Question: How Many Departments Are There In HDFC Bank?

Is HDFC nationalized bank?

Private sector financial players ICICI Bank and HDFC Bank, who are classified as foreign-owned entities, are on the same footing as nationalised banks as the two are incorporated under the Indian laws, DIPP Secretary R P Singh said today..

What is full name of HDFC Bank?

Housing Development Finance Corporation LimitedThe Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.

What are the 3 types of bank accounts?

Three Types of Bank AccountsCentralized accounts (formerly known as “Banking Module” accounts)Branch accounts.Local bank accounts.

Which is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is HDFC Bank Safe?

1) HDFC Bank If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. At over Rs 11 lakh crore market capitalisation, it tops the chart, even if its assets are just a fifth of the largest Bank in the country.

Is HDFC Chinese bank?

China’s central bank sold some or all of its stake in India’s largest mortgage lender Housing Development Finance Corp Ltd (HDFC) in the June quarter, stock exchange filings show.

How many departments are there in a bank?

10 different departmentsThe internal structure of a typical commercial bank generally consists of 10 different departments. These include retail banking, loan servicing, wealth management, investment banking, deposit operations, wire transfer operations, cash management, electronic banking, commercial banking and mortgage banking.

Which type of bank account is best?

Savings account The best savings accounts offer low fees and a low minimum deposit requirement. Further, they almost always make it easy for you to access you money. The best part about savings accounts, however, is that they usually offer higher interest rates than checking accounts.

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

How many types of accounts are there in HDFC Bank?

18 typesHDFC Bank offers 18 types of current accounts to serve the needs of different businesses. Current accounts largely deal with liquid deposits does not limit the number of transactions in a day and easily allows for the withdrawal of funds.

How many branches does HDFC Bank have?

5,500 branchesAs of 30 June 2019, the Bank’s distribution network was at 5,500 branches across 2,764 cities.

What is a good savings account?

In general, a bank savings account will pay the least amount of interest, with money market accounts paying more and CDs the most. If you need a safe place to park your money and won’t need access to it, a CD could be your best bet.

Which is better Axis or HDFC?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

Is HDFC a foreign bank?

As the direct and indirect foreign holdings in ICICI Bank and HDFC are around 67% and 73% respectively, they will be not be treated as Indian institutions. As HDFC Ltd is no more an Indian institution, its holding of 23.7% in HDFC bank will also be treated as foreign holding.

Which post is highest in bank?

What Is The Highest Post In Bank?One of the reason that lakhs of students apply for public sector banks every year because of the career growth and perks associated with that post. … Managing Director and CEO: This is the topmost post in public sector bank.More items…•

Which bank account is best?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

Can I have 2 HDFC accounts?

You can add up to 5 Bank accounts at one time.

Is HDFC Bank in financial trouble?

HDFC Bank stands out in India’s struggling financial sector. Its gross bad loan ratio has held steady at around 1.4%, while rivals have been forced to caution by growing stress among once-reputed companies, developers and shadow lenders.