HDFC BANK (Housing Development Finance Corporation)

Introduction:

  • HDFC (Housing Development Finance Corporation) Bank is an Indian banking and financial services company. 
  • It is India’s second-largest private sector lender by assets. 
  • It is the largest bank in India by market capitalization as of February 2016. 

History:

  • In 1994 HDFC Bank was incorporated, with its registered office in Mumbai, India. 
  • Its first corporate office and a full-service branch at Sandoz House, Worli, Mumbai was inaugurated by the then Union Finance Minister, Manmohan Singh. 
  • As of December 31, 2016, the Bank’s distribution network was at 4,555 branches and 12,087 ATMs across 2,597 cities. 
  •  Logo of HDFC bank:
      

  • Tagline :We Understand Your World 
  • Headquarter : Mumbai, Maharashtra. 
  • MD & CEO : Mr.Aditya Puri 
  • Founded on : August, 1994. 

Abroad Offices:

  • Bahrain 
  • Hong Kong 
  • Dubai 

Awards Received (2016):

  • Best Banking Performer Award, India in 2016 by Global Brands Magazine. 
  • Bank of the year & best digital banking initiative award 2016 by KPMG study of India’s Best Bank 
  • Business leader of the year for Aditya puri by AIMA Managing India 
  • Best Performing Branch in Microfinance among Private sector bank, 2016 by NABARD 
  • It was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands.

Mergers:

  • Times Bank in February 2000. 
  • Centurion Bank in 2008. 

Digital offerings provided by HDFC:

  • Chillr
  • PayZapp 
  • SME Bank 
  • Watch Banking 
  • 30-Minute Auto Loan 
  • 15-minute Two-Wheeler Loan 
  • 10 second personal loan 
  • e-payment gateways 
  • Digital Wallet 

Project AI:

  • The latest project of HDFC bank is “Project AI”, under which it would deploy robots at selected bank branches. 
  • These robots will offer options such as cash withdrawal or deposit, forex, fixed deposits and demat services displaying on the screen to persons coming into the branch.

CSR Activities:

  • Sustainable Livelihood -
 Provide empowerment to the rural section of the country, especially women
  • Financial Literacy -
 Financial literacy in 600 schools across Andhra Pradesh and Odisha.

Mind Map:
Smart Prep Kit for Banking Exams by Ramandeep Singh - Download here

Join 40,000+ readers and get free notes in your email

0 comments:

Post a Comment

Thanks for commenting. It's very difficult to answer every query here, it's better to post your query on IBPSToday.com