About HDFC (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