HDFC Bank is one of India’s leading financial houses with a massively growing customer base. HDFC banking service began operation in the year 1994 but started full service in 1995. HDFC is a brainchild of Finance Development Operation limited.
However, HDFC bank presently has more than 87,000 employees having branches in nations like Bahrain, Dubai, and Hong Kong. With its headquarter in Mumbai, Maharashtra Indian, HDFC ranks as the largest bank in India by the asset. In short, It also the largest in capitalization and Forbes ranked HDFC 7th in the list of top ten biggest consumer financial service firms.
As we speak, HDFC runs over 2201 branches and maintains 7110 ATMs.
HDFC Credit Card
It operates in over 996 cities across India. It has the largest number of credit cards. It is crown the highest issuer of credit cards from the statistics gathered from per Reserve Bank of India Data. The bank is not stopping here as they are planning to double the present list of the credit card base in the next year.
These increases in various segments of HDFC Netbanking have seen the surge 20% increase in net profit in the last financial year.
Business Service Arm of HDFC Netbanking
The bank capitalizes on three core segments which are; the treasury, Wholesale Banking, and core banking service.
Recently, www.hdfcbank.com started a service that is dedicated to the start-up company in Kolkata. The brand is called “Startup” as they tend to meet the present financial needs of the start-up companies. HDFC bank is not in this venture alone as they are having a partnership with Nasscom.
Outside the financial service to these start-ups, they offer them payment solutions, Forex as well as advisory services.
Other Product Of service
The bank offers a 30-minute auto loan, they still run e-payment gateways and 15-Minute Two-Wheeler loans well Digital Wallet.
You can also get treasury services, Auto car loan, Loan Against Property, and Credit Cards Personal loans.
Other Digital products
HDFC Bank is presently embarking on the plan to bring in robots. In other words, to stand for most of its financial service against the human force in most of its branches.
These robots will offer withdrawal, Deposit, Forex, and fixed deposit account services.
Revenue: of Rs. 60221.45 crore
Net Profit/Loss: Rs. 12296.23 crore
Market Capitalization: Rs. 298464.15 crore