HDFC Bank Limited

Indian banking and financial services company


Financial and Banking  








HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's 10th-largest bank by market capitalisation as of April 2021. It is the third largest company by market capitalisation of $122.50 billion on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 120,000 employees. 

HDFC Bank is one of the most trusted and reliable banking institutions in India, offering a wide range of banking and financial services to its customers, including digital banking, mobile banking, net banking, debit cards, and credit cards. The Bank has been consistently ranked as one of the top 10 banks in India in terms of assets and deposits. It has been recognized by the RBI as the Best Bank in India and has received numerous awards and recognitions for its customer service and product offerings.

HDFC Bank was incorporated in August 1994 and currently has a nationwide network of 4,500 branches and 12,500 ATMs spread across Indian towns and cities. HDFC Bank’s Corporate Governance Policy has been adopted keeping in mind the importance of attaining fairness for all stakeholders, as well as achieving organizational efficiency.  It also offers a range of investment and insurance products, as well as various loan products, such as home loans, personal loans, vehicle loans, and business loans.


A subsidiary of the Housing Development Finance Corporation, HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.

It is the largest private sector bank in India as of 2018, with a market capitalization of over INR 5.27 lakh crore (US$76.48 billion). It was incorporated in August 1994, and it has since then grown to become one of the largest banking and financial services institutions in India, with a network of over 5,200 branches and 14,500 ATMs across India.

HDFC Bank launched India’s first credit card in 1998, a significant milestone in the history of Indian banking. This was the first time Indian consumers had access to a convenient and secure plastic money payment system. In 2002, HDFC Bank became the first bank in India to introduce ATMs, enabling customers to access their accounts from any location. This was a revolutionary step in improving customer convenience and reducing the need for customers to travel to branches for transactions.

In 2007, HDFC Bank launched its mobile banking service, allowing customers to access their bank accounts and manage their finances on the go. This was another major step in improving customer convenience and reducing the need to visit branches.

In 2013, HDFC Bank launched the PayZapp mobile wallet, allowing customers to make payments and transfer funds from their phones. This was a major milestone in creating an easy and secure way for customers to make digital payments. In 2017, HDFC Bank introduced contactless cards, allowing customers to make payments quickly and securely with just a tap. This was a major step in making digital payments even more convenient and secure for customers. As well in 2017, HDFC Bank was the first bank in India to introduce the Unified Payments Interface (UPI), allowing customers to make payments and transfer funds with just a few taps. Increasing improvement in the speed and convenience of digital payments.

In 2018, HDFC Bank launched its open banking platform, allowing customers to securely access third-party financial services. This was a major step in creating an open and secure platform for customers to access a range of financial services. FC Bank acquired Centurion Bank of Punjab, making it the largest private sector bank in India. This marked a major milestone in the growth of HDFC Bank, significantly increasing its presence in the Indian market. As of 30 June 2019, the Bank’s distribution network was at 5500 branches across 2,764 cities. The bank also installed 430,000 POS terminals and issued 23570,000 debit cards and 12 million credit cards in FY 2017.

HDFC Bank has since then grown to become one of the largest banking and financial services institutions in India. It offers a wide range of banking products and services such as deposits, loans, credit cards, debit cards, investment services, money transfer services, insurance, mutual funds, and more. It also provides services such as internet banking, mobile banking, phone banking, and more.

HDFC Bank is one of the most respected and trusted brands in India and has earned a strong reputation for its commitment to customer service, innovative products and services, and for its strong financial performance. It has won numerous awards, including “The Best Bank in India” by Business Today,  “The Best Private Sector Bank in India” by The Economic Times, and “The Most Valuable Bank Brand in India” by Brand Finance.


“HDFC Bank’s mission is to be a world-class Indian bank. They have a two-fold objective: first, to be the preferred provider of banking services for target retail and wholesale customer segments. 

The second objective is to achieve healthy growth in profitability, consistent with the bank’s risk appetite.”


“The company aims to be the premier financial partner in ensuring sustainable housing and living standards. It is committed to providing financial solutions for sustainable living and assisting entrepreneurs in value addition.”

“The bank is committed to maintaining the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank’s business philosophy is based on five core values: Operational Excellence, Customer Focus, Product Leadership, People and Sustainability.”

Key Team

Rahul Shukla (Commercial and Rural Banking)

Atanu Chakraborty (Chairman)

Sashidhar Jagdishan (CEO)

Mr. Arvind Kapil (Group Head - Retail Assets at HDFC Bank.)

Kaizad Bharucha (Executive Director)

Mr. Anjani Rathor (Chief Digital Officer)

Mr Sanmoy Chakrabarti (Chief Risk Officer)

Mr. Ramesh Lakshminarayanan (CIO & Group Head - IT,)

Ms. Smita Bhagat (Government and Institutional Business)

Mr. Srinivasan Vaidyanathan (Chief Financial Officer)

Vinay Razdan ( Chief Human Resources Officer)

Recognition and Awards
In 2010, HDFC was nmed the Best Private Bank in India at The Banking and PWM 2010 Global Private Banking Awards. In 2012, the company was named Best Domestic Bank in India by Asia Money. I also ranked amongst the Fab 50 Companies for the 6th year in Forbes Asia during the same year. In 2017, HDFC ranked amongst the top 5 countries that have shaped Asia, and the World by Forbes., and in 2018, it was named the Best Bank in the Export Finance Category by Federation of Indian Export Organisation (FIEO). In 2019, it was awarded DSCI Excellence for Best Security Practices in Banking Sector at Nasscom DSCI Excellence Awards. In 2020, it won the Outstanding Company of the year award by CNBC-TV18 India Business Leader Awards (IBLA), 2019-20, and the Marketing and Brand Innovation of the Year Award at ET Innovation Awards. In 2021, it was named the Best Large Bank in 25th edition of Business Today, a Best Bank study by KPMG. It also won the Finnoviti Awards for Warehouse Commodity Finance on Mobile the same year. In 2022, HDFC was named the Best Large Bank in Fortune India, A Grant Thornton Bharat's study of India's Best Bank. It also ranked #1 in Super Affluent Category (USD 100K-5M) by Euromoney Private Banking and Wealth Management Survey.

Products and Services
  • Auto loans.
  • Credit and debit cards.
  • Personal loans.
  • Home loans.
  • Gold loans.
  • Mortgages.
  • Commercial vehicles finance.
  • Retail business banking.

HDFC Bank Limited
Leadership team

Atanu Chakraborty (Chairman)

Sashidhar Jagdishan (CEO )

Mr. Srinivasan Vaidyanathan (Chief Financial Officer)


Financial and Banking

Products/ Services
Credit cards, consumer banking, commercial banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Numbers of Employees
Above 50,000
Mumbai, Maharashtra, India
Company Type
Public Limited Company
Company Registration
80618 (CIN: L65920MH1994PLC080618)
Above - 1B
Traded as
Social Media

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