Who is the owner of HDFC Bank

HDFC Bank

HDFC Limited is the largest housing finance company in the country. this also have many associate companies like HDFC bank, HDFC Red, HDFC Finance, HDFC Credila Financial Services, HDFC Property fund, HDFC Asses Management Company and HDFC Standard Life insurance Company ltd.

HDFC Bank was established in August 1994. It is a major bank in India. HDFC Bank has maximum branches in Mumbai and Delhi. HDFC Bank was incorporated in January 1995 as a scheduled commercial bank.

You must have heard about HDFC Bank and in today’s time it is a very big company in India, which along with the finance of the vehicle also does the work of banking,

most of the vehicles in India are financed by these banks and probably this Due to the reason this bank has emerged as such a big bank in India,

you will get to see this bank easily in almost all small and big cities recently because the network of this bank is very big.

In addition, HDFC Bank is also the fifteenth largest employer in India with 120,000 employees.

The merger of other banks with HDFC Bank

There was also a merger of some banks with HDFC Limited Bank. This bank has emerged as such a big bank in such a short time.

On 23 May 2008, the Reserve Bank of India approved the merger of HDFC Bank and Centurion Bank of Punjab.

Due to this, the investors of Centurion Bank of Punjab suffered a lot. Because instead of 29 shares of CBOP, he was given one share of HDFC.

After this, on 26 February 2000, the Reserve Bank of India approved the merger of HDFC and Times Bank. Times Bank was being operated by the Times Group.

Due to this merger, the shareholders of Times Bank were given one share of HDFC in exchange for 5.75 shares of Times Bank.

HDFC Bank belongs to which country?

HDFC Bank was registered in 1994 as a subsidiary of Housing Development Finance Corporation.

HDFC’s first full-service branch at Sandoz House, Worli was inaugurated by Manmohan Singh, the then Union Finance Minister.

HDFC is recently providing banking and financial services. It is a private bank and in terms of statistics, as of 2013, this bank has a total of 3,336 branches in 2,104 cities in India.

This bank has 11,473 ATMs operating in different regions of India. From this, you can get an idea of ​​how big a bank this is.

Who is the owner of HDFC

HDFC is a private bank, headquartered in Mumbai, India. The founder of this bank is Bibu Varghese, who launched this bank in August 1995.

Recently the chairman of this bank is C.M. Vasudev. Its Managing Director is Aditya Puri, this bank works related to private banking, commercial banking, investment banking, retail banking, asset management loans credit cards, etc.

According to the data for 2013-14, the total revenue of this bank was ₹ 49,055.18 crore. Its operating income was `14,360.09 crore.

With this, the net profit of this bank was up to ₹ 8,478.40 crore. The total assets of this bank as of 31 March 2014 were Rs 4,91,599.52 crore.

Information about HDFC Bank.

type of bankprivate bank
Industryfinancial Services
EstablishedAugust 1994
the headquartersMumbai, Maharashtra, India
Service areaBharat
PresidentAtanu Chakraborty
CEOShashidhar Jagadeesan
OWNERhousing development finance
Corporation (25.7%)
employees
number of
120,093 (2021)
Websitehdfcbank.com

HDFC Bank Products and Services

Credit Card
consumer banking
commercial banking
Finance and Insurance
investment banking
mortgage loans
private banking
private equity
money management
car loan
personal loan
property loan
lifestyle loan
payzapp
smart Buy

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HDFC Bank FAQ

Who is the owner of HDFC?

HDFC is a private bank, headquartered in Mumbai, India. The founder of this bank is Bibu Varghese, who launched this bank in August 1995.

Where is the headquarters of HDFC?

headquartered in Mumbai, India

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