History of HDFC
1. 1977: HDFC was founded by Hasmukhbhai Parekh, with the primary objective of enhancing home ownership by providing long-term finance to households.
2. 1994: HDFC Bank was incorporated, marking its foray into the banking sector, with an aim to provide a range of banking services leveraging technology and innovation.
3. 2000: HDFC Bank embarked on a digital transformation, introducing online banking services, thereby setting new benchmarks in customer convenience and operational efficiency.
4. 2010s: The bank continued to expand its footprint, both in urban and rural areas, and diversified its product portfolio to cater to various customer segments, including retail, SMEs, and corporates.
5. 2020: HDFC Bank has embraced next-generation banking technologies like AI, blockchain, and big data, reinforcing its commitment to innovation and customer service excellence.
HDFC : Full Form, History, Products & Services of HDFC
HDFC Bank stands as a beacon in the Indian banking sector, renowned for its extensive range of financial services and customer-centric approach. The acronym HDFC signifies Housing Development Finance Corporation, which underlines its initial mission to enhance residential housing finance in India.
Table of Content
- Products and Services Offered by HDFC
- Founder of HDFC
- History of HDFC
- Core Values of HDFC Bank
- List of Subsidiaries, Joint Ventures, and Associates of HDFC Bank
- Conclusion
- HDFC – FAQs