HDFC Bank Limited, established in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC) Ltd., is headquartered in Mumbai, India.
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It has grown to become India’s largest private sector bank by assets and, as of May 2024, ranks as the world’s tenth-largest bank by market capitalization.
What is HDFC Bank?
HDFC Bank was incorporated as one of the first private banks in India to receive regulatory approval from the Reserve Bank of India under its liberalization policy.
Initially operating as a Scheduled Commercial Bank from January 1995, it has since grown to become India’s largest private sector bank.
Founded in 1977, HDFC Ltd. pioneered India’s housing finance sector under the leadership of Shri HT Parekh.
Over the years, it evolved into a financial conglomerate with offerings in banking, offshore asset management, insurance, and more.
The bank’s distribution channels include phone banking, net banking, mobile banking, and SMS banking.
HDFC Bank also provides offshore banking with branches in Hong Kong, Bahrain, Dubai, and Gujarat’s International Finance Tech City (GIFT City), as well as representative offices in London, Singapore, Kenya, and the UAE.
In 2023, the bank completed a historic merger with its parent company, HDFC Ltd., strengthening its position in housing finance and expanding its customer base to over 120 million. The combined entity offers a wide range of financial services to both urban and rural communities through an extensive network of over 9,000 branches and 21,000 ATMs.
What does HDFC Bank offer?
HDFC Bank serves retail, corporate, and government clients across various financial segments:
- Retail Banking: Targeting individuals, professionals, micro-businesses, and NRIs with products like savings accounts, loans, and credit cards.
- Home Loan and Mortgages: The merger with HDFC Ltd. strengthened the bank’s position in housing finance and as a provider of mortgage solutions.
- Wholesale Banking: Serving large corporations, public sector units (PSUs), government entities, and multinational companies with commercial and transactional banking services.
HDFC Bank Leadership and Management
- Sashidhar Jagdishan – Managing Director & Chief Executive Officer
Mr. Sashidhar Jagdishan has been the Managing Director and CEO of HDFC Bank since October 2020. He joined the bank in 1996 and has served as the Chief Financial Officer from 2008 to 2020. - Kaizad M Bharucha – Deputy Managing Director
With over 35 years of banking experience, Mr. Kaizad M Bharucha has been associated with HDFC Bank since 1995 and became Deputy Managing Director in April 2023. He leads the bank’s Wholesale Banking, Public Sector Units (PSUs), Capital & Commodities Markets, and Realty Business Finance. - Bhavesh Zaveri – Executive Director
Mr. Bhavesh Zaveri became an Executive Director of HDFC Bank in April 2023. He oversees the bank’s ATM, Operations, and Administration functions. As Group Head of Operations since 2009, he took on additional responsibilities in IT from 2015. - V Srinivasa Rangan – Executive Director
Appointed as an Executive Director in November 2023, Mr. V Srinivasa Rangan has extensive expertise in finance, audit, corporate governance, and risk management. He previously served as Executive Director and Chief Financial Officer at HDFC Ltd.
HDFC Bank Contact Information
For Indian Clients:
- India Tel: 1800 1600 / 1800 2600
- International No: 022-61606160
International Offices:
Abu Dhabi
- Address: HDFC BANK Ltd (Rep. Office), 203, Salam HQ Building, Opp. Abu Dhabi Municipality, Salam Street, Abu Dhabi (UAE) PO BOX 106514, Abu Dhabi.
- Tel: +97126937000
- Fax: +97126440662
- Contact Person: Mr. Umashankar Gopalan
- Email ID: [email protected]
Dubai
- Address: HDFC Bank Representative Office 104, Juma Al Majid Commercial Building, Opp Bur Juman Centre, Trade Centre Road, P.O.Box No.64546 Dubai, UAE.
- Tel: +009714 317 0000
- Fax: +009714 3967010
- Contact Person: Mr. Naresh Chandiramani
- Email ID: [email protected]
Bahrain
- Address: HDFC Bank Limited, Bahrain Financial Harbour, West Wing, 49th Floor, PO Box 20246, Building no 1459, Road no 4626, Manama, Bahrain
- Tel: 00973 16577015
- Email :[email protected]
- Contact Person: Mr Sameer Shaikh
London
- Address: HDFC Bank ltd Golden Cross House, 8 Duncannon St, London WC2N 4JF
- Tel: 02045347586 / 87 / 88 or 02075445106
- Email: [email protected]
- Contact Person: Prajit Rajagopalan
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