the NYSE issued through JP Morgan Chase Bank.[29]

Its global depository receipts (GDRs) were listed on the Luxembourg Stock Exchange but were terminated by the board of directors following its low trading volume.[30]

Shareholders (as of 30 September 2021)[31] Shareholding[citation needed]
Promoter group (HDFC) 25.88%
Foreign institutional investor(FII) 38.30%
Individual shareholders 13.25%
Qualified institutional buyer 4.74%
Insurance companies 2.94%
Unit Trust of India/mutual funds 14.57%
Financial institutions/banks 0.4%
Central government 0.6%

Parivartan: Corporate social responsibility[edit]

Parivartan is an umbrella term for all of the corporate social responsibility initiatives by HDFC Bank.

HDFC Bank's Parivartan initiative spent ₹535 crore in FY 2019–20.[32]

HDFC Bank spent ₹634.91 crore towards Parivartan,in FY 2020-21. Out of ₹634.9 crore, over ₹110 crore was allocated and utilised towards initiatives focused on COVID-19 relief.[33]

HDFC Bank has pledged to become carbon neutral by 2032.[33]

Controversies[edit]

On 2 December 2020, the Reserve Bank of India (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program citing incidents of outages in the bank's internet banking, mobile banking and payment utility services.[34][35]

On 29 January 2020, RBI imposed a monetary penalty on HDFC Bank for failure to undertake on-going due diligence in case of 39 current accounts opened for bidding in the initial public offer.[36]

A HDFC bank manager was arrested on charges of fraud, involving a sum of ₹59.41 lakh, in Odisha.[37]

Altico Capital and Dubai's Mashreq Bank have approached RBI, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule.[38]

On 27 May 2021, RBI imposed a penalty of ₹10 crore on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio. The said penalty was imposed in regards to the contraventions of certain provisions of the Banking Regulation Act, 1949.[39]

In March 2023, HDB Financial Services suffered a data exposing the data of more than 70 million customers, including email addresses, names, dates of birth, phone numbers, genders, post codes and loan information belonging to the customers.[40]

Awards and recognition[edit]

2016[edit]

  • Best Banking Performer, India in 2016 by Global Brands Magazine Award.[41]
  • Best Performing Branch in Microfinance among private sector banks by NABARD, 2016, Award for Best Performance in Microfinance[42]
  • KPMG study of India's Best Banks, Bank of the year & best digital banking initiative award 2016[43]
  • BrandZ Rankings, Most Valued brand in India for third successive year[44]
  • FinanceAsia poll on Asia's Best Companies 2015, Best managed public company – India[45]
  • J. P. Morgan Quality Recognition Award, Best in class straight-through processing rates[46]

2018[edit]

2019[edit]

  • Best Bank: New Private Sector – FE Best Bank awards[47]
  • Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive Finance India Awards (IFI) 2019[48]
  • Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.[49]
  • Among The Most Honored Company List, Institutional Investor All-Asia (ex-Japan) Executive Team 2019 survey[50]
  • India’s Best Bank, Euromoney Awards for Excellence 2019[51]
  • Bank of the Year and Best Large Bank, Business Today – Money Today Financial Awards 2019[52]
  • Best Bank in India 2019, by Global magazine FinanceAsia.[53]
  • Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands[54] HDFC Bank was featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive year. The Bank's brand value has gone up from $20.87 billion in 2018 to $22.70 billion in 2019.[citation needed]
  • Best Large Bank & Fastest Growing Large Bank in 2019, by Business World Magna Awards[55]
  • India's leading private sector bank: Dun & Bradstreet BFSI Awards[citation needed]

2020[edit]

  • Best Bank in India: Euromoney Awards[56]
  • Best Bank in India: FinanceAsia Country Awards[citation needed]

2021[edit]

2022[edit]

  • Best Bank In India: Euromoney Awards for Excellence 2022[58]

Gallery[edit]

HDFC Bank branches and ATMs
more images can be found on wiki commons.

See also[edit]

References[edit]

  1. ↑ "RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank". thehindu.com. Archived from the original on 23 April 2021. Retrieved 22 April 2021.
  2. ↑ "Balance Sheet of HDFC Bank". moneycontrol. Archived from the original on 4 April 2020. Retrieved 7 January 2016.
  3. ↑ 3.0 3.1 3.2 "HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts" (PDF).
  4. ↑ 4.0 4.1 "HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts" (PDF).
  5. ↑ "HDFC-HDFC Bank Merger". NDTV. Retrieved 11 March 2023.
  6. ↑ Securities, HDFC. "About Us". hdfcsec.com. Archived from the original on 11 January 2021. Retrieved 9 December 2020.
  7. ↑ "How HDB Financial Services Can Add To HDFC Bank's Long Rally". Moneycontrol. Archived from the original on 26 April 2021. Retrieved 26 April 2021.
  8. ↑ "Stocks". Bloomberg L.P. Archived from the original on 8 May 2017. Retrieved 24 October 2020.
  9. ↑ "Sashidhar Jagdishan to be the new CEO of HDFC Bank". Moneycontrol. 4 August 2020. Archived from the original on 11 February 2022. Retrieved 4 August 2020.
  10. ↑ "Sashidhar Jagdishan appointed MD & CEO of HDFC Bank; He will take charge on October 27". the hans india. 17 October 2020. Archived from the original on 20 October 2020. Retrieved 17 October 2020.
  11. ↑ "Composition of Board of Directors of HDFC Bank". hdfcbank.com. Archived from the original on 7 February 2021. Retrieved 23 December 2020.
  12. ↑ "HDFC Bank most valuable brand in India: WPP study". Livemint. 10 September 2015. Archived from the original on 28 November 2019. Retrieved 7 January 2016.
  13. ↑ "Bank Giant Bigger Than Morgan Stanley Arises From India Merger". Bloomberg.
  14. ↑ "Largest bank by Market capitalization". MoneyControl. Archived from the original on 6 June 2021. Retrieved 1 October 2014.
  15. ↑ "HDFC Bank: Number of Employees 2006-2021 | HDB". macrotrends.net. Archived from the original on 22 May 2021. Retrieved 22 May 2021.
  16. ↑ "HDFC Bank 2017" (PDF). Archived (PDF) from the original on 1 December 2017. Retrieved 1 December 2017.
  17. ↑ "HDFC Bank". HDFC Bank. Archived from the original on 21 January 2007. Retrieved 20 January 2007.
  18. ↑ "HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more". business.mapsofindia.com. Archived from the original on 18 July 2016. Retrieved 16 July 2016.
  19. ↑ "HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank". profit.ndtv.com. Archived from the original on 9 July 2016. Retrieved 16 July 2016.
  20. ↑ Bandyopadhyay, Tamal (19 November 2012). "A Bank for the Buck". Live Mint. Archived from the original on 3 April 2020. Retrieved 27 March 2020.
  21. ↑ "HDFC Bank to acquire Centurion Bank of Punjab". Banknet India. Archived from the original on 1 December 2019. Retrieved 23 January 2016.
  22. ↑ "Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine". Moneycontrol. 26 February 2021. Archived from the original on 14 April 2021. Retrieved 4 March 2021.
  23. ↑ "HDFC Bank partners with Paytm to launch co-branded credit cards". mint. 20 September 2021. Archived from the original on 21 September 2021. Retrieved 22 September 2021.
  24. ↑ "HDFC HDFC Bank Merger: HDFC to merge with HDFC Bank in India's biggest-ever M&A | India Business News - Times of India". The Times of India. 5 April 2022.
  25. ↑ Singh, Preeti; Patil, Divya (30 June 2023). "Bank Giant Bigger Than Morgan Stanley Arises From India Merger". Bloomberg.com.
  26. ↑ Kulkarni, Sneha (3 July 2023). "What is the HDFC Bank-HDFC merger date". The Economic Times. ISSN 0013-0389. Retrieved 4 July 2023.
  27. ↑ "HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,00,000 crore". mint. 16 March 2020. Archived from the original on 20 October 2020. Retrieved 8 December 2020.
  28. ↑ "HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion". The Economic Times. Archived from the original on 2 March 2021. Retrieved 8 December 2020.
  29. ↑ "HDFC bank: Information about American Depository Receipt". hdfc bank. Archived from the original on 22 October 2021. Retrieved 22 October 2021.
  30. ↑ Written at New Delhi. "HDFC Bank terminates, de-lists GDRs from Luxembourg Stock Exchange". The hindu Business line. New delhi. 16 July 2019. Archived from the original on 22 October 2021. Retrieved 22 October 2021.
  31. ↑ "Shareholding pattern". Hdfc bank. Archived from the original on 22 October 2021. Retrieved 22 October 2021.
  32. ↑ "Corporate Social Responsibility (CSR): HDFC Bank spends Rs. 535 Cr on community development in FY 2019–20". 26 July 2020. Archived from the original on 26 September 2020. Retrieved 8 December 2020.
  33. ↑ 33.0 33.1 "HDFC Bank Spends Rs. 634.91 Cr Towards CSR in FY 2020-2021". Businesswire: A Berkshire Hathaway company. Archived from the original on 23 October 2021. Retrieved 23 October 2021.
  34. ↑ "RBI asks HDFC Bank to halt issue of new credit cards, planned activities under Digital 2.0". Moneycontrol. 3 December 2020. Archived from the original on 7 December 2020. Retrieved 11 February 2022.
  35. ↑ "Explained: Why RBI has asked HDFC Bank to stop digital launches, new credit card sourcing". The Indian Express. 8 December 2020. Archived from the original on 8 December 2020. Retrieved 8 December 2020.
  36. ↑ "RBI imposes penalty on HDFC bank". rbi.org.in. Archived from the original on 30 January 2020. Retrieved 29 January 2020.
  37. ↑ "A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha". The New Indian Express. Archived from the original on 5 October 2019. Retrieved 16 August 2019.
  38. ↑ Das, Saikat. "Altico and Mashreq approach RBI against HDFC Bank". The Economic Times. Archived from the original on 12 October 2019. Retrieved 13 October 2019.
  39. ↑ "Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank". The indian express. Archived from the original on 23 October 2021. Retrieved 23 October 2021.
  40. ↑ "HDB Financial Services flags data breach at service provider". The Economic Times. 7 March 2023. ISSN 0013-0389. Retrieved 27 June 2023.
  41. ↑ "AWARD WINNERS 2016". globalbrandsmagazine.com. 13 February 2016. Archived from the original on 8 November 2020. Retrieved 24 October 2020.
  42. ↑ "HDFC Bank wins microfinance award from NABARD in Goa". The Times of India. 22 January 2016. Archived from the original on 3 February 2016. Retrieved 1 March 2016.
  43. ↑ "Bank of the Year/ Digital Bank: HDFC BANK". Business Today. Archived from the original on 2 March 2016. Retrieved 1 March 2016.
  44. ↑ "livemint". HDFC Bank is still India's most valuable brand: Brandz ranking. 22 September 2016. Archived from the original on 7 October 2016. Retrieved 2 October 2016.
  45. ↑ "Asia's best managed companies, part 3". FinanceAsia. 20 March 2015. Archived from the original on 29 January 2016. Retrieved 23 January 2016.
  46. ↑ "Top 10 Banks in India 2015". MBA Skool. Archived from the original on 5 July 2018. Retrieved 1 March 2016.
  47. ↑ "Mr. Kaizad Bharucha, Executive Director, HDFC Bank accepted the Best Private Sector Bank award on behalf of the bank from Mr. Narayanan Vaghul, former chairman, ICICI Bank at a glittering ceremony organized in Mumbai on January 10th". HDFC Bank. 10 January 2019. Archived from the original on 5 June 2021. Retrieved 15 January 2020.
  48. ↑ "HDFC Bank has been adjudged winner in the 'Innovation and Inclusiveness in Priority Sector Lending' category at the 11th Inclusive Finance India Awards (IFI) 2019". HDFC Bank. Archived from the original on 5 June 2021. Retrieved 15 January 2020.
  49. ↑ "HDFC Bank retains ranking as India's valuable brand". @businessline. 27 September 2019. Archived from the original on 1 October 2019. Retrieved 1 October 2019.
  50. ↑ "HDFC Bank Awards - Consistently Awarded among India's Best Bank" (PDF). Archived (PDF) from the original on 13 September 2019. Retrieved 16 September 2019.
  51. ↑ "HDFC Bank Awards - Consistently Awarded among India's Best Bank" (PDF). Archived (PDF) from the original on 4 September 2019. Retrieved 4 September 2019.
  52. ↑ "Business Today – Money Today Financial Awards 2019" (PDF). Archived (PDF) from the original on 1 August 2019. Retrieved 1 August 2019.
  53. ↑ "HDFC Bank bags the 'Best Bank in India' title by FinanceAsia magazine – expect this big measures in 2019 from the lender". Zee Business. 28 June 2019. Archived from the original on 2 July 2019. Retrieved 28 June 2019.
  54. ↑ "Millward Brown – Top Global Brands 2019". hdfcbank.com. Archived from the original on 24 June 2019. Retrieved 24 June 2019.
  55. ↑ "Business world Magna Awards" (PDF). Archived (PDF) from the original on 30 June 2019. Retrieved 30 June 2019.
  56. ↑ "Press Release". hdfcbank.com. HDFC Bank. Archived from the original on 23 December 2020. Retrieved 8 December 2020.
  57. ↑ "HDFC Bank awards". HDFC bank. Archived from the original on 23 October 2021. Retrieved 23 October 2021.
  58. ↑ "Awards for Excellence 2022: Best Bank In India-HDFC Bank". Euromoney. 27 July 2022. Retrieved 2 August 2022.

Further reading[edit]

External links[edit]

Template:HDFC Group

Retrieved from "https://en.bharatpedia.org/w/index.php?title=HDFC_Bank&oldid=408491"