| HDFC Bank Limited provides various banking and financial services to corporations, and middle and upper income individuals in India. The bank primarily operates through three divisions that include wholesale banking, retail banking, and treasury operations. HDFC Bank, through its wholesale banking division, provides loans, deposit products, documentary credits, guarantees, bullion trading, foreign exchange, and derivative products. It also provides cash management services, clearing and settlement services for stock exchanges, tax and other collections for the government, custody services for mutual funds, and correspondent banking services. The bank, through its retail banking division, provides various deposit products, as well as loans, bill payment services, credit cards, debit cards, third party distribution, investment advisory services, card and automated teller machine (ATM) acquiring transactions, and depositary services. Its treasury division provides foreign exchange and derivative products. The bank also provides telephone banking, NetBanking, Internet banking, and mobile telephone banking services. As of March 31, 2004, HDFC Bank operated through 312 branches and 910 ATMs. The bank was incorporated in 1994 and is headquartered in Mumbai, India. |
