|
| Home » Top Banks of the world » HDFC |
|
HDFC Bank |
|
When private banking was introduced in India in 1994, HDFC bank or Housing Development Finance Corporation Limited was among the first banks to get a nod from the Reserve Bank of India. HDFC Bank Ltd, with is headquarters in Mumbai, has been included in the “Fabulous 50”, that is the top 50 banks in Asia Pacific by the Forbes magazine. Today HDFC Bank Ltd is a fast growing company, targeting not only the Indian customer and corporate houses, but a large population of non-resident Indians (NRIs) who are currently living abroad. Business Today has rated HDFC as the “best bank” in the year 2006.
|
While the authorized capital of the bank is Rs.4.5 billion, the paid capital amounts to Rs.3.1 billion. The company has 190,000 shareholders, as listed in the Mumbai Stock Exchange and the National Stock Exchange. HDFC Bank Ltd has three prime focus areas. Namely, personal banking, which targets Indian customers and claims to be their one stop for all their banking needs, NRI banking that takes into account their specific banking needs and transfer money to India and, wholesale banking which targets corporate houses and small and medium sized enterprises (SMEs) and specializes in cash management.
For the Indian customer, the HDFC Bank Ltd, irrespective of whether they are self-employed or working in a company, can not only manage their accounts and savings, but also extend loans as varied as personal loans, home loans, educational loans, two wheeler loans, new car loans, used car loans, loans against security and loans against property, among others. Individuals can also avail of the Bank's investment and financial services, through mutual funds, insurance, bonds and financial planning. HDFC Bank Ltd has focused largely on businesses, ranging from large corporate houses, the Government sector, SMEs, financial institutions and trusts.
The HDFC Bank is technologically savvy, to take care of their customers in every continent of the world, including Canada, USA, UK, Europe, USA, Middle East, Africa, Australia and South East Asia. The network moreover is easily accessible online, while most of their products and services are available online as well. The Bank boasts of 748 branches across 316 cities and customers are provided services not only through internet banking, but also telephonic and other forms of electronic communication.
|
|
|
|
|