|
|
|
|
| home » Top Financial Groups of the World » HDFC Bank Ltd |
|
HDFC Bank Ltd |
|
|
HDFC Bank Ltd. although incorporated in as late as 1994 stand tall with a nationwide network of 684 branches today and 1605 ATMs in 316 Indian towns and cities. The full name of HDFC Bank Ltd. is Housing Development Finance Corporation Limited. It was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994.
|
The mission of HDFC Bank Ltd. was to be a World-Class Indian Bank but it is, today, counted among the top financial groups of the world. Their objective is to build sound customer franchises across distinct business so as to be preferred as a provider of banking services. They business plan is to target the retail and wholesale customer segments and to achieve healthy growth in profitability, consistent with the bank’s appetite.
HDFC Bank Ltd. specializes in the provision of banking and other financial services to corporate and institutional clients. The services of the company include commercial, transactional and electronic banking products. Treasury services, retail banking and capital markets infrastructure are few of the other services provided by HDFC Bank Ltd. The company primarily operates in India. HDFC Bank Ltd. is headquartered in Mumbai, India and employs about 14,900 people. A whole range of commercial and transactional banking services provided by HDFC Bank Ltd. is targeted at wholesale and retail customers.
The three key business segments of HDFC Bank Ltd. are Wholesale Banking Services where the target market ranges from large, blue chip manufacturing companies in the Indian corporate to small and mid-sized corporates and agri-based businesses. The next segment of HDFC Bank Ltd. is Retail Banking Services where the objective is to provide its target market customers a full range of financial products and banking services, giving the customer a one-stop window for all his/her banking requirements. The final segment is Treasury. Liberalization of the financial markets in India has lead to the corporates needing more sophisticated risk management information, advice and product structures. These and fine pricing on various treasury products are provided through the bank's Treasury team in HDFC Bank Ltd.
Stay connected with top financial groups of the world to know more about business planning.
|
|
|
| |
|
|
|
|
|
