HDFC Bank (NYSE:HDB) is a leading Indian private sector bank established in August 1994 and commencing operations in January 1995. Headquartered in Mumbai, the institution was originally promoted by the Housing Development Finance Corporation (HDFC) to provide comprehensive banking and financial services. Over the years, the bank has evolved into a universal banking franchise, offering a wide range of products to individuals, small and medium enterprises, and large corporations.
The bank’s core business activities are organized into retail banking, wholesale banking and treasury operations. In retail banking, HDFC Bank offers savings and current accounts, fixed deposits, home and auto loans, credit and debit cards, and wealth management services. Its wholesale banking division caters to corporate clients with working capital finance, term loans, trade services, cash management, and structured finance. The treasury function manages the bank’s investments in government securities, foreign exchange, derivatives and other money market instruments to optimize liquidity and risk-adjusted returns.
HDFC Bank has built one of the largest branch and ATM networks in India, serving urban and rural markets with over 5,900 branches and 17,700 ATMs nationwide. The bank also maintains international offices and branches in Bahrain, Dubai, Hong Kong, London and Singapore, supporting cross-border transactions and global treasury operations. Embracing digital transformation, HDFC Bank offers robust online and mobile banking platforms, enabling customers to access banking services, make payments and manage investments from anywhere.
Corporate governance is overseen by Chairman Deepak S. Parekh, a veteran of India’s financial sector, with Sashidhar Jagdishan serving as Managing Director and Chief Executive Officer. Under their leadership, the bank has focused on expanding its digital footprint, enhancing customer experience and upholding prudent risk-management practices. HDFC Bank’s commitment to innovation and broad-based financial inclusion has positioned it as a pivotal player in India’s banking industry.
