Company:HDFC Bank

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Short description: Indian financial services company

HDFC Bank Limited
TypePublic
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=INE040A01034 INE040A01034]
IndustryFinancial services
FoundedAugust 1994 (29 years ago) (August 1994) (via the merger between HDFC-HDFC bank)
Headquarters
Mumbai , Maharashtra
,
India
Area served
India
Key people
  • Atanu Chakraborty
    (Chairman)[1]
  • Sashidhar Jagdishan
    (CEO)
Products
RevenueIncrease ₹2.05 lakh crore (US$29 billion)[3] (2023)
Increase ₹615 billion (US$8.6 billion)[3] (2023)
Increase ₹459.97 billion (US$6.4 billion)[3] (2023)
Total assetsIncrease ₹25.3 lakh crore (US$350 billion)[4] (2023)
Total equityIncrease ₹2.85 lakh crore (US$40 billion)[4] (2023)
Number of employees
177,000 (1 July 2023)[5]
SubsidiariesHDFC Life
HDFC ERGO
HDFC Securities[6]
HDFC Asset Management Company
HDFC Mutual Fund
HDB Financial Services[7]
HDFC Credila Financial Services
Website{{{1}}}
Footnotes / references
[8][9][10][11]

HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai . It is India's largest private sector bank by assets and the world's fifth-largest bank by market capitalization as of August 2023, following its takeover of parent company HDFC.[12][13][14] The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.[15][16]

The bank was incorporated in August 1994 after its erstwhile parent HDFC received an 'in principle' approval from the RBI to set up a bank in the private sector, as part of its liberalization of the Indian banking industry,[17][18] and commenced operations in January 1995. With a market capitalization of $140 billion (as of January 2024), HDFC Bank is the third-largest company on Indian stock exchanges.[19] It is also the sixteenth largest employer in India with nearly 1.73[20] lakh employees.[21]

History

HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India . Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.

(As of June 2023), the bank's distribution network was at 8,344 branches and 19,727 ATMs across 3,811 cities. It has installed 430,000 POS terminals and issued 23.5 million (23.5 million) debit cards and 12 million (12 million) credit cards in FY 2017.[22] It has a base of 1,77,000 permanent employees as of 1 June 2023.[23]

Products and services

HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. Along with this various digital products are Payzapp and SmartBUY.[24]

Mergers and acquisitions

HDFC Bank merged with Times Bank in February 2000. This was the first merger of two private banks in the New Generation private sector banks category.[25] Times Bank was established by Bennett, Coleman and Co. Ltd., commonly known as The Times Group, India's largest media conglomerate.[26]

In 2008, Centurion Bank of Punjab (CBoP) was acquired by HDFC Bank. HDFC Bank's board approved the acquisition of CBoP for ₹95.10 billion in one of the largest mergers in the financial sector in India.[27]

In 2021, the bank acquired a 9.99% stake in FERBINE, an entity promoted by Tata Group, to operate a pan-India umbrella entity for retail payment systems, similar to the National Payments Corporation of India.[28]

In September 2021, the bank partnered with Paytm to launch a range of credit cards powered by Visa.[29]

On 4 April 2022, HDFC Bank announced a merger with the Housing Development Finance Corporation.[30] Upon the completion of the merger, HDFC became the fourth-largest bank in the world by market capitalization.[31] The effective date of the merger was set to be 1 July 2023. After the merger takes place, HDFC, a housing financing corporation, will transfer its home loan portfolio to HDFC Bank. Also, the bank is giving home financing company depositors the choice of either withdrawing their money or renewing their deposits with the private sector bank at the interest rate that the bank is currently offering.[32]

Investments

In March 2020, Housing Development Finance Corporation, parent company of HDFC Bank, made an investment of ₹10 billion in Yes Bank.[33] As per the scheme of reconstruction of Yes Bank, 75% of the total investment by the corporation would be locked in for three years. On 14 March, Yes Bank allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share (including ₹8 premium) to the corporation, aggregating to 7.97 percent of the post-issue equity share capital of Yes Bank.[34]

Listings and shareholding

The equity shares of HDFC Bank are listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its American depositary receipts are listed on the NYSE issued through JP Morgan Chase Bank.[35]

Its global depository receipts (GDRs) were listed on the Luxembourg Stock Exchange but were terminated by the board of directors following its low trading volume.[36]

As per their shareholding pattern, the top shareholders are[37]

Shareholders ((As of September 2023))[38] Shareholding
1. Promoter group (HDFC) 0% (After the merger)
2. Foreign institutional investor (FII) 52.13%
3. Individual shareholders 13.66%
4. Domestic Institutional Investors
Mutual Funds
Insurance companies (Including LIC)
30.6%
19.71%
8.74%
5. NPS (HDFC Pension Management Scheme E) 1.50
6. Central/State government 0.001%

Parivartan: Corporate social responsibility

Parivartan is an umbrella term for all of the corporate social responsibility initiatives by HDFC Bank.

HDFC Bank's Parivartan initiative spent ₹535 crore in FY 2019–20.[39]

HDFC Bank spent ₹6349.1 million towards Parivartan, in FY 2020-21. Out of ₹6349 million, over ₹1.10 billion was allocated and used towards initiatives focused on COVID-19 relief.[40]

HDFC Bank has pledged to become carbon neutral by 2032.[40]

Controversies

On 2 December 2020, the Reserve Bank of India (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program citing incidents of outages in the bank's internet banking, mobile banking and payment utility services.[41][42]

On 29 January 2020, RBI imposed a monetary penalty on HDFC Bank for failure to undertake on-going due diligence in case of 39 current accounts opened for bidding in the initial public offer.[43]

A HDFC bank manager was arrested on charges of fraud, involving a sum of ₹5941,000, in Odisha.[44]

Altico Capital and Dubai's Mashreq Bank have approached RBI, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule.[45]

On 27 May 2021, RBI imposed a penalty of ₹100 million on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio. The said penalty was imposed in regards to the contraventions of certain provisions of the Banking Regulation Act, 1949.[46]

In March 2023, HDB Financial Services suffered a breach exposing the data of more than 70 million customers, including email addresses, names, dates of birth, phone numbers, genders, post codes and loan information belonging to the customers.[47]

Awards and recognition

2016

  • Best Banking Performer, India in 2016 by Global Brands Magazine Award.[48]
  • Best Performing Branch in Microfinance among private sector banks by NABARD, 2016, Award for Best Performance in Microfinance[49]
  • KPMG study of India's Best Banks, Bank of the year & best digital banking initiative award 2016[50]
  • BrandZ Rankings, Most Valued brand in India for third successive year[51]
  • FinanceAsia poll on Asia's Best Companies 2015, Best managed public company – India[52]
  • J. P. Morgan Quality Recognition Award, Best in class straight-through processing rates[53]

2018

  • Company of the year: The Economic Times Corporate Excellence Awards[citation needed]
  • Best Performing Private Bank in Total Aadhaar Generation & Update: [[Biology:Aadhaar|Aadhaar Excellence Awards[citation needed]]]
  • NPCI - National Payments Excellence Awards[citation needed]

2019

  • Best Bank: New Private Sector – FE Best Bank awards[54]
  • Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive Finance India Awards (IFI) 2019[55]
  • Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was featured for the 6th consecutive year.[56]
  • Among The Most Honored Company List, Institutional Investor All-Asia (ex-Japan) Executive Team 2019 survey[57]
  • India's Best Bank, Euromoney Awards for Excellence 2019[58]
  • Bank of the Year and Best Large Bank, Business Today – Money Today Financial Awards 2019[59]
  • Best Bank in India 2019, by Global magazine FinanceAsia.[60]
  • Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands[61] HDFC Bank was featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive year. The Bank's brand value has gone up from $20.87 billion in 2018 to $22.70 billion in 2019.[citation needed]
  • Best Large Bank & Fastest Growing Large Bank in 2019, by Business World Magna Awards[62]
  • India's leading private sector bank: Dun & Bradstreet BFSI Awards[citation needed]

2020

  • Best Bank in India: Euromoney Awards[63]
  • Best Bank in India: FinanceAsia Country Awards[citation needed]

2021

  • Best bank in india: FinanceAsia Country Awards[citation needed]
  • Best bank for SMEs: Asiamoney best bank awards[citation needed]
  • Best bank in india:The Euromoney Awards for Excellence[citation needed]
  • Ranks No. 1 in Mass Affluent category:Euromoney Private Banking and Wealth Management Survey[64]
  • On 12 January 2022 HDFC BANK has been adjudged ' Best Private Bank in India' at the Global Private Banking Awards 2021, Organised by Professional Wealth Management (PWM)

2022

  • Best Bank In India: Euromoney Awards for Excellence 2022[65]

Gallery

HDFC Bank branches and ATMs

  • HDFC Bank Banjara Hills Branch in Hyderabad, Telangana

  • HDFC Bank Temple Road Branch in Mysore, Karnataka

  • HDFC Bank Loves Square Branch, Pune, Maharashtra

  • HDFC Bank ATM in Quepem, Goa

more images can be found on wiki commons.

See also

  • HDFC Life
  • Aditya Puri
  • Banking in India
  • List of banks in India
  • List of companies of India

References

  1. ↑ "RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank". thehindu.com. https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece. 
  2. ↑ "Balance Sheet of HDFC Bank". moneycontrol. http://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01. 
  3. ↑ 3.0 3.1 3.2 "HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts". https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Signed-Results-March-2023.pdf. 
  4. ↑ 4.0 4.1 "HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts". https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Signed-Results-March-2023.pdf. 
  5. ↑ "HDFC-HDFC Bank Merger". NDTV. https://www.ndtv.com/india-news/hdfc-bank-merger-live-hdfc-to-be-among-worlds-most-valuable-banks-after-todays-merger-10-points-4168174. 
  6. ↑ Securities, HDFC. "About Us". https://www.hdfcsec.com/article/about-us-1647. 
  7. ↑ "How HDB Financial Services Can Add To HDFC Bank's Long Rally". Moneycontrol. https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html. 
  8. ↑ "Stocks". Bloomberg L.P.. https://www.bloomberg.com/markets/stocks. 
  9. ↑ "Sashidhar Jagdishan to be the new CEO of HDFC Bank". 4 August 2020. https://www.moneycontrol.com/news/business/markets/sashidhar-jagdishan-to-be-the-new-ceo-of-hdfc-bank-report-5642411.html. 
  10. ↑ "Sashidhar Jagdishan appointed MD & CEO of HDFC Bank; He will take charge on October 27". 17 October 2020. https://www.thehansindia.com//business/sashidhar-jagdishan-appointed-md-ceo-of-hdfc-bank-he-will-take-charge-on-october-27-651672. 
  11. ↑ "Composition of Board of Directors of HDFC Bank". https://www.hdfcbank.com/personal/about-us/corporate-governance/composition-of-the-board. 
  12. ↑ "HDFC Bank most valuable brand in India: WPP study". 10 September 2015. http://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html. 
  13. ↑ "HDFC Ltd. to merge into HDFC Bank effective July 1, 2023". HDFC Bank. 30 June 2023. https://www.hdfcbank.com/personal/about-us/news-room/press-release/2023/q2/hdfc-ltd-to-merge-into-hdfc-bank-effective-july-1-2023. 
  14. ↑ Patil, Divya; Singh, Preeti (30 June 2023). "Bank Giant Bigger Than Morgan Stanley Arises From India Merger". Bloomberg News. https://www.bloomberg.com/news/articles/2023-06-30/india-s-hdfc-vaults-into-ranks-of-world-s-most-valuable-banks. 
  15. ↑ "RBI releases 2022 list of Domestic Systemically Important Banks (D-SIBs)". RBI. 2 January 2023. https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54979. "State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs." 
  16. ↑ "RBI releases Domestic Systemically Important Banks (D-SIBs) of 2022". Livemint (New Delhi). 2 January 2023. https://www.livemint.com/news/india/rbi-releases-domestic-systemically-important-banks-d-sibs-of-2021-list-here-11672660568619.html. 
  17. ↑ "About HDFC Bank". HDFC Bank. https://www.hdfcbank.com/personal/about-us/overview/who-we-are. 
  18. ↑ "HDFC Bank Ltd". CARE Ratings. 2 May 2023. https://www.careratings.com/upload/CompanyFiles/PR/202305140546_HDFC_Bank_Ltd.pdf. "The Housing Development Finance Corporation Limited (HDFC) was among the first institutions to receive an 'in principle' approval from 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 bank was incorporated in August 1994 in the name of 'HDFC Bank Limited' (HBL), with its registered office in Mumbai, India." 
  19. ↑ "Largest bank by Market capitalization". http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html. 
  20. ↑ "Financial Results (Indian GAAP) for the Quarter and Year Ended March 31, 2023". HDFC Bank. 31 March 2023. p. 4. https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Press-Release-March-2023.pdf. 
  21. ↑ "HDFC Bank: Number of Employees 2006-2021 | HDB". https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees. 
  22. ↑ "HDFC Bank 2017". https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf. 
  23. ↑ "HDFC Bank". http://www.hdfcbank.com/. 
  24. ↑ "HDFC Bank – About Banking Services, Loans Scheme, Award, Contact Address, and more". http://business.mapsofindia.com/banks-in-india/hdfc/. 
  25. ↑ "HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank". http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports. 
  26. ↑ Bandyopadhyay, Tamal (19 November 2012). "A Bank for the Buck". Livemint. https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html. 
  27. ↑ "HDFC Bank to acquire Centurion Bank of Punjab". http://www.banknetindia.com/banking/80142.htm. 
  28. ↑ "Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine". 26 February 2021. https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html. 
  29. ↑ "HDFC Bank partners with Paytm to launch co-branded credit cards" (in en). mint. 20 September 2021. https://www.livemint.com/companies/news/hdfc-bank-partners-with-paytm-to-launch-co-branded-credit-cards-11632119508688.html. 
  30. ↑ "HDFC HDFC Bank Merger: HDFC to merge with HDFC Bank in India's biggest-ever M&A | India Business News - Times of India". 5 April 2022. https://timesofindia.indiatimes.com/business/india-business/hdfc-to-merge-with-hdfc-bank-in-indias-biggest-ever-ma/articleshow/90651390.cms. 
  31. ↑ Singh, Preeti; Patil, Divya (30 June 2023). "Bank Giant Bigger Than Morgan Stanley Arises From India Merger" (in en). Bloomberg.com. https://www.bloomberg.com/news/articles/2023-06-30/india-s-hdfc-vaults-into-ranks-of-world-s-most-valuable-banks?fromMostRead=true&sref=CIpmV6x8. 
  32. ↑ Kulkarni, Sneha (3 July 2023). "What is the HDFC Bank-HDFC merger date". The Economic Times. ISSN 0013-0389. https://economictimes.indiatimes.com/wealth/save/what-is-the-hdfc-bank-hdfc-merger-date/articleshow/101414476.cms. 
  33. ↑ "HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,00,000 crore" (in en). 16 March 2020. https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html. 
  34. ↑ "HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion". The Economic Times. https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms. 
  35. ↑ "HDFC bank: Information about American Depository Receipt". https://www.hdfcbank.com/personal/about-us/investor-relations/adr. 
  36. ↑ "HDFC Bank terminates, de-lists GDRs from Luxembourg Stock Exchange". The hindu Business line (New delhi). 16 July 2019. https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece. 
  37. ↑ "Shareholding Pattern - HDFC Bank". https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Other%20stakeholders%27%20Information/2023/oct/sept.pdf. 
  38. ↑ "Shareholding pattern". https://www.hdfcbank.com/personal/about-us/stakeholders-information/shareholding-ownership. 
  39. ↑ "Corporate Social Responsibility (CSR): HDFC Bank spends Rs. 535 Cr on community development in FY 2019–20". 26 July 2020. https://indiacsr.in/corporate-social-responsibility-csr-hdfc-bank-spends-rs-535-cr-on-community-development-in-fy-2019-20/. 
  40. ↑ 40.0 40.1 "HDFC Bank Spends Rs. 634.91 Cr Towards CSR in FY 2020-2021". Businesswire: A Berkshire Hathaway company. https://www.businesswire.com/news/home/20210708005454/en/HDFC-Bank-Spends-Rs.-634.91-Cr-Towards-CSR-in-FY-2020-2021. 
  41. ↑ "RBI asks HDFC Bank to halt issue of new credit cards, planned activities under Digital 2.0" (in en). 3 December 2020. https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html. 
  42. ↑ "Explained: Why RBI has asked HDFC Bank to stop digital launches, new credit card sourcing" (in en). 8 December 2020. https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/. 
  43. ↑ "RBI imposes penalty on HDFC bank". https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49273. 
  44. ↑ "A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha". https://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html. 
  45. ↑ Das, Saikat. "Altico and Mashreq approach RBI against HDFC Bank". https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms. 
  46. ↑ "Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank". The indian express. https://indianexpress.com/article/business/reserve-bank-imposes-rs-10-crore-penalty-on-hdfc-bank-7335173/. 
  47. ↑ "HDB Financial Services flags data breach at service provider". The Economic Times. 7 March 2023. ISSN 0013-0389. https://economictimes.indiatimes.com/industry/banking/finance/banking/hdb-financial-services-flags-data-breach-at-service-provider/articleshow/98483482.cms. 
  48. ↑ "AWARD WINNERS 2016". 13 February 2016. https://globalbrandsmagazine.com/award-winners-2016/. 
  49. ↑ "HDFC Bank wins microfinance award from NABARD in Goa" (in en-US). 22 January 2016. http://timesofindia.indiatimes.com/business/india-business/HDFC-Bank-wins-microfinance-award-from-NABARD-in-Goa/articleshow/50689010.cms. 
  50. ↑ "Bank of the Year/ Digital Bank: HDFC BANK". http://www.businesstoday.in/best-banks/2015/. 
  51. ↑ "livemint". 22 September 2016. http://www.livemint.com/Companies/eI61qLHbac71dNwx9J8NLM/HDFC-Bank-is-still-Indias-most-valuable-brand-Brandz-ranki.html. 
  52. ↑ "Asia's best managed companies, part 3". 20 March 2015. http://www.financeasia.com/News/395561,asias-best-managed-companies-part-3.aspx. 
  53. ↑ "Top 10 Banks in India 2015". http://www.mbaskool.com/fun-corner/top-brand-lists/13474-top-10-banks-in-india-2015.html?start=4. 
  54. ↑ "Mr. Kaizad Bharucha, Executive Director, HDFC Bank accepted the Best Private Sector Bank award on behalf of the bank from Mr. Narayanan Vaghul, former chairman, ICICI Bank at a glittering ceremony organized in Mumbai on January 10th.". 10 January 2019. https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/7a11082e-9cf6-4c4f-9de3-7e9ff409ba76. 
  55. ↑ "HDFC Bank has been adjudged winner in the 'Innovation and Inclusiveness in Priority Sector Lending' category at the 11th Inclusive Finance India Awards (IFI) 2019". https://www.hdfcbank.com/content/api/contentstream-id/723fb80a-2dde-42a3-9793-7ae1be57c87f/97fcd69c-ffa7-4bac-ab8f-d123ad88d8aa. 
  56. ↑ "HDFC Bank retains ranking as India's valuable brand". 27 September 2019. https://www.thehindubusinessline.com/money-and-banking/hdfc-bank-retains-ranking-as-indias-valuable-brand/article29533162.ece. 
  57. ↑ "HDFC Bank Awards - Consistently Awarded among India's Best Bank". https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Institutional-Investor-August-2019.pdf. 
  58. ↑ "HDFC Bank Awards - Consistently Awarded among India's Best Bank". https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Indias-Best-Bank-June-11-2019.pdf. 
  59. ↑ "Business Today – Money Today Financial Awards 2019". https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Business-Today-Best-Bank-Awards-March-2019.pdf. 
  60. ↑ "HDFC Bank bags the 'Best Bank in India' title by FinanceAsia magazine – expect this big measures in 2019 from the lender" (in en). 28 June 2019. https://www.zeebiz.com/companies/news-hdfc-bank-bags-the-best-bank-in-india-title-by-financeasia-magazine-expect-this-big-measures-in-2019-from-the-lender-103730. 
  61. ↑ "Millward Brown – Top Global Brands 2019". hdfcbank.com. http://www.millwardbrown.com/brandz/rankings-and-reports/top-global-brands/2019. 
  62. ↑ "Business world Magna Awards". https://www.hdfcbank.com/htdocs/aboutus/awards/pdf/Businessworld_Best_Bank_Awards_May_15_2019.pdf. 
  63. ↑ "Press Release". HDFC Bank. https://www.hdfcbank.com/personal/about-us/news-room/press-release. 
  64. ↑ "HDFC Bank awards". https://www.hdfcbank.com/personal/about-us/overview/awards. 
  65. ↑ "Awards for Excellence 2022: Best Bank In India-HDFC Bank" (in en). 27 July 2022. https://www.euromoney.com/article/2aev53qjd491c90ht5340/awards/awards-for-excellence/awards-for-excellence-2022-best-bank-in-india-hdfc-bank. 

Further reading

  • Bandyopadhyay, Tamal (2013). A Bank for the Buck. Jaico Publishing House. p. 344. ISBN 978-81-8495-396-1. 
  • Bandyopadhyay, Tamal (2019). HDFC Bank 2.0: From Dawn to Digital. Jaico Publishing House. ISBN 978-93-88423-35-9. 

External links



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