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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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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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HSBC's origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers. In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base.
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/images/logos/local/th_icicipruamc.jpgICICI Prudential Asset Management Company Ltd.
ICICI Prudential Asset Management Company Ltd. is the second largest asset management company (AMC) in the country (as per average assets under management as on June 30, 2014) focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions. (Data source: AMFI).The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry. The AMC manages significant Assets under Management (AUM) in the mutual fund segment. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.
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/images/logos/local/th_indian_bank.jpgIndian Bank
In addition to standard banking services, Indian Bank diversified into Merchant Banking, Housing and Fund Management services. More than 1300 branches and 75 ATMs across the country.
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/images/logos/local/th_iba.jpgIndian Bank's Association
IBA has 147 members comprising of Public Sector banks, Private Sector banks, Foreign banks having offices in India, Urban Co-operative banks, Developmental financial institutions, Federations, merchant banks, mutual funds, housing finance corporations, etc. Main objective is to promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking.
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/images/logos/local/th_iob.jpgIndian Overseas Bank
The Constitution of the Board of the Bank is governed by "The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of "The Banking Companies (Acquisition and Transfer of Undertakings) Ac, t 1970". Offers Personal Banking, NRI services, Forex services, Agri Business Consultancy, Credit Cards and Any Branch Banking and ATM network.
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HDFC Bank tweaks norms for premium accounts
Posted on 10th November 2017
CHENNAI: HDFC Bank has tweaked the requirement for its premium customers by mandating that they now keep Rs 1-lakh balance a month from the earlier requirement of Rs 1-lakh balance a quarter.

Changing the eligibility for its 'Classic' banking programme, HDFC Bank now mandates that customers would have to maintain the new minimum balance from December 9, according to mailers sent to customers. Read More


HDFC Bank makes RTGS, NEFT online transactions free from Nov 1
Posted on 6th November 2017
New Delhi, Nov 6 () Private lender HDFC Bank has made online transactions through RTGS and NEFT free of cost from November 1, with an aim to promote a digital economy.

On the other hand, various charges for cheque-related transactions as well as request for additional leaves will get costly from early next month for non-managed savings and salary accounts. Read More


HDFC Bank Q2 net up 20% to Rs 4,151 cr, but bad loans surge
Posted on 24th October 2017
Private lender HDFC Bank on Tuesday reported a rise in net profit by 20.1 per cent to Rs 4,151 crore for the September quarter against Rs 3,455 crore in the year-ago quarter.

Provisions, predominantly for bad loans, surged 97.09 per cent to Rs 1,476.19 crore from Rs 748.99 crore a year ago. Read More


HDFC bank up 54% in the year; JP Morgan says ‘buy’
Posted on 19th September 2017
JP Morgan has raised the target for HDFC bank to Rs 1,975, from the previous target price of Rs 1,720; a near 15% increase. The shares have returned more than 54% since January, as against the BSE Sensex returns of 21.77% in the year.

The shares were trading flat at Rs 1,859.75 on Tuesday morning. The global asset management firm expects that HDFC bank’s earnings will grow at a steady pace, as there’s minimal asset quality risk for the bank. Read More


HDFC Bank turns India’s 2nd most valuable firm, beats TCS, but only for a while
Posted on 13th September 2017
Shares of HDFC Bank hit a fresh life-time high on the Bombay Stock Exchange (BSE) on Tuesday and surpassed Tata Consultancy Services (TCS) during the day’s trade to become the country’s second most valued firm in terms of market capitalisation.

The market capitalisation of HDFC Bank touched a high of Rs 4.73 lakh crore. However, in the afternoon trade, shares of TCS regained the lost ground and ended the session with a market capitalisation of Rs 4.76 lakh crore, data from the stock exchange showed. Read More

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