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Home » Private Banks in India » HDFC Bank | |||||||||||||||||
HDFC Bank |
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The Housing Development Finance Corporation Limited (HDFC) 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 liberalisation of the Indian Banking Industry in 1994. |
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The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. HDFC Bank currently has an nationwide network of 2000 Branches and 5,471 ATM's in 996 Indian towns and cities. |
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As private banks in India, HDFC Bank have a major role when it comes to serving the Indian people with their savings since they made the banking services more efficient and customer friendly in that many Indians now are safe to keep their savings without any doubt and on top of that they have make other bank to be a competition. |
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