Corporate Details

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 liberalization of the Indian Banking Industry in 1994. Incorporated in August 1994 as HDFC Bank Limited , as of December 31, 2006, the bank had a India network of 684 branches in 316 cities in India and over 1663 ATM's.

Activities
HDFC Bank mainly provides three kinds of banking services:
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Personal Banking NRI Banking Wholesale Banking

The following are the products and services provided by the HDFC bank :
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HDFC Bank provides loans like Personal Loans , Home Loans , Educational Loans , Two Wheeler Loans , New car Loans, Used Car Loans, Overdraft Against Car, Express Loans, etc. HDFC Bank provides Credit, Debit and Prepaid Cards to help you meet your financial objectives. HDFC Bank provides facilities like Mutual Funds , Insurance , General & Health Insurance, Bonds , Financial Planning, Knowledge Center, Equities & Derivatives, Mudra Gold bar.

If you need to deal in foreign currency and keep tabs on exchange rates every now and then, transfer funds to India, make payments etc., HDFC Bank has a range of products and services that you can choose from to transact smoothly, efficiently and in a timely manner. With HDFC Bank 's payment services, you can bid goodbye to queues and paper work. HDFC 's range of payment options make it easy to pay for a variety of utilities and services. HDFC Bank has designed two programs to make banking easier for the customers and they are
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HDFC Bank Preferred Programme HDFC Bank Classic Programme.

HDFC Bank offers Private Banking services to high net worth individuals and institutions. HDFC Bank offers you quick, economical and convenient options to remit and transfer funds to India. Corporate Banking reflects HDFC Bank 's strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. HDFC Bank acts as an active medium between the government and the customers by means of various services.

Performance

Profit & Loss Account : Year ended March 31, 2007 For the year ended March 31, 2007, the Bank earned total income of `8,405.3 crores as against `5,599.3 crores in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the year ended March 31, 2007 were `5,225.8 crores, up 42.4% over `3,669.8 crores for the year ended March 31, 2006. Net Profit for year ended March 31, 2007 was `1,141.5 crores, up 31.1%, over the corresponding year ended March 31, 2006.

Organization

Mr. Aditya Puri is the Managing Director of HDFC Bank . Contact Details Registered address: HDFC Bank House , Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India.

History
HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited (HDFC), India's largest housing finance company. It was among the first companies to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. The Bank started operations as a scheduled commercial bank in January 1995 under the RBI's liberalisation policies. Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with HDFC Bank Ltd., in 2000. This was the first merger of two private banks in India. Shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times Bank.

In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than 1,000. The amalgamated bank emerged with a base of about Rs. 1,22,000 crore and net advances of about Rs.89,000 crore. The balance sheet size of the combined entity is more than Rs. 1,63,000 crore