- CEO
- Sashidhar Jagdishan
- Full Time Employees
- 214,521
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- HDFC Bank House Mumbai India 400013
- IPO Date
- Jul 20, 2001
- Business
- HDFC Bank Limited (HDFC Bank) is India's largest private sector bank by assets and market capitalization, providing a comprehensive range of banking and financial services to retail, wholesale, and corporate customers. The bank offers retail banking products including savings and current accounts, fixed and recurring deposits, personal loans, auto loans, two-wheeler loans, home loans, loans against property, consumer durable loans, gold loans, loans against securities, and credit cards; wholesale banking solutions such as working capital facilities, term lending, project finance, supply chain financing, export finance, trade credits, cash management services, letters of credit, guarantees, forex and derivatives, custodial services, and correspondent banking; treasury operations; investment banking services encompassing debt and equity capital markets, mergers and acquisitions, IPOs, private equity, venture capital fund raises, and loan syndication; as well as digital platforms like PayZapp, SmartBUY, SmartWealth app, and PhonePe co-branded RuPay credit cards with UPI integration. HDFC Bank operates through over 8,700 branches and 20,000 ATMs across 3,800 cities and villages in India, with international presence via branches in Hong Kong, Bahrain, Dubai, Singapore, and an IFSC Banking Unit in GIFT City, Gujarat, alongside representative offices in Kenya, Abu Dhabi, London, and others, primarily serving NRIs and cross-border trade. Founded in 1994 and headquartered in Mumbai, the bank completed its merger with parent Housing Development Finance Corporation Limited in July 2023, significantly expanding its home loan portfolio, balance sheet, customer base to over 120 million, employee count to 173,000, and positioning it as India's second-largest bank by assets. Recent developments include the launch of User-Level Programmability on Digital Rupee in August 2024 via its Digital Rupee Wallet; RBI approvals in 2025 for HDFC Bank group entities to acquire up to 9.5% stakes in multiple banks such as Kotak Mahindra Bank, AU Small Finance Bank, Capital Small Finance Bank, ICICI Bank, Axis Bank, IndusInd Bank, YES Bank, Bandhan Bank, and Suryoday Small Finance Bank; investments by subsidiary HDFC Capital Advisors including partnerships with Runwal Enterprises for over ₹1,150 crore in Mumbai residential projects and additional ₹350 crore with Eldeco for projects generating ₹8,000 crore; seed funding to WalkAbout community platform in October 2025; and exits from investments like Adarsh Developers in 2024-2025 achieving gross IRRs of 20-21%. The bank maintains majority stakes in key subsidiaries including HDFC Life (50.37%), HDFC ERGO General Insurance (50.48%), HDFC Asset Management Company (52.55%), HDFC Securities (95.48%), and HDB Financial Services (94.84%).