HDFC Bank Ltd (HDFCBANK) Share Price

HDFC Bank is one of India’s leading private-sector banks. HDFC Bank is headquartered in Mumbai, Maharashtra. HDFC Bank provides financial products and services to customers across the country. HDFC Bank started in August 1994 after Housing Development Finance Corporation (HDFC) received approval from the Reserve Bank of India (RBI) to set up a private sector bank. The bank was incorporated as ‘HDFC Bank Limited’. The following year, HDFC Bank received its banking license. In February 1995, HDFC Bank opened the doors of its first corporate office at Sandoz House, Mumbai. In the same year, HDFC Bank launched its Initial Public Offer (IPO). HDFC Bank’s shares were listed on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE). HDFC Bank adopted a new logo in 1997. Two years later, Times Bank merged with HDFC Bank. In the same year, HDFC Bank launched its online, real-time Net Banking solution. In November of 1999, HDFC Bank introduced its first international debit card in association with Visa International. In the following year, HDFC Bank introduced mobile banking to its Indian customers. July 2001 was the month in which HDFC Bank was listed on the prominent US-based New York Stock Exchange. Next year, HDFC Bank got the ISO 9001 certification for the bank’s depository and custodial operations. 2008 was the year in which HDFC Bank acquired the Centurion Bank of Punjab. As of December 31, 2022, HDFC Bank had a nationwide distribution network of 7,183 branches and 19,007 ATMs / Cash Deposit and Withdrawal Machines (CDMs) across 3,552 cities/towns.

Products and services 

HDFC Bank provides several savings and current account options to its customer base. Apart from regular savings accounts, HDFC Bank offers salary accounts and senior citizen accounts. HDFC Bank offers several loan options to businesses and individuals. These include home loans, personal loans, auto loans and education loans, among others. HDFC Bank is also a leading credit card provider. HDFC Bank is also in the insurance business where it provides an array of products including life insurance, health insurance, motor insurance and travel insurance. To its customers, the bank also offers investment options including but not limited to fixed deposits, recurring deposits, mutual funds and demat accounts for trading in stocks and securities.

Listing

In March 1995, HDFC Bank launched its IPO.  HDFC Bank was listed on the Bombay Stock Exchange (BSE) in May 1995 and on the National Stock Exchange (NSE) in November of that year. HDFC Bank is listed in a number of other stock exchanges like Calcutta Stock Exchange, Delhi Stock Exchange, Madras Stock Exchange etc. HDFC Bank is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex etc.