About
HDFC Bank Ltd
HDFC Bank Limited is a publicly held banking company engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. Headquartered in Mumbai, HDFC Bank is a new generation private sector bank providing a wide range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. The Bank has 4 overseas wholesale banking branch in Bahrain, a branch in Hong Kong and 2 representative offices in UAE and Kenya. The Bank has two subsidiary companies, HDFC Securities Limited (HSL) and HDB Financial Services Limited (HDBFSL).
The Bank's ATM network can be accessed by all domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders. The Bank's shares are listed on the Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. The Bank's American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) and the Bank's Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange.
HDFC Bank Ltd Was incorporated on August 30, 1994 by Housing Development Finance Corporation Ltd. In the year 1994, Housing Development Finance Corporation Ltd was amongst the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Ramon House, Churchgate branch was inaugurated on 16 January 1995 as the first branch of the bank. In March 1995, HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription. HDFC Bank was listed on the Bombay Stock Exchange on 19 May 1995. The bank was listed on the National Stock Exchange on 8 November 1995.
In the year 1996, the Bank was appointed as the clearing bank by the NSCCL. In the year 1997, the launched retail investment advisory services. In the year 1998, they launched their first retail lending product, Loans against Shares. In the year 1999, the Bank launched online, real-time NetBanking.
In February 2000, Times Bank Ltd, owned by Bennett, Coleman & Co. / Times Group amalgamated with the Bank Ltd. This was the first merger of two new generation private banks in India. The Bank was the first Bank to launch an International Debit Card in association with VISA (Visa Electron). In the year 2001, they started their Credit Card business. Also, they became the first private sector bank to be authorized by the Central Board of Direct Taxes (CBDT) as well as the RBI to accept direct taxes.
During the year, the Bank made a strategic tie-up with a Bangalore-based business solutions software developer, Tally Solutions Pvt Ltd for developing and offering products and services facilitating on-line accounting and banking services to SMEs.
On 20 July 2001, HDFC Bank's American depositary receipt (ADR) was listed on the New York Stock Exchange under the symbol HDB. Also, they made the alliance with LIC for providing online payment of insurance premium to the customers.
During the year 2002-03, the Bank increased the number of branches from 171 Nos to 231 Nos and the size of the Bank's ATM network expanded from 479 Nos to 732 Nos. They also expanded their presence in the 'merchant acquiring' business.
During the year 2003-04, the Bank expanded the distribution network with the number of branches increased from 231 Nos to 312 Nos and the size of the Bank's ATM network increased from 732 Nos to 910 Nos. In September 2003, they entered the housing loan business through an arrangement with HDFC Ltd, whereby they sell HDFC Home Loan product.
During the year 2004-05, the Bank expanded the distribution network with the number of branches increased from 312 Nos to 467 Nos and the size of the Bank's ATM network increased from 910 Nos to 1147 Nos. During the year 2005-06, the Bank launched the 'no-frills account', a basic savings account offering to the customer. Also, the distribution network was expanded with the number of branches increased from 467 Nos (in 211 cities) to 535 Nos (in 228 cities) and the number of ATMs from 1147 Nos to 1323 Nos.
During the year 2006-07, the distribution network was expanded with the number of branches increased from 535 Nos (in 228 cities) to 684 Nos (in 316 cities) and the number of ATMs from 1323 Nos to 1605 Nos. They commenced direct lending to Self Help Groups. Also, they opened a dedicated branch for lending to SHGs, in Thudiyalur village (Tamil Nadu). In September 28, 2005, the Bank increased their stake in HDFC Securities Ltd from 29.5% to 55%. Consequently, HDFC Securities Ltd became a subsidiary of the Bank.
During the year 2007-08, the Bank added 77 Nos new branches take the total to 761 Nos branches. Also, 372 Nos new ATMs were also added taking the size of the ATM network from 1605 Nos to 1977 Nos. HDB Financial Services Ltd became a subsidiary company with effect from August 31, 2007. In June 2, 2007, the Bank opened 19 branches in a day in Delhi and the National Capital Region (NCR).
During the year 2008-09, the Bank expanded their distribution network from 761 branches in 327 cities to 1,412 branches in 528 Indian cities. The Bank's ATMs increased from 1,977 to 3,295 during the year. As per the scheme of amalgamation, Centurion Bank of Punjab Ltd was amalgamated with the Bank with effect from May 23, 2008. The appointed date for the merger was April 01, 2008. The amalgamation added significant value to HDFC Bank in terms of increased branch network, geographic reach, and customer base, and a bigger pool of skilled manpower.
In October 2008, the bank opened their first overseas commercial branch in Bahrain. The branch offers the bank's suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Non-resident Indians.
During the year 2009-10, the Bank expanded their distribution network from 1,412 branches in 528 cities to 1,725 branches in 779 cities. The Bank's ATMs increased from 3,295 Nos to 4,232 Nos during the year.
During the year 2010-11, the Bank expanded their distribution network from 1,725 branches in 779 cities to 1,986 branches in 996 Indian cities. The Bank's ATMs increased from 4,232 to 5,471 Nos.
In the year 2014, HDFC Bank lunched the missed call banking service, allowing customers to use banking services without having to visit the Bank or connect online.
On 16 June, 2015, HDFC Bank launched the 10-second personal loan approval service thereby becoming the first in the retail lending space to fully automate the process of loan approval and disbursement.
In 2016, HDFC Bank introduced loans at ATMs as the country's first innovation to turn ATMs into Loan Dispensing Machines (LDMs), further extending the functionality of the Bank's ATMs.
During the FY2017, the bank added 195 branches taking its physical distribution network to 4,715 branches in 2657 cities and towns. Number of ATMs have been increased to 12,260.
Further the bank grew its customer base to 4.05 crore from 3.77 crore with a continued focus on semi-urban and rural markets that accounted for more than 52% of its branches.
The bank had mobilised US $ 3.4 billion in special FCNR (B) deposits from NRI clients under RBI swap window in 2013. As a major portion of these deposits were for a 3-year tenor, they came up for redemption during September-November 2016. USD 3.02 billion of these flowed out and USD 355.67 million was outstanding for the year ended 31 March 2017.
During the fiscal 2018,the bank added 72 banking outlets and taking the total to 4787 across 2691 cities and towns. The share of semi-urban and rural outlets in the total network is 53%. The number of ATMs also increased, to 12,635 from 12,260.
The number of customers of the bank catered to as on 31 March 2018 was over 4.36 crore from 4.05 crore in the previous year.
The bank raised Rs 23,715.9 crore in the FY2019. This comprises a preferential allotment to Housing Development Finance Corporation Ltd of Rs 8,500 crore, a Qualified Institutional Placement of Rs 2,775.0 crore and an ADR offering of USD 1,820 million (Rs 12,440.9 crore).
During the fiscal 2019,the bank was named India's most valuable brand for the fourth year in a row in the BrandZ survey of Top 50 Most Valuable Indian Brands. HDFC Bank was also ranked No 1 in India by customers in the first edition of the World's Best Banks' survey by Forbes magazine.
The Board of Directors at its meeting held on 22 May 2019 considered and approved the sub-division of one equity share of the Bank having face value of Rs 2/- each into two equity shares of face value of Re. 1/- each and consequential alteration in the relevant clauses relating to capital of the Memorandum of Association of the Bank.
During the FY2019, the bank added 316 Banking Outlets and taking the total to 5,103 spread across 2,748 cities and towns. The share of semi-urban and rural outlets in the total network is 53%. The number of ATMs also increased to 13,160 from 12,635.
The total number of customers the bank catered to as on 31 March 2019 was over 4.90 crore up from 4.36 crore in the previous year.
During the FY2020, the bank added 313 Banking Outlets and taking the total to 5,416 across 2,803 cities and towns. The share of semi-urban and rural outlets in the network is 52%.The number of ATMs and Cash Deposit & Withdrawal Machines also increased to 14,901 from 13,489.
As of 31 December 2020, the Bank's distribution network stood at 5,485 branches and 15,541 ATMs & Cash Deposit Machines (CDMs) across 2,866 cities and towns.
The Bank also added 354 branches during the year 2021, taking the total to 5,608 across 2,902 cities / towns.
As on 31 March 2021, the Bank's distribution network was at 5608 branches and 16087 ATMs & cash deposit machines across 2902 cities and towns.
As on 30 June 2021, the Bank's distribution network was at 5653 branches and 16291 ATMs & cash deposit machines across 2917 cities and towns.
As on 30 September 2021, the Bank's distribution network was at 5686 branches and 16642 ATMs & cash deposit machines across 2929 cities and towns.
As on 31 March 2022, the Bank's distribution network was at 6,342 branches and 18,130 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,188 cities and towns. During 2022, the Bank had 21,683 Banking Outlets. It added 734 branches during the year, taking the total to 6,342.
On April 4, 2022, HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited (HDFC Limited) were merged with and into HDFC Limited and HDFC Limited with and into HDFC Bank by Scheme of Amalgamation, which became effective from July 01, 2023 with following ratios; 42 Equity Shares of HDFC BANK LIMITED having a Face Value of Re.1/- each to be issued as Fully Paid-Up, for every 25 Fully Paid-Up Equity Shares of Rs.2/- each held by the shareholder of HDFC LTD in the ratio, i.e. 42:25.
During the year 2022-23, the Bank launched SmartHub Vyapar, for all banking and business solutions, launched PayZapp 2.0 payments app with enhanced security features in March, 2023.
As on 31 March 2023, the Bank's distribution network was at 7,821 branches and 19,727 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,811 cities and towns. During 2022, the Bank had 23,742 Banking Outlets. It added 1,479 branches during the year, taking the total to 7,821.
HDFC Bank Ltd
Chairman Speech
Dear Stakeholders,
Greetings!
It gives me immense pleasure to present to you the Integrated Annual
Report of our Bank for the financial year 2022-23.
The year 2022-23 gone by was a momentous year in many ways. It was a
year in which the world largely shook off the effects of the COVID-19 pandemic thus
enabling Governments, businesses and people to rebound in their activities with renewed
zest and make fresh beginnings and investments. At the same time, quite unexpectedly, it
was the year when the world was buffeted by a surging geopolitical turmoil, burgeoning
energy prices and inflation, and the inevitable tightening of the monetary policies around
the globe. Despite global headwinds, the Indian economy continued to demonstrate
resilience. The runway for growth in India, predominantly driven by the country's domestic
consumption, remains immense. Global investors and India watchers have acknowledged the
country's macroeconomic and financial stability.
For us at HDFC Bank, the year started with a path breaking announcement
of the merger of our promoter, HDFC Ltd., one of the largest housing finance companies of
India with the Bank.
This merger was meant to, inter-alia, transform the Bank to a financial
services conglomerate straddling key financial services and products, including housing
loan, life and general insurance, and asset management amongst others.
The merged entity would benefit from increased scale, comprehensive
product offering, balance sheet resilience and the ability to drive synergies, enhance
operating efficiencies and underwriting efficiencies, thereby leveraging the complementary
strengths of both the organisations. This would enable the Bank to serve its customers in
a significantly enhanced way with a bouquet of financial services.
I am happy to inform you that the merger has now been completed within
our estimated timelines and focus now shifts on capturing the full benefits of the
synergies and future proofing the Bank for the coming decades.
The Integrated Annual Report being placed before you would once again
demonstrate that the Bank has achieved over the past financial year, robust growth in its
businesses with healthy financial performance and profitability, and it continues to be
one of the best managed banks in terms of its risk management, non-performing assets,
regulatory compliance and governance standards. This reflects the effectiveness of our
governance culture and the supervision of the Board. Let me elaborate on these themes.
Governance at the core
At the Bank we accord tremendous importance to very high standards of
corporate governance. This philosophy rests on the essential principles of independence,
accountability, responsibility, transparency, fair and timely disclosures which have built
credibility over the years. The various Committees of the Board met throughout the year
giving them an opportunity to take stock of various aspects of critical importance to the
Bank. These Committees enabled the Board members to perform their governance and
supervisory duties and have an oversight on the performance of senior management. This
ensured that your Bank would not be buffeted by sudden ebbs and flows of events.
Review of the Bank's performance and responsibility to society
During the year under review, the Bank has delivered strong growth
while asset quality remains one of the best in the industry. The details of our
performance are captured across the report before you.
It is important to reiterate that the Bank recognises its
responsibility to the community and society quite seriously. This was reflected last year
as we emerged as a leading contributor in Government schemes, particularly those which
helped the nation emerge out of the pandemic.
We were the largest participant under the Emergency Credit Line
Guarantee Scheme (ECLGS) disbursing over C44,000 Crore and supporting about 1.25 Lakh
MSMEs. In addition, the Bank continued to increase its exposure to the agricultural sector
and weaker sections of society.
The Bank's Corporate Social Responsibility (CSR) activities and
initiatives on Environmental, Social and Governance (ESG) parameters remain important
focus areas for the Board.
Future ready: adopting Information Technology
I am happy to inform you that the Bank management is focused on result
driven investments in IT and digital transformation of the Bank and the Committees of the
Board spend considerable time in the evaluation of the implementation of the IT strategy
of the Bank. Over the last year we have focused on strengthening our core IT
infrastructure in terms of high availability, capacity additions ahead of time, new
Disaster Recovery site implementation, moving towards hybrid cloud architecture etc. All
this enables us to ensure that we are able to run the Bank and provide our customers the
convenience of availability of our services round the clock.
Harnessing the Power of One
During the last year, we indicated a timeline of 12 to 18 months for
the merger process to conclude and we have completed the merger within the indicated
timelines. Executing a merger of this scale and complexity would not have been possible
without the immense support and co-operation received from the Government of India,
Reserve Bank of India, Competition Commission of India, Securities and Exchange Board of
India, Insurance Regulatory and Development Authority of India, National Company Law
Tribunal and all the other agencies. They have helped us navigate through the complexities
of this merger and on behalf of the Board of Directors of HDFC Bank, I extend a deep sense
of gratitude to all of them.
I would also like to thank Shri Deepak Parekh for the role he has
played in nurturing HDFC and its group companies with great passion and commitment over
four and a half decades.
The Bank is now fully poised to take the benefits of the merger. The
entities have formed an Integration Committee that has been working on various streams
across businesses, IT, HR, Risk Management, Operations, Compliance, etc. to make the
merger seamless and effective. We are also putting in place the strategy to ensure that
the financial conglomerate that has emerged has in place adequate systems and processes to
ensure adherence to the various regulatory regimes and a governance framework for meeting
group wide compliance and risk management objectives. The shareholders and other
stakeholders are now part of a world class financial conglomerate and we expect that by
this time next year we would be well positioned to see the benefits of the Power of One.
In conclusion, I would like to say that we stand at the cusp of a new
era which will define our future; a future in which I have full confidence of
demonstrating growth, stability and serving our burgeoning pan India customer base even
better.
Atanu Chakraborty
Part-time Chairman and
Independent Director
HDFC Bank Limited
  Â
HDFC Bank Ltd
Company History
HDFC Bank Limited is a publicly held banking company engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. Headquartered in Mumbai, HDFC Bank is a new generation private sector bank providing a wide range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. The Bank has 4 overseas wholesale banking branch in Bahrain, a branch in Hong Kong and 2 representative offices in UAE and Kenya. The Bank has two subsidiary companies, HDFC Securities Limited (HSL) and HDB Financial Services Limited (HDBFSL).
The Bank's ATM network can be accessed by all domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders. The Bank's shares are listed on the Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. The Bank's American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) and the Bank's Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange.
HDFC Bank Ltd Was incorporated on August 30, 1994 by Housing Development Finance Corporation Ltd. In the year 1994, Housing Development Finance Corporation Ltd was amongst the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Ramon House, Churchgate branch was inaugurated on 16 January 1995 as the first branch of the bank. In March 1995, HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription. HDFC Bank was listed on the Bombay Stock Exchange on 19 May 1995. The bank was listed on the National Stock Exchange on 8 November 1995.
In the year 1996, the Bank was appointed as the clearing bank by the NSCCL. In the year 1997, the launched retail investment advisory services. In the year 1998, they launched their first retail lending product, Loans against Shares. In the year 1999, the Bank launched online, real-time NetBanking.
In February 2000, Times Bank Ltd, owned by Bennett, Coleman & Co. / Times Group amalgamated with the Bank Ltd. This was the first merger of two new generation private banks in India. The Bank was the first Bank to launch an International Debit Card in association with VISA (Visa Electron). In the year 2001, they started their Credit Card business. Also, they became the first private sector bank to be authorized by the Central Board of Direct Taxes (CBDT) as well as the RBI to accept direct taxes.
During the year, the Bank made a strategic tie-up with a Bangalore-based business solutions software developer, Tally Solutions Pvt Ltd for developing and offering products and services facilitating on-line accounting and banking services to SMEs.
On 20 July 2001, HDFC Bank's American depositary receipt (ADR) was listed on the New York Stock Exchange under the symbol HDB. Also, they made the alliance with LIC for providing online payment of insurance premium to the customers.
During the year 2002-03, the Bank increased the number of branches from 171 Nos to 231 Nos and the size of the Bank's ATM network expanded from 479 Nos to 732 Nos. They also expanded their presence in the 'merchant acquiring' business.
During the year 2003-04, the Bank expanded the distribution network with the number of branches increased from 231 Nos to 312 Nos and the size of the Bank's ATM network increased from 732 Nos to 910 Nos. In September 2003, they entered the housing loan business through an arrangement with HDFC Ltd, whereby they sell HDFC Home Loan product.
During the year 2004-05, the Bank expanded the distribution network with the number of branches increased from 312 Nos to 467 Nos and the size of the Bank's ATM network increased from 910 Nos to 1147 Nos. During the year 2005-06, the Bank launched the 'no-frills account', a basic savings account offering to the customer. Also, the distribution network was expanded with the number of branches increased from 467 Nos (in 211 cities) to 535 Nos (in 228 cities) and the number of ATMs from 1147 Nos to 1323 Nos.
During the year 2006-07, the distribution network was expanded with the number of branches increased from 535 Nos (in 228 cities) to 684 Nos (in 316 cities) and the number of ATMs from 1323 Nos to 1605 Nos. They commenced direct lending to Self Help Groups. Also, they opened a dedicated branch for lending to SHGs, in Thudiyalur village (Tamil Nadu). In September 28, 2005, the Bank increased their stake in HDFC Securities Ltd from 29.5% to 55%. Consequently, HDFC Securities Ltd became a subsidiary of the Bank.
During the year 2007-08, the Bank added 77 Nos new branches take the total to 761 Nos branches. Also, 372 Nos new ATMs were also added taking the size of the ATM network from 1605 Nos to 1977 Nos. HDB Financial Services Ltd became a subsidiary company with effect from August 31, 2007. In June 2, 2007, the Bank opened 19 branches in a day in Delhi and the National Capital Region (NCR).
During the year 2008-09, the Bank expanded their distribution network from 761 branches in 327 cities to 1,412 branches in 528 Indian cities. The Bank's ATMs increased from 1,977 to 3,295 during the year. As per the scheme of amalgamation, Centurion Bank of Punjab Ltd was amalgamated with the Bank with effect from May 23, 2008. The appointed date for the merger was April 01, 2008. The amalgamation added significant value to HDFC Bank in terms of increased branch network, geographic reach, and customer base, and a bigger pool of skilled manpower.
In October 2008, the bank opened their first overseas commercial branch in Bahrain. The branch offers the bank's suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Non-resident Indians.
During the year 2009-10, the Bank expanded their distribution network from 1,412 branches in 528 cities to 1,725 branches in 779 cities. The Bank's ATMs increased from 3,295 Nos to 4,232 Nos during the year.
During the year 2010-11, the Bank expanded their distribution network from 1,725 branches in 779 cities to 1,986 branches in 996 Indian cities. The Bank's ATMs increased from 4,232 to 5,471 Nos.
In the year 2014, HDFC Bank lunched the missed call banking service, allowing customers to use banking services without having to visit the Bank or connect online.
On 16 June, 2015, HDFC Bank launched the 10-second personal loan approval service thereby becoming the first in the retail lending space to fully automate the process of loan approval and disbursement.
In 2016, HDFC Bank introduced loans at ATMs as the country's first innovation to turn ATMs into Loan Dispensing Machines (LDMs), further extending the functionality of the Bank's ATMs.
During the FY2017, the bank added 195 branches taking its physical distribution network to 4,715 branches in 2657 cities and towns. Number of ATMs have been increased to 12,260.
Further the bank grew its customer base to 4.05 crore from 3.77 crore with a continued focus on semi-urban and rural markets that accounted for more than 52% of its branches.
The bank had mobilised US $ 3.4 billion in special FCNR (B) deposits from NRI clients under RBI swap window in 2013. As a major portion of these deposits were for a 3-year tenor, they came up for redemption during September-November 2016. USD 3.02 billion of these flowed out and USD 355.67 million was outstanding for the year ended 31 March 2017.
During the fiscal 2018,the bank added 72 banking outlets and taking the total to 4787 across 2691 cities and towns. The share of semi-urban and rural outlets in the total network is 53%. The number of ATMs also increased, to 12,635 from 12,260.
The number of customers of the bank catered to as on 31 March 2018 was over 4.36 crore from 4.05 crore in the previous year.
The bank raised Rs 23,715.9 crore in the FY2019. This comprises a preferential allotment to Housing Development Finance Corporation Ltd of Rs 8,500 crore, a Qualified Institutional Placement of Rs 2,775.0 crore and an ADR offering of USD 1,820 million (Rs 12,440.9 crore).
During the fiscal 2019,the bank was named India's most valuable brand for the fourth year in a row in the BrandZ survey of Top 50 Most Valuable Indian Brands. HDFC Bank was also ranked No 1 in India by customers in the first edition of the World's Best Banks' survey by Forbes magazine.
The Board of Directors at its meeting held on 22 May 2019 considered and approved the sub-division of one equity share of the Bank having face value of Rs 2/- each into two equity shares of face value of Re. 1/- each and consequential alteration in the relevant clauses relating to capital of the Memorandum of Association of the Bank.
During the FY2019, the bank added 316 Banking Outlets and taking the total to 5,103 spread across 2,748 cities and towns. The share of semi-urban and rural outlets in the total network is 53%. The number of ATMs also increased to 13,160 from 12,635.
The total number of customers the bank catered to as on 31 March 2019 was over 4.90 crore up from 4.36 crore in the previous year.
During the FY2020, the bank added 313 Banking Outlets and taking the total to 5,416 across 2,803 cities and towns. The share of semi-urban and rural outlets in the network is 52%.The number of ATMs and Cash Deposit & Withdrawal Machines also increased to 14,901 from 13,489.
As of 31 December 2020, the Bank's distribution network stood at 5,485 branches and 15,541 ATMs & Cash Deposit Machines (CDMs) across 2,866 cities and towns.
The Bank also added 354 branches during the year 2021, taking the total to 5,608 across 2,902 cities / towns.
As on 31 March 2021, the Bank's distribution network was at 5608 branches and 16087 ATMs & cash deposit machines across 2902 cities and towns.
As on 30 June 2021, the Bank's distribution network was at 5653 branches and 16291 ATMs & cash deposit machines across 2917 cities and towns.
As on 30 September 2021, the Bank's distribution network was at 5686 branches and 16642 ATMs & cash deposit machines across 2929 cities and towns.
As on 31 March 2022, the Bank's distribution network was at 6,342 branches and 18,130 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,188 cities and towns. During 2022, the Bank had 21,683 Banking Outlets. It added 734 branches during the year, taking the total to 6,342.
On April 4, 2022, HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited (HDFC Limited) were merged with and into HDFC Limited and HDFC Limited with and into HDFC Bank by Scheme of Amalgamation, which became effective from July 01, 2023 with following ratios; 42 Equity Shares of HDFC BANK LIMITED having a Face Value of Re.1/- each to be issued as Fully Paid-Up, for every 25 Fully Paid-Up Equity Shares of Rs.2/- each held by the shareholder of HDFC LTD in the ratio, i.e. 42:25.
During the year 2022-23, the Bank launched SmartHub Vyapar, for all banking and business solutions, launched PayZapp 2.0 payments app with enhanced security features in March, 2023.
As on 31 March 2023, the Bank's distribution network was at 7,821 branches and 19,727 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,811 cities and towns. During 2022, the Bank had 23,742 Banking Outlets. It added 1,479 branches during the year, taking the total to 7,821.
HDFC Bank Ltd
Directors Reports
HDFC Bank Ltd
Company Background
| Incorporation Year | 1994 |
| Registered Office | HDFC Bank House,Senapati BapatMarg Lower Parel
Mumbai,Maharashtra-400013 |
| Telephone | 91-22-66521000/3976 0000,Managing Director |
| Fax | 91-22-24960737 |
Atanu ChakrabortyKaizad Bharucha| Company Secretary | Santosh Haldankar |
| Auditor | M M Nissim & Co LLP/MSKA & Associates |
| Face Value | 1 |
| Market Lot | 1 |
| Listing | BSE,Luxembourg,MSEI ,New York,NSE, |
| Registrar | Datamatics Financial Services
Plot No B-5 MIDC ,Part B Cross Lane ,Marol Andheri(E) ,Mumbai-400093 |
HDFC Bank Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Kaizad Bharucha | Deputy Managing Director | 2023 |
| Umesh Chandra Sarangi | Independent Director | 2023 |
| SANDEEP PAREKH | Independent Director | 2023 |
| M D Ranganath | Independent Director | 2023 |
| Sanjiv Sachar | Independent Director | 2023 |
| Santosh Haldankar | Senior Vice President & CS | 2023 |
| Renu S Karnad | Director | 2023 |
| Sashidhar Jagdishan | Managing Director & CEO | 2023 |
| Sunita Maheshwari | Independent Director | 2023 |
| Atanu Chakraborty | Part Time Chairman | 2023 |
| Lily Vadera | Independent Director | 2023 |
| Bhavesh Zaveri | Executive Director | 2023 |
| K M Mistry | Director | 2023 |
| V Srinivasa Rangan | Whole Time Director | 2023 |
HDFC Bank Ltd
Listing Information
| Listing Information |
|---|
| BSE_SENSEX |
| NIFTY |
| BSE_500 |
| BSE_100 |
| BSE_200 |
| BSEDOLLEX |
| CNX500 |
| BSEBANKEX |
| BANKNIFTY |
| CNX100 |
| CNXSERVICE |
| CNX200 |
| CNXFINANCE |
| BSECARBONE |
| NFT100EQWT |
| BSEALLCAP |
| BSELARGECA |
| BSEFINANCE |
| NFTQULTY30 |
| NFTPVTBANK |
| SENSEX50 |
| ESG100 |
| LMI250 |
| BSEDSI |
| BSELVI |
| NFT50EQWT |
| NFT100LV30 |
| BSEDFINRVG |
| BSE100LTMC |
| BSEPVTBNK |
| NFTYLM250 |
| NFTY100ESG |
| NFTYFS2550 |
| NF500M5025 |
| NFTYTOTMKT |
HDFC Bank Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Interest/disc on advance/bills | Rs. | 0 | 0 | 0 | 98512.0227 |
| Income on investments | Rs. | 0 | 0 | 0 | 26046.1338 |
| Interest on balance with RBI | Rs. | 0 | 0 | 0 | 2552.37 |
| Others | Rs. | 0 | 0 | 0 | 642.5926 |