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Hdfc a premier housing finance company.
History hdfc bank full form. I video history of hdfc bank b ii hdfc bank full detail knowledge on hdfc bank. Hdfc bank originally known as the housing development finance corporation hdfc is a banking and financial services company headquartered in mumbai india. A new private sector bank promoted by housing development corporation ltd. What does hdfc mean.
Keep reading to know more. In march 1995 hdfc bank launched rs 50 crore initial public offer ipo 5 crore equity shares at rs 10 each at par eliciting a record 55 times oversubscription. Hdfc bank was listed on the bombay stock exchange on 19. Even though the company was set up for the housing finance but became a bank in 1994 after the private bank liberalizations took place.
The parent company still continues to exist. Hdfc bank form center download various forms online for all the financial products services offered by indias leading bank hdfc bank. Hdfc bank full form aa hdfc bank history. Hdfc bank doesnt have a full form its the whole name.
Ramon house churchgate branch was inaugurated on 16 january 1995 as the first branch of the bank. We have found 1 more result for hdfc. It has a base of 111208 permanent employees. It is indias largest private sector lender by assets.
So they are 2 different entities with 2 different names. Suggest new hdfc. Company history hdfc bank 1994 the bank was incorporated on 30th august. 17 ab 1977 hdfc bl l.
Hdfc bank commenced operations as a scheduled commercial bank in january 1995. It was ranked 60th in. Housing development fund corporation. Hdfc bank was incorporated in 1994 with its registered office in mumbai maharashtra indiaits first corporate office and a full service branch at sandoz house worli were inaugurated by the then union finance minister manmohan singh.
Hdfc the full name of this bank is housing development finance corporation hdfcthat was incorporated in 1977. Hdfc bank full form. Hdfc bank full form in hindi. It was promoted by housing development finance corporation hdfc and gave them the name.
As of june 30 2019 the banks distribution network was at 5500 branches across 2764 cities.
