HDFC Bank - History and Company profile (overview)

Companies History
16 Mar 202302:16

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

plate

此内容仅限付费用户访问。 请升级后访问。

立即升级

Mindmap

plate

此内容仅限付费用户访问。 请升级后访问。

立即升级

Keywords

plate

此内容仅限付费用户访问。 请升级后访问。

立即升级

Highlights

plate

此内容仅限付费用户访问。 请升级后访问。

立即升级

Transcripts

plate

此内容仅限付费用户访问。 请升级后访问。

立即升级
Rate This

5.0 / 5 (0 votes)

相关标签
HDFC BankBanking HistoryFinancial ServicesMumbaiIndiaStock ExchangeMergerRetail BankingWholesale BankingTreasury
您是否需要英文摘要?