What Is The Full Name Of HDFC Bank?


13 Answers

Simon Lazarus Profile
Simon Lazarus answered
HDFC Bank's name is an acronym for Housing Development Finance Corporation.

The bank is a private escort bank that was incorporated after India allowed the establishment of private sector banks in 1994 and started doing business in January of 1995. Before this, it was a housing finance company (hence the name), which was set up in 1977. It is a growing business that is hugely profitable, with net profit equivalent to $871.64 million US dollars for the fiscal year of 2010-2011. This figure showed a growth of more than 30% from the previous year. As of 2008, the bank held assets amounting to more than 1006 billion Rupees. It's main competitors in India are the State Bank of India, ICICI Bank and the Punjab National Bank, which account for the remaining three quarters of India's 'big four' banks.

The bank currently has 1725 branches across India, based in 780 cities, and trades in wholesale banking services, treasury and retail banking services. The treasury takes care of foreign currency, debt security, and equity, the wholesale banking services take care of business accounting and transactions, and the retail section deals with consumers. Most notably, the Housing Development Finance Corporation bank was the first bank to introduce the debit card in India through its retail services. It worked with VISA to bring its electron card services to the country, and now also offers MasterCard debit cards to its customers.
Anonymous Profile
Anonymous answered
Housing development financial corporation
Anonymous Profile
Anonymous answered
Housing Development Finance Corporation Ltd.
Amit Seth Profile
Amit Seth answered
The full name of HDFC bank is Housing Development Finance Corporation Bank. The company was incorporated in 1994 and is headquartered in Mumbai, India.
HDFC Bank Limited, a private sector bank, provides financial services to corporations, and middle and upper-income individuals in India. It operates in three divisions: Retail Banking, Wholesale Banking, and Treasury Operations.
As of December 22, 2006, the bank operated 569 branches.
thanked the writer.
Amit Jain
Amit Jain commented
एचडीएफसी बैंक का पूरा नाम आवास विकास वित्त निगम बैंक है. कंपनी ने 1994 में और निगमित किया गया मुंबई, भारत में मुख्यालय है !
HDFC bank is Housing Development Finance Corporation BankThe company was incorporated in 1994 and is headquartered in Mumbai, India. .
This is a high class bank and provides good services every customer.."I like it"
Anonymous Profile
Anonymous answered
Housing development finance corporation
Anonymous Profile
Anonymous answered
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Anonymous Profile
Anonymous answered
The Full Form of HDFC IS the    Indian's  worst bank

Be careful before investing in this bank ...... .
I have worst experience about HDFC bank. It is the worst bank I have ever seen.

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