Estimated reading time: 3 minutes
HDFC Bank’s journey began in 1994 when it was established as a subsidiary of the Housing Development Finance Corporation. Its registered office is situated in Mumbai, Maharashtra, India. The bank’s inaugural corporate office and a full-service branch at Sandoz House in Worli were officially inaugurated by the then Union Finance Minister, Manmohan Singh.
Fast forward to June 1, 2023, and the bank boasts an extensive distribution network featuring 8,344 branches and 19,727 ATMs spanning 3,811 cities. Furthermore, it has deployed an impressive 4,30,000 Point of Sale (POS) terminals and has issued 23.5 million debit cards and 12 million credit cards during the fiscal year 2017. In terms of its workforce, HDFC Bank comprises 177,000 permanent employees as of June 1, 2023.
While HDFC Bank’s eminence is widely recognized, there exist some intriguing lesser-known facts that reflect its commitment to pioneering innovation and service excellence:
1. Pioneering Lifetime Free Credit Cards: HDFC Bank made financial history in India by being the first to offer credit cards with a lifetime free membership, setting a precedent for the entire banking industry.
2. Spearheading Mobile Banking: With an unwavering focus on digital transformation, HDFC Bank became the first Indian bank to launch a mobile banking app, revolutionizing the way customers interact with their finances.
3. A Global Recognition: HDFC Bank made waves globally by being the inaugural Indian bank to secure a listing on the New York Stock Exchange (NYSE), earning international acclaim.
4. Extensive ATM Network: HDFC Bank’s extensive network of ATMs spans the length and breadth of India, ensuring unparalleled accessibility for its customers.
5. The Epitome of Profitability: As the most profitable bank in India, HDFC Bank exemplifies financial stability and success.
6. NPA Prowess: Among all banks in India, HDFC Bank maintains one of the lowest Non-Performing Asset (NPA) ratios, testifying to its exceptional asset quality management.
7. Symbolism in the Logo: The bank’s distinctive logo is inspired by the Indian national flag, underscoring its deep-rooted connection to the nation.
8. Siemens – The First Corporate Borrower: Siemens holds the distinction of being HDFC Bank’s first corporate borrower, marking the beginning of its corporate lending journey.
9. Individual Borrower Chronicles: D.B. Remedios of Thane etches his name in history as HDFC Bank’s inaugural individual borrower, securing a loan of 35,000 rupees to construct a home.
These lesser-known facets unveil the multifaceted achievements and contributions of HDFC Bank, reinforcing its status as a vanguard in the Indian banking sector. As it continues to drive innovation and uphold its commitment to customer satisfaction, HDFC Bank remains at the forefront of India’s financial landscape.
Latest Stories
.jpg "Manipur CM N. Biren Singh Condemns Attack on CRPF Personnel, Vows Justice 1")
Chief Minister of Manipur, N. Biren Singh, has strongly condemned the cowardly assault on Indian security forces in the Naransena area of Bishnupur district, which led to the tragic loss of two CRPF…
Click here to Read more
Reliance Entertainment proudly presents the much-awaited trailer of 'Pyar Ke Do Naam.' Scheduled for release in cinemas on May 3rd, 2024, this romantic drama is set to captivate audiences with its heartfelt narrative.…
Click here to Read more
Assam Chief Minister Himanta Biswa Sarma lauds the BJP's outstanding performance in the second phase of elections, citing excellent turnout and significant leads in the party's strongholds. "My feedback from yesterday - excellent…
Click here to Read more
In just two years of marriage, Alia Bhatt has undergone a remarkable transformation. Once known for her candid and sometimes clumsy demeanor during media interactions, she now exudes poise and grace, effortlessly balancing…
Click here to Read more
Arunachal Pradesh Chief Minister Pema Khandu expressed admiration for the citizens of the state, acknowledging their remarkable dedication to democratic principles during the recently concluded Assembly and Lok Sabha elections. "I bow to…
Click here to Read more
Adhyayan Suman's star is on the rise, and the anticipation for his upcoming release, "Heeramandi," is palpable. In a recent post, he shared a touching moment with Sanjay Leela Bhansali and his father,…
Click here to Read more
In a statement, CM Khandu described Justice Retired PK Sakia as a versatile personality whose contributions to society will be deeply cherished and remembered. He extended heartfelt condolences to Sakia's family and loved…
Click here to Read more
In a heart-wrenching incident in Long Beach, California, a dog's loyalty and devotion were put to the test as he attempted to chase after his owner's car, only to be left behind on…
Click here to Read more
Akshay Kumar's knack for comedy has delighted audiences for years, with memorable films like "Hera Pheri," "Bhool Bhulaiyaa," and "Welcome" etching his place in the genre's hall of fame. After a stint in…
Click here to Read more
Richa Chadha is set to grace the screens soon in the upcoming drama series "Heeramandi." In a recent revelation, she shared insights into her character, drawing inspiration from Meena Kumari in "Pakeezah." Amidst…
Click here to Read more
The National Center for Seismology (NCS) has confirmed the occurrence of an earthquake in the region of Kishtwar, Jammu and Kashmir. The earthquake, measuring 3.2 on the Richter scale, struck at 23:06:42 IST…
Click here to Read more.jpg "Peaceful Phase 2 Polling: 60.96% Voter Turnout Across 13 States/UTs in General Elections 2024 12")
General Elections 2024: The second phase of General Elections 2024 commenced at 7 AM Yesterday across 88 Parliamentary Constituencies (PCs), drawing a spirited response from voters across 13 States/UTs. As of 7 PM,…
Click here to Read more
Man Shoot: In a dramatic turn of events, an altercation in Indiana escalated to an attempted murder charge after a man allegedly tried to run over another individual with his car. Dustin L.…
Click here to Read more
Priyanka Chopra, renowned actress and doting mother to her daughter Malti Marie, recently found herself juggling the demands of both motherhood and her passion for acting. Although she cherishes every moment with her…
Click here to Read more
Prime Minister Narendra Modi has conveyed his appreciation for the remarkable turnout and support witnessed during Phase Two of the elections. In a statement, he expressed gratitude to the citizens of India who…
Click here to Read more
As we approach the end of April 2024, it's crucial to stay updated on the intricate dance of weather systems that affect different parts of the Indian subcontinent. From Western Disturbances to cyclonic…
Click here to Read more
Every year on the last Saturday of April, the global community comes together to celebrate World Veterinary Day, honoring the dedication and expertise of veterinarians worldwide. This day serves as a reminder of…
Click here to Read more
Aries (March 21 - April 19) Aries individuals, on April 27th, 2024, are poised to embrace new beginnings and assertive action. With the Moon in your sign, you feel a surge of energy…
Click here to Read more
Imtiaz Ali's latest directorial venture, "Amar Singh Chamkila," is capturing hearts with its melodious soundtrack and stellar performances by Parineeti Chopra and Diljit Dosanjh. Rajiv Adatia, impressed by the movie, shared a video…
Click here to Read more
In the Banka district, during the second phase of voting on April 26, 2024, a heartening display of enthusiasm was witnessed among elderly and Persons with Disabilities (PwD) voters. As voting unfolds across…
Click here to Read more
Amit Shah, the stalwart BJP leader, voiced optimism about the party's electoral prospects in Madhya Pradesh, citing the overwhelming support witnessed in Guna and Rajgarh. Addressing the fervent crowd in Guna, Amit Shah…
Click here to Read more.jpg "Vice President Jagdeep Dhankhar Visits Venkateswara Swamy Temple 22")
Vice-President of India, Jagdeep Dhankhar, was blessed with the opportunity to visit the sacred Sri Venkateswara Swamy Temple nestled in the tranquil surroundings of the Sheshachalam hills in Tirumala, Tirupati. Reflecting on his…
Click here to Read more
Nayanthara, the trendsetter in fashion, has declared ebony as the reigning shade of the colour palette. Her impeccable style sense was on display at the recent GQ Power List 2024 Awards in Mumbai.…
Click here to Read more
The National Center for Seismology has released information regarding an earthquake measuring 4.3 magnitude in the Bonin Islands, Japan Region. The seismic event occurred at 03:15:17 IST on April 26, 2024, with a…
Click here to Read more
Orhan Awatramani, known as Orry, has become a social media sensation for his close friendships with celebrity kids like Nysa Devgan, Suhana Khan, Janhvi Kapoor, Sara Ali Khan, and Ananya Panday. Often seen…
Click here to Read moreAs the second phase of voting unfolds on April 26, 2024, Purnia emerges as a beacon of enthusiastic participation, particularly among women voters. With Lok Sabha constituencies including Kishanganj, Katihar, Purnia, Bhagalpur, and…
Click here to Read more
Shivangi Joshi, one of TV's most popular actresses, is currently enjoying her downtime with a flurry of activities. Having garnered attention from the hit TV show "Yeh Rishta Kya Kehlata Hai," Shivangi recently…
Click here to Read more
The India Meteorological Department (IMD) has issued weather forecasts for various regions, highlighting potential meteorological activity in the coming days. According to IMD, isolated hailstorms are very likely over Punjab and Haryana on…
Click here to Read more
Renowned filmmaker Karan Johar is set to receive a prestigious accolade at the upcoming third annual Gold House Gala, scheduled for May 11, 2024, at the Music Centre in downtown Los Angeles. This…
Click here to Read more
The Central Board of Direct Taxes (CBDT) has once again come to the aid of taxpayers, providing relief to trusts, institutions, and funds by extending the due date for filing Form 10A/Form 10AB…
Click here to Read more
The India Meteorological Department (IMD) has issued a weather forecast indicating potential meteorological activity across northern regions of India and neighboring territories. According to IMD, isolated heavy rainfall is expected over Jammu-Kashmir-Ladakh-Gilgit-Baltistan-Muzaffarabad during…
Click here to Read more
The beloved character Chhota Bheem and his gang are back on the big screen with their latest adventure. The team behind "Chhota Bheem And The Curse Of Damyaan" is gearing up for a…
Click here to Read more
Bollywood actress Neha Sharma, daughter of political leader Ajeet Sharma, was seen at a polling booth in Bhagalpur, accompanied by her parents. She proudly displayed her inked finger and encouraged others to vote.…
Click here to Read more
As the Lok Sabha Election 2024 unfolds across the nation, the second phase marks a pivotal moment in the democratic process. By 1 PM, the total voting percentage across 8 constituencies stands at…
Click here to Read more
Shaitaan's Success Story: Directed by Vikas Bahl, "Shaitaan" starring Ajay Devgn, R Madhavan, Jyothika, and Janki Bodiwala marks 50 successful days in cinemas. Produced by Ajay Devgn, Jyoti Deshpande, Kumar Mangat Pathak, and…
Click here to Read more
The South Yorkshire Police have launched an investigation following reports of a distressing video circulating online. The footage purportedly shows a man biting a young boy's ear in a bizarre and disturbing incident…
Click here to Read more
A Milestone Anniversary: Eleven years ago, on this day, Bollywood witnessed the release of "Aashiqui 2," a film that captivated audiences with its enchanting tale of love and music. Today, the film celebrates…
Click here to Read more
Mastering Sleep Hygiene: Sleep is not merely a state of unconsciousness; it is a vital process that rejuvenates the body, sharpens the mind, and sustains overall well-being. Yet, in today's fast-paced world, many…
Click here to Read more
Renowned entrepreneur and visionary Elon Musk have once again sparked contemplation with his thought-provoking insights, this time challenging the age-old concept of "might makes right." In a recent statement, Musk highlighted the inherent…
Click here to Read more
Arti Singh and Dipak Chauhan Tie the Knot: TV Actress Arti Singh and Dipak Chauhan exchanged vows on Thursday, surrounded by loved ones. The highlight of the evening was the arrival of Arti's…
Click here to Read more
India's transportation infrastructure has witnessed a remarkable transformation in recent years, with an incredible expansion of the national highway network. Since 2014, the country has added a staggering 54,858 kilometers of national highways,…
Click here to Read more
Salman's Red Carpet Moment: Salman Khan graced the premiere of brother-in-law Aayush Sharma's latest film, "Ruslaan," in Mumbai. Dressed casually in a red shirt and blue jeans, Salman's affectionate interaction with niece Ayat…
Click here to Read more
