The Bank's ATMs increased from 1977 to 3295 during the year. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. IBA Banking Technology Awards 201213 Best Technology Bank of the year Winner Best Internet Bank Winner Best Customer Management Initiative Winner Best use of Mobility Technology in Banking, Business Standard Mr Aditya Puri Banker of the Year 2013 Business TodayKPMG Best Banks Survey 2013 Best Bank 2013 Business India Best Bank 2013 Global Finance Survey World's Best Banks 2013 Best Bank in India Outlook Money Awards 2013 Best Bank in Large Banks CategoryIBA Innovation Awards Most Innovative use of TechnologyDun & Bradstreet Polaris Financial Technology Banking Award 2013 Best Private Sector Bank Technology Adoption Best Private Sector Bank Retail Overall Best Private Sector BankInstitutional Investor Best Bank in Asia Mr. Aditya Puri Best CEOForbes Asia Fab 50 Companies List for the 7th yearSunday Standard Best Banker Awards Best Private Sector Bank: Large Safest Bank: Large Mr. Aditya Puri: Top AchieverUTI Mutual Fund CNBC TV 18 Financial Advisory Awards 2012 Best Performing Bank PrivateAsia Money 2013 Best Domestic Bank in India Mr. Aditya Puri: Best Executive in IndiaMACCIA Awards 2013 Best in Financial Services: Bank CategoryDun & Bradstreet Corporate Awards 2012 Best in Banking sector NDTV Profit Business Leadership Awards 2012 Winner in the banking category NASSCOM CNBCTV18 IT Innovation Award Best IT Driven Innovation in Banking (COMMERCIAL) The National Quality Excellence Awards Best Customer Service Result FE Best Bank Awards Best Bank: New Private sector Best in Strength & Soundness Mr. Aditya Puri: Best Banker Skoch Financial Inclusion Awards 2013 Organisation of the Year, HDFC Twins' Merger Deal Worth $40 Billion Gets The RBI's Nod, Stocks' Plunge Wipes Rs 2.3 Lakh Crore Off Top-10 Most Valued Firms, HDFC, Indian Overseas Bank Hike Lending Rates, ONGC's 2021-22 Net Profit Soars 258% To Rs 40, 306 Crore, Market Capitalisation Of 10 Most Valued Firms Falls Rs 2.85 Lakh Crore, More from News and
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 is headquartered in Mumbai. In the year 1994 Housing Development Finance Corporation Ltd was amongst the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector as part of the RBI's liberalization of the Indian Banking Industry. Also the distribution network was expanded with the number of branches increased from 467 Nos (in 211 cities) to 535 Nos (in 228 cities) and the number of ATMs from 1147 Nos to 1323 Nos.During the year 2006-07 the distribution network was expanded with the number of branches increased from 535 Nos (in 228 cities) to 684 Nos (in 316 cities) and the number of ATMs from 1323 Nos to 1605 Nos. The Bank's ATMs increased from 3295 Nos to 4232 Nos during the year.During the year 2010-11 the Bank expanded their distribution network from 1725 branches in 779 cities to 1986 branches in 996 Indian cities. On 20 July 2001 HDFC Bank's American depositary receipt (ADR) was listed on the New York Stock Exchange under the symbol HDB. Consequently HDFC Securities Ltd became a subsidiary of the Bank.During the year 2007-08 the Bank added 77 Nos new branches take the total to 761 Nos branches. In the year 1997 the launched retail investment advisory services. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. The branch offers the bank's suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Non-resident Indians.During the year 2009-10 the Bank expanded their distribution network from 1412 branches in 528 cities to 1725 branches in 779 cities. In the year 1999 the Bank launched online real-time NetBanking. Also they opened a dedicated branch for lending to SHGs in Thudiyalur village (Tamil Nadu). 1,22,000 crore and net advances of around Rs. Outlook Money & NDTV Profit Best Bank Award in the Private sector category. How many sick days do you get per year? Headquartered in Mumbai HDFC Bank is a new generation private sector bank providing a wide range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.HDFC Bank also has one overseas wholesale banking branch in Bahrain a branch in Hong Kong and two representative offices in UAE and Kenya. The share of semi-urban and rural outlets in the network is 52%.The number of ATMs and Cash Deposit & Withdrawal Machines also increased to 14901 from 13489.The total number of customers the bank catered to as on 31 March 2020 was over 5.60 crore up from 4.90 crore in the previous year.During the FY2020 the bank has won the following important awards:a. Asiamoney Best Bank Award 2020 for Best domestic bank.b. The bank was listed on the National Stock Exchange on 8 November 1995.In the year 1996 the Bank was appointed as the clearing bank by the NSCCL. Enjoy Reading! USD 3.02 billion of these flowed out and USD 355.67 million was outstanding for the year ended 31 March 2017.During the fiscal 2018the bank added 72 banking outlets and taking the total to 4787 across 2691 cities and towns. The Treasury business is responsible for managing the returns and market risk on this investment portfolio. Treasury Within this business, the bank has three main product areas Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. (Formerly Datamatics Financial Services Ltd) , Plot No A / 16 & A / 17
- view all, Deputy Manager - Hyderabad, Telangana - Apr 19, 2017, Banking and Financial Services careers include a variety of banking and money management services such as saving, investing and retirement plans. HDFCBANK
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As a major portion of these deposits were for a 3-year tenor they came up for redemption during September-November 2016. Announcements , Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation, Announcement under Regulation 30 (LODR)-Preferential Issue, Address: H D F C Bank House H D F C Bank House Lower Parel,-, Plot No A / 16 & A / 17,MIDC, Part B,Cross Lane, Marol , Andheri (E),Mumbai
During the year 2005-06 the Bank launched the 'no-frills account' a basic savings account offering to the customer. The HDFC Bank was incorporated on August 1994 by the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. UTI MF - CNBC TV18 Financial Advisor Awards 2018-19 for Best performing bank (private sector).Consequent to the outbreak of COVID-19 pandemic the Indian government had announced a lockdown in March 2020. Copyrights 2022 Business Standard Private Ltd. All rights reserved. This segment raises deposits from customers and makes loans and provides other services with the help of specialist product groups to such customers. HDB Financial Services Ltd became a subsidiary company with effect from August 31 2007. 500180
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This was the first merger of two new generation private banks in India. Also they made the alliance with LIC for providing online payment of insurance premium to the customers.During the year 2002-03 the Bank increased the number of branches from 171 Nos to 231 Nos and the size of the Bank's ATM network expanded from 479 Nos to 732 Nos. As per the scheme of amalgamation, shareholders of CBoP received 1 share of HDFC Bank for every 29 shares of CBoP. All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. 1/- each and consequential alteration in the relevant clauses relating to capital of the Memorandum of Association of the Bank.During the FY2019 the bank added 316 Banking Outlets and taking the total to 5103 spread across 2748 cities and towns. The wholesale banking segment provides loans non-fund facilities and transaction services to corporate public sector units government bodies financial institutions and medium-scale enterprises. CNBC-TV18 India Business Leader Awards (IBLA) 2019-20 for Outstanding company of the year.c. See more questions and answers about HDFC Bank. HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (VISA Electron) and issues the Mastercard Maestro debit card as well. This was the first merger of two private banks in the New Generation Private Sector Banks. The Bank's shares are listed on the Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. - view all, Relationship Manager - Thiruvananthapuram, Kerala - Apr 11, 2019, I have been working at HDFC Standard Life Insurance full-time - view all, Business Development Manager - Madhya Pradesh - Aug 2, 2017, Used to always sit in flexible hours - view all, Operations Associate - Mumbai, Maharashtra - Feb 23, 2013, Salary & compensation benefits are not reasonable. Retail Banking Services The objective of the Retail Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a onestop window for all his/her banking requirements. On May 23, 2008, the amalgamation of Centurion Bank of Punjab with HDFC Bank was formally approved by Reserve Bank of India to complete the statutory and regulatory approval process. In the year 2001 they started their Credit Card business.
The share of semi-urban and rural outlets in the total network is 53%. The retail banking segment serves retail customers through a branch network and other delivery channels. NSE Symbol:
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They also expanded their presence in the 'merchant acquiring' business.During the year 2003-04 the Bank expanded the distribution network with the number of branches increased from 231 Nos to 312 Nos and the size of the Bank's ATM network increased from 732 Nos to 910 Nos. Team Business Standard, Facebook's growth woes in India: too much nudity, not enough women, IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000, Adani Enterprises hits new high; m-cap inches towards Rs 3 trillion mark, Microsoft's Minecraft junks Blockchain-based NFTs on its platform, Key gas pipeline from Russia to Europe restarts after 10-day break, ADB slashes India growth forecast to 7.2% for FY23, sees higher inflation, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email).
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