Company Profile: HDFC Bank Limited

Ticker: 500180
Exchanges: OTH BOM
2007 Sales: 84,596,000,000
Major Industry: FINANCIAL
Sub Industry: COMMERCIAL BANKS
Country: INDIA
Employees: 21477
Business Description
HDFC Bank Limited. The Group's principal activities are to provide banking and other financial services. The Group operates through three segments: Retail banking, Wholesale banking and Treasury services. The Retail Banking segment serves retail customers through a branch network and other delivery channels. This segment raises deposits from customers and makes loans and provides advisory services to customers. The Wholesale Banking segment provides loans and transaction services to corporate and institutional customers. The Treasury Services segment undertakes trading operations on the proprietary account, foreign exchange operations and derivatives trading. As at 31-Mar-2007, the Group operated through a network of 684 branches and 1605 ATMs in 316 cities in India.
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 in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
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