HDFC Bank

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HDFC Bank Limited
Private
Traded asBSE500180
NSEHDFCBANK
NYSEHDB
BSE SENSEX Constituent
CNX Nifty Constituent
IndustryBanking, financial services
FoundedAugust 1994; 25 years ago (August 1994)
HeadquartersMumbai, Maharashtra, India
Area served
India
Key people
ProductsCredit cards, consumer banking, banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management[4]
Revenue116,597 crore (US$17 billion) (2019)[5]
23,263 crore (US$3.4 billion) (2019)[5]
21,078 crore (US$3.0 billion) (2019)[5]
Total assets1,189,432 crore (US$170 billion) (2019)[6]
Number of employees
104,154 (June 30, 2019)[7]
Websitewww.hdfcbank.com

HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 111,208 permanent employees as of 30 September 2019.[8] HDFC Bank is India’s largest private sector lender by assets.[9] It is the largest bank in India by market capitalisation as of February 2016.[10] It was ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands.[11]

History[edit]

HDFC Bank was incorporated in 1994, 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, Manmohan Singh.

As of June 30, 2019, the Bank's distribution network was at 5,130 branches across 2,764 cities. The bank also installed 4.30 Lakhs POS terminals and issued 235.7 Lakhs debit cards and 85.4 Lakhs credit cards in FY 2017.[6]

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.[12]

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.[13] In 2008, Centurion Bank was acquired by HDFC Bank. HDFC Bank Board approved the acquisition of CBoP for 95.1 billion INR in one of the largest mergers in the financial sector in India.[14]

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 Depository Shares are listed on NYSE and the global depository receipt are listed on the Luxembourg Stock Exchange where two GDRs represent one equity share of HDFC Bank.[15]

Shareholders (as of 31 December 2015) Shareholding[15]
Promoter group (HDFC) 21.57%
Foreign institutional investors (FII) 32.4%
Individual shareholders 8.5%
Bodies corporate 7.5%
Insurance companies 5.38%
Mutual funds/UTI 8.65%
NRI/OCB/others 0.29%
Financial institutions/banks 2.75%
ADS/GDRs 18.78%

Corporate social responsibility[edit]

HDFC Bank's Parivartan initiative has spent ₹443.8 crore towards CSR in 2018-19 [16] making it the third largest CSR spender in India.[17]

Awards and recognition[edit]

2019[edit]

  • Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.[1]
  • Among The Most Honored Company List, Institutional Investor All-Asia (ex-Japan) Executive Team 2019 survey
  • India’s Best Bank, Euromoney Awards for Excellence 2019
  • Bank of the Year and Best Large Bank, Business Today – Money Today Financial Awards 2019[18]
  • Best Bank in India 2019, by Global magazine FinanceAsia.[19]
  • Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands[11] 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.
  • Best Large Bank & Fastest Growing Large Bank in 2019, by Business World Magna Awards[20]

2016[edit]

  • Best Banking Performer, India in 2016 by Global Brands Magazine Award.[21]
  • Best Performing Branch in Microfinance among private sector banks by NABARD, 2016, Award for Best Performance in Microfinance[22]
  • KPMG study of India's Best Banks, Bank of the year & best digital banking initiative award 2016[23]
  • BrandZ Rankings, Most Valued brand in India for third successive year[24]
  • FinanceAsia poll on Asia's Best Companies 2015, Best managed public company - India[25]
  • J. P. Morgan Quality Recognition Award, Best in class straight through processing rates[26]

Further reading[edit]

  • Bandyopadhyay, Tamal (2013). A Bank for the Buck. Jaico Publishing House. p. 344. ISBN 8184953968.
  • Bandyopadhyay, Tamal (2019). HDFC Bank 2.0: From Dawn to Digital. Jaico Publishing House. ISBN 9789388423359.

See also[edit]

References[edit]

  1. ^ "board of directors".
  2. ^ "HDFC Bank Senior Management". HDFC Bank Limited. 8 November 2016. Retrieved 8 November 2016.
  3. ^ "RBI extended Mr.Puri's term". livemint. 30 October 2018. Retrieved 25 December 2018.
  4. ^ "Balance Sheet of HDFC Bank". moneycontrol.
  5. ^ a b c "HDFC Bank 2017". Retrieved 1 December 2017.
  6. ^ a b "HDFC Bank 2017" (PDF). Retrieved 1 December 2017.
  7. ^ "FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND YEAR ENDED MARCH 31, 2019" (PDF). HDFC Bank Ltd.
  8. ^ "HDFC Bank". HDFC Bank. HDFC Bank.
  9. ^ "HDFC Bank most valuable brand in India: WPP study". Livemint. Livemint. 10 September 2015.
  10. ^ "Largest bank by Market capitalization". MoneyControl. MoneyControl.
  11. ^ a b "Millward Brown - Top Global Brands 2019". hdfcbank.com.
  12. ^ "HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more". business.mapsofindia.com. Retrieved 16 July 2016.
  13. ^ "HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank - NDTVProfit.com". profit.ndtv.com. Retrieved 16 July 2016.
  14. ^ "HDFC Bank to acquire Centurion Bank of Punjab". Banknet India.
  15. ^ a b "HDFC bank listing & shareholding". Money Control.
  16. ^ https://indiacsr.in/csr-space-is-still-in-a-fairly-nascent-stage-and-evolving-every-day-ashima-bhat-group-head-csr-hdfc-bank/
  17. ^ https://timesofindia.indiatimes.com/business/india-business/hdfc-bank-hikes-csr-spend-by-47-in-2-years/articleshow/61789021.cms
  18. ^ "Business Today – Money Today Financial Awards 2019" (PDF).
  19. ^ "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. Retrieved 28 June 2019.
  20. ^ "Business world Magna Awards" (PDF).
  21. ^ Global Brands Magazine Award 2016 winners
  22. ^ "HDFC Bank wins microfinance award from NABARD in Goa". Times of India. 22 January 2016. Retrieved 1 March 2016.
  23. ^ "Bank of the Year/ Digital Bank: HDFC BANK". Business Today. Retrieved 1 March 2016.
  24. ^ "livemint". HDFC Bank is still India’s most valuable brand: Brandz ranking. 22 September 2016.
  25. ^ "Asia's best managed companies, part 3". FinanceAsia. 20 March 2015.
  26. ^ "Top 10 Banks in India 2015". MBA Skool.

External links[edit]