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HDFC Full Form

Highlights

  • See the Full Form of the HDFC used in HDFC Bank.
  • Explore the history of the HDFC Bank and its formation.
  • Go through the Services offered by the HDFC Bank.

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There are a lot of people in India who have their accounts with the HDFC Bank. It gives various services and offers multiple banking products due to which many people are inclined towards its services. But many people have heard about the HDFC Bank whether they are HDFC bank customers or non-HDFC users and they are unaware of the HDFC Full Form. So, the full form of HDFC is Housing Development Finance Corporation and it offers various banking services. People can open a savings account and current account in the same bank and enjoy various services. Earlier, the HDFC Bank used to provide financial help to the low and middle-class individuals of India. Let’s move on to the history of the HDFC bank and its origin.

History of HDFC Bank

The HDFC Bank was incorporated in 1994 and it has its registered office in Mumbai Maharashtra. Now the HDFC Bank has more than 5500 branches across the country in more than 2700 cities. There are 430000 POS terminals of the HDFC Bank in India and it has issued millions of debit and credit cards until now. The subsidiaries of the HDFC bank are HDFC Securities and HDB Financial Services.

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All About HDFC Bank

ParticularsDetails
TypePublic
Traded AsHDFCBANK
ISININE040A01034
IndustryFinancial Services
FoundedAugust 1994
HeadquartersMumbai, Maharashtra
ChairmanAtanu Chakraborty
CEOSashidhar Jagdishan
Revenue₹155885 Crore in 2021
Total Assets₹1746870 Crore in 2021
SubsidiariesHDFC Securities and HDB Financial Services

Services Offered by the HDFC Group

There are various services offered by the HDFC Group and you must explore all of them. These services will make banking efforts easy for individuals. The HDFC Group offers the following services to the people of India:-

  • Wholesale Banking
  • Retail Banking
  • Treasury
  • Credit Cards and Debit Cards
  • Car Loans
  • Mutual Funds
  • Mortgage
  • General Insurance
  • Life Insurance
  • Two-Wheeler Loans
  • Personal Loans
  • Property Loans
  • Consumer-Sustainable Loans
  • Lifestyle Loans
  • Payzapp
  • Smartbuy

Values of the HDFC Bank

  • Transparency
  • Trust
  • Professional Service
  • Integrity

Major Subsidiaries of HDFC

  • HDFC Bank
  • HDFC Standard Life Insurance Company Limited
  • HDFC Asset Management Company
  • HDFC ERGO General Insurance Company
  • GRUH Finance
  • HDFC Property Fund
  • HDFC RED
  • HDFC Credila Financial Services

Conclusion

Now you are aware of the term HDFC that you might have heard in securities, banking, insurances, and many other services. So, the HDFC Full Form is HDFC is Housing Development Finance Corporation and whenever you come across this term, you should know the full form. You can enjoy various products and services of the HDFC groups that will definitely be going to surprise you.

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