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HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. [9][10]
HDFC Bank’s mission is to be a world class Indian bank. We have a two-fold objective: first, to be the preferred provider of banking services for target retail and wholesale customer segments. The second objective is to achieve healthy growth in profitability, consistent with the bank’s risk appetite.
Apr 4, 2022 · NEW DELHI: Mortgage lender HDFC will merge with HDFC Bank to create India's third-biggest financial entity in terms of market capitalisation. The proposed merger will enable HDFC Bank to build its housing loan portfolio and enhance its existing customer base.
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 the world's fifth largest bank by market capitalisation as of August 2023, following its takeover of parent company HDFC.
- Full Form of HDFC Explained
- Founder
- Brief History of HDFC
- CORE Values of The Bank
- Products and Services Offered
The full form of HDFC is Housing Development and Finance Corporation, which is the largest entity in the real estate sector to provide housing related products and services to the citizens of India. It is a prominent financial institution that has a crucial role in the development and expansion of the real estatesector. Through its services, it hel...
It was founded by Hasmukh Thakordas Parekh, a philanthropist, economist, entrepreneur, and writer. He was born on 10thMarch 1911 in Surat (British India). The London School of Economics awarded him the honorary Padma Bhushan and fellowship. He also played an instrumental role in developing the Industrial Credit and Investment Corporation of India, ...
The Housing Development Finance Corporation was incorporated in 1994 in Mumbai, Maharashtra, as the registered office. The first operating corporate office and branch with all services was established in Sandoz House, Worli, inaugurated by Dr. Manmohan Singh, the then Finance Minister of India.
The core values are as follows: 1. Trust 2. Professional Service 3. Integrity, and 4. Transparency The corporation's objective is to provide, professionally and systematically, housing finance and ownership. This Corporation aims to increase the flow of resources to the housing sector by integrating domestic financial marketsinto the housing financ...
The financial institution has a diverse range of products and services that are designed to meet various types of financial needs of people. Let us study the products in detail.
HDFC has come a long way since its inception in 1977, overcoming numerous obstacles in the evolution from a fledging start-up to India’s leading provider of Housing Finance.
Apr 8, 2024 · HDFC Bank stands as a beacon in the Indian banking sector, renowned for its extensive range of financial services and customer-centric approach. The acronym HDFC signifies Housing Development Finance Corporation, which underlines its initial mission to enhance residential housing finance in India.
