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HDFC Bank
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an in principle approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry. The 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.
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Contact Details
Office Address:HDFC Bank
New Bldg;
Chandivali Farm Road, Off Saki Vihar Road, Chandivali, Andheri (East)
Mumbai, MH, 400072
Phone : +91-22-24988484, 24961616
Fax : +91-22-24965235
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News
HDFC Bank drives up credit card use
Posted on 14th May 2018
Mumbai: HDFC Bank is looking to double the penetration of credit cards among its customer base over the next three years.

The lender, which is already the country's largest issuer had around 1.06 crore outstanding credit cards as of March this year. This comprises close to 25 per cent of its base of four crore customers. Read More


HDFC Bank to start search for CEO Aditya Puri's successor next year
Posted on 11th May 2018
In March/April next year, HDFC Bank says it will start the process for deciding on a successor to Aditya Puri, its founding managing director and chief executive officer.

The successor will be announced by October 2019, a year prior to Puri stepping down from the charge in October 2020. Read More


HDFC to invest Rs 10 billion in stressed asset fund for realty segment
Posted on 9th May 2018
Housing Finance Development Corporation (HDFC) is planning to put up to Rs 10 billion in a stressed asset fund for the realty segment.

Implementation from last year of the Real Estate (Regulation and Development) Act is expected to throw up a number of opportunities for the restructuring of real estate entities and to nurse stressed assets. Read More


HDFC Bank hikes fixed deposit rates, loans set to get costlier too
Posted on 26th April 2018
MUMBAI: In a bid to grow its deposits, HDFC Bank has hiked interest rates on term deposits by up to 100 basis points (1 percentage point). Following the increase, the bank is offering a flat return of 7per cent on all maturities of over one year, while senior citizens can earn up to 7.5 per cent and bulk depositors (Rs 1 crore and above) get even more. Read More

Maintain ‘buy’ on HDFC Bank with TP of Rs 2,454
Posted on 24th April 2018
HDFC Bank’s Q4FY18 earnings sustained 20% YoY growth momentum but core operating profit growth was softer—up <25% versus 30% plus over the past couple of quarters. The miss was due to sharp moderation in loan growth (sub-20% YoY); surprising given better market opportunities in corporate segment (PSU fallout). Meanwhile, deposits grew a strong 13% QoQ, which along with capital raising will provide growth runway to the bank. Read More
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