Quick Answer: Who Founded HDFC Bank?

Who is the first CEO of HDFC Bank?

HDFC BankTypePublicFounderHasmukhbhai ParekhHeadquartersMumbai, Maharashtra , IndiaArea servedIndiaKey peopleShyamala Gopinath (Non-Exe Chairperson) Sashidhar Jagdishan (CEO)14 more rows.

Is HDFC Ltd a bank?

Our Financial Network Diversified Financial Services – Banking, Insurance (Life and General), Asset Management, Real Estate Venture Capital, Education Loans among others. HDFC and its Group Companies consistently maintain leadership positions in their respective sectors.

What does HDFC stand for?

Housing Development Fund CorporationWelcome to the world of what is known in real estate as the H.D.F.C., or Housing Development Fund Corporation — a form of co-op housing intended for low-income New Yorkers. The bulk of these income-restricted co-ops came into being after thousands of derelict apartments were seized by the city in the late ’70s.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Is HDFC a good stock?

Speaking on the immediate short-term time horizon on HDFC Bank share price; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, “HDFC Bank has strong support at Rs 1,050 per stock levels and one can buy the HDFC Bank share at current levels for the target or Rs 1,150 in one month time horizon.”

Who bought HDFC shares?

People’s Bank of ChinaPeople’s Bank of China sells stake in HDFC in June quarter; shares down. Shares of HDFC traded 1.33 per cent down at Rs 1,916.15 at around 9.46 am (IST), while the benchmark BSE Sensex traded 0.13 per cent lower at 36,689 at around the same time.

Who is the CEO of HDFC Ltd?

Keki Mistry (Jan 1, 2010–)Housing Development Finance Corporation/CEO

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.

Who 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.

What is the full form of Icici and HDFC?

Full form of BanksAbbreviationFull FormSBIState Bank Of IndiaICICIIndustrial Credit and Investment Corporation of India LimitedHDFCHousing Development and Finance CorporationBOIBank of India23 more rows•Aug 11, 2020

Is my money safe in HDFC Bank?

But that doesn’t mean that you can put all banks in the same risk bucket. So your bank Fixed Deposits (FDs) are safe. … These are banks that are too-big-to-be-allowed-to-fail banks of India. And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Which is the richest bank in India?

State Bank of India1. State Bank of India. The oldest of the Indian Banking Sector, SBI is also the largest bank in India and now a fortune 500 company.

Is HDFC Bank and HDFC Ltd same?

Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai, India. It is a major housing finance provider in India….Housing Development Finance Corporation.TypePublicWebsitewww.hdfc.com15 more rows

Why did HDFC shares fall?

MUMBAI: Shares of HDFC Bank fell by as much as 2.74% on Tuesday after it launched a probe into its auto lending practices following allegations against the conduct of a long-time executive who retired on March 31 this year.

Is HDFC Bank closing?

HDFC Bank branches across India are closed on Sundays and 2nd and 4th Saturday of each month. They are also closed on national holidays and public holidays (varies from one state to another).

How did HDFC Bank start?

The Housing Development Finance Corporation (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry in 1994. HDFC Bank is headquartered in Mumbai.

What is the full name of HDFC Bank?

alias Housing Development Finance CorporationCompanies Origin & Profile: Brief Company Profile: HDFC Bank alias Housing Development Finance Corporation is India’s largest private sector lender by assets. The bank was incorporated on 30th August 1994 with its registered office in Mumbai, India.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.