HDFC Bank

HDFC Bank, India’s leading private sector bank in Current Account deposits announced the launch of its new Biz+ Current Accounts, a reimagined suite of Current Account offerings designed to meet the evolving needs of Indian businesses. The range of accounts aims to empower India’s growing MSME enterprises.

HDFC Bank hosted a ‘Mega Auto Loan Mela’ at its branches throughout Punjab on June 12, 2024. This extensive loan initiative took place in more than 500 branches across the state, collaborating with top automobile brands and local dealerships, which was on-site to display their car models to customers.

India's largest private sector lender HDFC bank reported a 37.1% YoY increase in its standalone profit at Rs 16,512 crore (US$ 1.98 billion) in the March ended quarter.

In December 2023, HDFC Bank collaborated with Tata Motors to provide seamless digital financing for buses, trucks, and small commercial vehicles on online platforms.

In October 2023, HDFC Bank introduced XpressWay. It is a digital platform that provides financial services and products and lets users enjoy the quickest way to bank.

HDFC Bank is conducting a nationwide drive under the campaign – ‘Purani Gaadi, Nayi Shuruaat’. This one-week campaign that started on August 7, 2023, is aimed at extending advances for the purchase of used commercial vehicles and used construction equipment to transporters and contractors.

In May 2023, HDFC Bank launched a programme for Bharat, to onboard 1 lakh customers.

In March 2023, HDFC Bank plans 675 branches in semi-urban, rural areas in the upcoming 14 months.

In February 2023, HDFC Bank raised Rs. 25,000 crore (US$ 3.04 billion) in non-convertible debentures carrying a coupon of 7.97%.

In February 2023, HDFC Bank, and Lulu Exchange ink a deal to enhance cross-border payments between India-Gulf region. That will allow resident individuals of UAE to send money to any bank account in India via IMPS and NEFT through HDFC's digital banking channels.

In January 2023, HDFC Bank partnered with Microsoft as part of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing the data landscape, and securing the enterprise with Microsoft Cloud.

In March 2023, HDFC Bank announced that it would be launching its revamped mobile and internet banking platforms, besides a “better version” of its payments application — PayZapp.

In March 2023, HDFC is said to be in the process of selling up to Rs. 1,000 crore (US$ 121.7 million) real estate loans involving two projects before its proposed merger with HDFC Bank.

In November 2022, HDFC Bank announced plans to add over 100 branches in Kerala in the next 12 months which can generate 1000 jobs in the country.

In June 2022, HDFC Bank signed a MoU with 100X. VC to support start-ups.

In February 2022, in cooperation with Wipro GE Healthcare and United Way Delhi, HDFC Bank sponsored a skill training project for 6,900 youngsters in Goa as part of its flagship CSR programme Parivartan (UWD).

In February 2022, HDFC Bank and Spices Board India joined to establish an innovative digital platform called "Spice Xchange India" to encourage spice exports for Indian players.

In September 2021, HDFC introduced gold loan desks in 24 branches across Uttarakhand to financially empower people.

In September 2021, HDFC Bank announced a plan to double its rural reach to 2 lakh villages in the next two years and cater to more customers.

In September 2021, HDFC Bank collaborated with Paytm to introduce co-branded credit cards.

In September 2021, the bank signed an MoU with the National Small Industries Corporation (NSIC) to provide credit support to MSMEs.

In August 2021, HDFC Bank signed an MoU with i-Hub (Gujarat Student Start-up and Innovation Hub) to support start-ups with banking solutions.

In July 2021, HDFC Bank partnered with CSC to introduce an overdraft scheme for small retailers.

In July 2021, HDFC Bank signed an MoU with ‘SASTRA’ (Security and Scientific Technical Research Association) to support start-ups with banking solutions.

In April 2021, HDFC Bank unveiled organisational changes under ‘Project Future – Ready’ to power its next wave of growth. The bank is reorganising operations into the following three divisions: Business Verticals, Delivery Channels and Technology/Digital

In March 2021, HDFC Bank launched ‘SmartUp Unnati’, a programme to support more than 3,000 women entrepreneurs

In November 2020, HDFC Bank launched “Mooh Band Rakho,” a campaign to increase awareness of cyber fraud and its prevention.

In November 2020, HDFC Bank launched India’s first comprehensive banking and payment solution for merchants—SmartHub Merchant Solutions 3.0.

In September 2020, HDFC Bank launched a Video KYC (Know Your Customer) facility.

Launched DigiDemat cum Trading facility

HDFC Bank signed a MoU (memorandum of understanding) with the Odisha government to boost start-ups in the state

HDFC Bank tied up with the CSC (Common Service Centre) SPV (Special Purpose Vehicle) to take banking and financial services to doorways for people living in small areas of the country through its network of over 1 lakh village-level entrepreneurs (VLEs), supported by HDFC Bank’s branches in 30 states

Launched Accelerator Engagement Programme (AEP) where HDFC Bank would partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions

Launched its new credit card offering called Infinia in direct competition with global credit card major, American Express (Amex). The new HDFC product is exclusively for the bank's high-net-worth and super-rich clients in the country

HDFC Bank tied up with the International Bank of Qatar (IBQ) to launch banking services in Qatar.

HDFC Bank launched India's first mobile payment solution.

The bank has opened its first branch in Aurangabad. HDFC Standard Life Insurance has entered into a memorandum of understanding with the Chennai-based Indian Bank.

A new company called SESAMi.com (India) has been formed by a strategic alliance between HDFC Bank and Singapore Telecom's e-commerce company SESAMi.com, to offer e-commerce solutions for the Indian market.

The Bank was Incorporated on August 30, 1994. A new private sector Bank promoted by Housing Development Finance Corporation Ltd (HDFC), a premier housing finance company. The bank is the first of its kind to receive an in-principle approval from the RBI for the establishment of a bank in the private sector. Certificate of Commencement of Business was received on October 10, 1994, from RBI.