HDFC BANK

1. BY TARUN VERMA

2. INTRODUCTION HDFC Company and headquarter based in Mumbai, Maharashtra that was incorporated in August 1994.HDFC bank is the fifth largest bank in India by assets and the largest bank by market capitalization. The bank’s distribution network was at 3,119 branches and 11,088 ATMs in 1,891 cities/towns and increase of 555 branches and 1,379 ATMs over 2,564 branches and 9,709 ATMs in 1,416 cities/towns. The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company of India

3. HISTORY The Bank started operation as a scheduled commercial bank in January 1995 under the RBI’s liberalization polities. On 26 February 2000 Times Bank Limited owned by The Times Group was merged with HDFC Bank Ltd. This was the first merger of two private bank in India. Shareholder of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times Bank. On 23 May 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than 1,000. The balance sheet size of the combined entity is more than Rs . 1,63,000 crore . The Amalamated bank emerged with a base of about Rs.1,22,000 crore and net advances of about Rs.89,000 crore .

4. SERVICES Wholesales Banking Services Bank provides a wide range of commercial and transaction banking services, including working capital finance, trade services, transactional services, cash management etc. The bank is also a leading provider of the above services to its corporate customer, mutual funds, stock exchange members and banks

5. Retail Banking Services HDFC Bank was the first bank in India to launch an international Debit Card in association with VISA and issues the Master Card Maestro Debit Card as well. The bank launched its Credit Card business in late 2001. The bank had a total card base of over 13 million. The bank is positioned in various net based B2C opportunities including a wide range of internet banking services for Fixed Deposits, Loans, Bill Payments etc.

6. Treasury Services The bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities and Equities. These services are provided through the bank’s T reasury team. The bank is required to hold 25% of its deposits in government securities. The Treasury business is responsible for managing the returns and market risk on this investment portfolio.

7. Financial Status The bank had balance sheet size of Rs . 3837 billion. The fiscal year 2011-12, the bank has reported net profit of Rs . 5167.07 crore , up 31.6% from the previous fiscal. HDFC Bank has been voted as the Best Bank in Asia on the list of ‘Best Investor Relations Companies’, based on a survey conducted by global magazine Institutional Investor. The Bank’s total balance sheet size increased by 18.5% to INR 4,003.32 billion on March 31, 2013 .