HDFC Bank is one of India’s leading private banks.
The Housing Development Finance Corporation Limited or HDFC Ltd was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. This was done as part of RBI’s policy for liberalisation of the Indian banking industry in 1994.
HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.
On April 4, 2022 the merger of India’s largest Housing Finance Company, HDFC Limited and the largest private sector bank in India, HDFC Bank, was announced. HDFC Ltd, over the last 45 years has developed one of the best product offerings making it a leader in the housing finance business. HDFC Bank enables seamless delivery of home loans as a part of its wide product suite catering to urban, semi urban and rural India. Post-merger, HDFC Bank is a professionally managed organisation, overseen by an experienced Board of Directors and does not have an identified promoter. The merger also marks the transformation of HDFC Bank into a financial services conglomerate offering a full suite of financial services, from banking to insurance, and mutual funds through its subsidiaries.
As of September 30, 2025, the Bank’s distribution network was at 9,545 branches and 21,417 ATMs across 4,156 cities / towns as against 9,092 branches and 20,993 ATMs across 4,088 cities / towns as of September 30, 2024. 51% of our branches are in semi-urban and rural areas.
