Hdfc Bank Essay

The Housing Development Finance Corporation Limited (HDFC) was among 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 RBI’s liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. It comprises of a dynamic and excited team determined to accomplish the vision of becoming a World-class Indian bank. HDFC bank’s business philosophy is based on four core values i.e. Customer focus, operational excellence, product leadership and people. They believe that the final

 Benchmarking against international standards.

 To build sound customer franchises across distinct businesses.

Best practices in terms of product offerings, technology, service levels, risk management and audit & compliance

1.1.2 VISION STATEMENT OF HDFC BANK

The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank’s business philosophy is based on four core values such as:-

 Operational excellence.

 Customer Focus.

 Product leadership.

 People.

The objective of the HDFC Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a one-step window for all his/her requirements.

1.1.3 AWARDS AND ACCOLADES

Some important awards that the bank

1.1.8 MAJOR BUSINESS SEGMENTS

HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale part and transactional / branch banking on the retail side. The bank has three key business segments:

1. Wholesale Banking: For different range of customers, the Bank provides a wide range of commercial and transactional banking services, including working capital finance, trade services, transactional services, cash management, etc. The bank is also a leading provider of structured solutions, which combine cash management services with vendor and distributor finance for facilitating superior supply chain management for its corporate customers.

2. Treasury:

The bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. These are well pricing on various treasury products are provided through the bank Treasury team. To comply with statutory reserve requirements, the bank is required to hold 25% of its deposits in government securities. The Treasury business is responsible for managing the returns and market risk on this investment portfolio.

3. Retail