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Some important Information about HDFC BANK

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The Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. This was done as part of RBI’s policy for liberalisation of the Indian banking industry in 1994.

HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.

As of June 30, 2022, the Bank had a nationwide distribution network of 6,499 branches and 18,868 ATM's in 3,226 cities/towns.

CSR

HDFC Bank Parivartan. A Step Towards Progress.

Parivartan, HDFC Bank’s social initiative has been a catalyst in transforming the lives of millions of people in India. It aims to contribute towards the economic and social development of the country by sustainably empowering its communities. Its wide range of interventions spanning across different social causes, has brought about the desired change in the remotest parts of the country. Parivartan has uplifted rural lives, brought water to the desert, revolutionised education, supported social start-ups, opened pathways towards financial independence through sustainable livelihood initiatives. With a lot already done, the bank continues to bring about the change keeping with its philosophy of Sustainability and Innovation.Under Parivartan, we work in the following focus areas:

1. Holistic Rural Development Program (HRDP)

2. Promotion of Education

3. Skill Training & Livelihood Enhancement

4. Healthcare and Hygiene

5. Financial Literacy and Inclusion

Vision, Mission And Values

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.

The bank is committed to maintaining the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank’s business philosophy is based on five core values: Operational Excellence, Customer Focus, Product Leadership, People and Sustainability.

Promoter

HDFC is India's premier housing finance company and enjoys an impeccable track record in India as well as in international markets. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment.

Business Focus

As on September 30, 2016 the authorised share capital of the Bank is Rs. 650 crores. The paid-up share capital of the Bank is Rs. 509,12,67,434 (2545633717 equity shares of Rs. 2 each). The HDFC Group holds 21.34 % of the bank’s equity and about 18.58 % of the equity is held by the ADS / GDR Depositories (in respect of the bank’s American Depository Shares (ADS) and Global Depository Receipts (GDR) Issues). Also, 32.04 % of the equity is held by Foreign Institutional Investors (FIIs) and the bank has 4,74,443 shareholders.

HDFC Bank shares are listed on the BSE Limited and The National Stock Exchange of India Limited (NSE). The bank’s American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) under the symbol ‘HDB’ and Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange under ISIN No US40415F2002.

Capital Structure

As on 31 - December-2020 the authorized share capital of the Bank is Rs. 650 crore. The paid-up share capital of the Bank as on the said date is Rs 550,76,56,932 comprising of 550,76,56,932 equity shares of the face value of Re 1/- each. The HDFC Group holds 21.15 % of the Bank's equity and about 18.67 % of the equity is held by the ADS Depositories (in respect of the Bank's American Depository Shares (ADS) . 32.01 % of the equity is held by Foreign Institutional Investors (FIIs) and the Bank has 13,49,591 shareholders.

The shares are listed on the BSE Limited and The National Stock Exchange of India Limited. The Bank's American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) with symbol 'HDB' .

CBoP & Times Bank Amalgamation

On May 23, 2008, the amalgamation of Centurion Bank of Punjab (CBoP) with HDFC Bank was formally approved by Reserve Bank of India to complete the statutory and regulatory approval process. As per the scheme of amalgamation, shareholders of CBoP received one share of HDFC Bank for every 29 shares of CBoP.

The amalgamation added significant value to HDFC Bank with an increased branch network, geographic reach, customer base, and a larger pool of skilled manpower.

In a milestone transaction in the Indian banking industry, Times Bank Limited (a new private sector bank promoted by Bennett, Coleman & Co. or Times Group) was merged with HDFC Bank Ltd., effective February 26, 2000. This was the first merger of two private banks in the new generation private sector banks. As per the scheme of amalgamation approved by the shareholders of both banks and the Reserve Bank of India, shareholders of Times Bank received one share of HDFC Bank for every 5.75 shares of Times Bank.

Distribution Network

HDFC Bank is headquartered in Mumbai. As of September 30, 2022, the Bank's distribution network was at 6,499 branches across 3,226 cities. Customers across India are serviced through multiple delivery channels such as Phone Banking, Net Banking, Mobile Banking, and SMS based banking. The Bank's expansion plans take into account the need to have a presence in all major industrial and commercial centres, where its corporate customers are located, as well as the need to build a strong retail customer base for both deposits and loan products. Being a clearing / settlement bank to various leading stock exchanges, the Bank has branches in centres where the NSE / BSE have a strong and active member base. The Bank also has a network of 18,620 ATMs across India. HDFC Bank's ATM network can be accessed by all domestic and international Visa / MasterCard, Visa Electron / Maestro, Plus / Cirrus and American Express Credit / Charge cardholders.

Technology

HDFC Bank operates in a highly automated environment powered by information technology and communication systems. All branches have online connectivity which enables speedy funds transfer for customers. Multi-branch access is also provided to retail customers through the branch network and Automated Teller Machines (ATMs).

We have made substantial efforts and investments in acquiring the best technology available internationally to build the infrastructure for a world class bank.

For our core banking software needs, the corporate banking business is supported by Flexcube, and the retail banking business by Finware, both from i-Flex Solutions Ltd. The systems are open, scaleable and web-enabled.

HDFC Bank has prioritised its engagement in technology and the internet as one of its key goals and has already made significant progress in web-enabling its core businesses. In each of its businesses, the bank has succeeded in leveraging its market position, expertise and technology to create a competitive advantage and build market share.