HDFC Bank - History and Company profile (overview)
Summary
TLDRHDFC Bank Limited, one of India's largest private banks, originated in 1994 and received its banking license in 1995. It offers a comprehensive range of financial services through retail banking, wholesale banking, and treasury. Notable events include the 1999 merger with Times Bank and the 2008 acquisition of Centurion Bank of Punjab. Listed on major stock exchanges, including the NYSE, HDFC Bank is recognized by Forbes as one of the world's largest public companies.
Takeaways
- 🏦 HDFC Bank Limited is a prominent banking and financial services company based in Mumbai, Maharashtra, India.
- 📜 The company's history traces back to 1994 when HDFC received approval from the Reserve Bank of India to establish a private sector bank.
- 📅 HDFC Bank was incorporated in August 1994 and began banking operations after receiving its license in January 1995.
- 📈 HDFC Bank went public with listings on the Bombay Stock Exchange in May 1995 and the National Stock Exchange in November 1995.
- 🔄 In 1999, HDFC Bank merged with Times Bank, which was established by Bennett, Coleman and Company Limited, also known as the Times Group.
- 🌐 In 2001, HDFC Bank expanded its presence by getting listed on the New York Stock Exchange.
- 🏢 In 2008, HDFC Bank acquired Centurion Bank of Punjab, marking one of the largest mergers in the Indian financial sector.
- 💼 The bank operates in three main business segments: retail banking, wholesale banking, and treasury.
- 🏡 Retail banking offers a variety of financial products and services to personal customers.
- 🏢 Wholesale banking provides commercial and transactional banking services to businesses and organizations.
- 💵 The treasury segment specializes in foreign exchange, derivatives, local currency money market, and debt securities and equities.
- 🌟 Today, HDFC Bank is recognized as one of India's largest private banks and is listed among the world's largest public companies by Forbes.
Q & A
What is the full name of the company discussed in the script?
-The full name of the company is HDFC Bank Limited.
In which city and state is HDFC Bank Limited headquartered?
-HDFC Bank Limited is headquartered in Mumbai, Maharashtra, India.
When did HDFC Bank Limited receive its in-principle approval from the Reserve Bank of India?
-HDFC Bank Limited received its in-principle approval from the Reserve Bank of India in 1994.
When was HDFC Bank Limited incorporated and when did it receive its banking license?
-HDFC Bank Limited was incorporated in August 1994 and received its banking license in January 1995.
On which stock exchanges was HDFC Bank listed in 1995?
-In 1995, HDFC Bank was listed on the Bombay Stock Exchange in May and on the National Stock Exchange in November.
Which bank did HDFC Bank merge with in 1999 and who established it?
-In 1999, HDFC Bank merged with Times Bank, which was established by Bennett, Coleman and Company Limited, also known as the Times Group.
When and where was HDFC Bank listed outside of India?
-HDFC Bank was listed on the New York Stock Exchange in 2001.
What significant acquisition did HDFC Bank make in 2008?
-In 2008, HDFC Bank acquired Centurion Bank of Punjab, which was one of the largest mergers in the financial sector in India.
What are the three main business segments of HDFC Bank?
-The three main business segments of HDFC Bank are retail banking, wholesale banking, and treasury.
What types of services does the retail banking segment of HDFC Bank offer?
-The retail banking segment of HDFC Bank offers a diverse range of financial products and banking services to personal customers.
What are the services provided by the wholesale banking segment of HDFC Bank?
-The wholesale banking segment of HDFC Bank provides a wide range of commercial and transactional banking services to businesses and organizations of all sizes, including working capital finance, trade services, transactional services, and cash management.
What are the main product areas of the treasury segment of HDFC Bank?
-The treasury segment of HDFC Bank focuses on foreign exchange and derivatives, local currency money market, and debt securities and equities.
How is HDFC Bank ranked among the largest private banks in India and public companies globally?
-HDFC Bank is considered one of India's largest private banks and, according to Forbes, it is also considered one of the largest public companies in the world.
Outlines
🏦 Introduction to HDFC Bank
HDFC Bank Limited is a leading banking and financial services company based in Mumbai, Maharashtra, India. Established in 1994, it was one of the first private sector banks in India to receive in-principle approval from the Reserve Bank of India. It was incorporated in August 1994, received its banking license in January 1995, and went public on both the Bombay Stock Exchange in May 1995 and the National Stock Exchange in November 1995. The bank has a significant history of mergers and acquisitions, including the merger with Times Bank in 1999 and the acquisition of Centurion Bank of Punjab in 2008, which was one of the largest mergers in the Indian financial sector. HDFC Bank operates in retail banking, wholesale banking, and treasury, offering a wide range of financial products and services to individuals, businesses, and organizations. It is recognized as one of India's largest private banks and is listed among the world's largest public companies by Forbes.
Mindmap
Keywords
💡HDFC Bank Limited
💡Reserve Bank of India
💡Bombay Stock Exchange
💡National Stock Exchange
💡Times Bank
💡New York Stock Exchange
💡Centurion Bank of Punjab
💡Retail Banking
💡Wholesale Banking
💡Treasury
💡Forbes
Highlights
HDFC Bank Limited is a leading banking and financial services company based in Mumbai, Maharashtra, India.
The company's origins trace back to 1994 when HDFC received in-principle approval from the Reserve Bank of India to establish a private sector bank.
HDFC Bank Limited was incorporated in August 1994 and obtained its banking license in January 1995.
The bank was listed on the Bombay Stock Exchange in May 1995.
HDFC Bank was listed on the National Stock Exchange in November 1995.
In 1999, HDFC Bank merged with Times Bank, which was established by Bennett, Coleman and Company Limited, also known as the Times Group.
HDFC Bank was listed on the New York Stock Exchange in 2001.
In 2008, HDFC Bank acquired Centurion Bank of Punjab, marking one of the largest mergers in the Indian financial sector.
The company operates in three main business segments: retail banking, wholesale banking, and treasury.
Retail banking offers a variety of financial products and services to personal customers.
Wholesale banking provides commercial and transactional banking services to businesses and organizations.
Services under wholesale banking include working capital finance, trade services, transactional services, and cash management.
The treasury segment focuses on foreign exchange, derivatives, local currency money market, and debt securities and equities.
HDFC Bank Limited is recognized as one of India's largest private banks.
According to Forbes, HDFC Bank is considered one of the largest public companies in the world.
For more information on HDFC Bank and other major companies, visit companieshistory.com.
The video encourages viewers to like and subscribe for more content on companies and brands.
Transcripts
welcome to companieshistory.com
HDFC Bank limited is a Banking and
Financial Services Company headquartered
in Mumbai Maharashtra India
the company's Origins date back to 1994
when the Housing Development Finance
Corporation limited HDFC became one of
the first financial institutions in
India to receive it in principle
approval from The Reserve Bank of India
to set up a bank in the private sector
HDFC Bank limited was incorporated in
August 1994 and received its banking
license in January 1995.
in May 1995 HDFC Bank was listed on the
Bombay Stock Exchange
in November 1995 HDFC Bank was listed on
the National Stock Exchange
in 1999 HDFC Bank merged with times Bank
times Bank was established by Bennett
Coleman and Company Limited an Indian
media conglomerate also known as the
times group
in 2001 HDFC Bank was listed on the New
York Stock Exchange
in 2008 HDFC Bank acquired Centurion
Bank of Punjab
this acquisition became one of the
largest mergers in the financial sector
in India
the company operates through the
following business segments retail
banking wholesale Banking and Treasury
the retail banking segment offers a
diverse range of financial products and
banking services to personal customers
the wholesale banking segment provides a
wide range of commercial and
transactional banking services to
businesses and organizations of all
sizes its services include working
Capital Finance Trade Services
transactional services and cash
management
the treasury segment focuses on three
main product areas foreign exchange and
derivatives local currency money market
and debt Securities and equities
today HDFC Bank limited is considered
one of India's largest private Banks
according to Forbes it is considered one
of the largest public companies in the
world
to learn more about HDFC bank and the
largest companies and brands in the
world visit companies history.com if you
enjoy our content please like And
subscribe
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