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HDFC Bank Limited (also known as HDFC) is a foreign majority owned, Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's sixth-largest bank by market capitalization as of January 2024, following its takeover of parent company HDFC .
The HDFC was established under the National Housing Act No. 37 of 1957 and it commenced operations in June 1984. The Housing Development Finance Corporation of Sri Lanka Act No. 7 of 1997 passed in the parliament of Sri Lanka. Under the act, the HDFC was established as a state-owned enterprise. The act was amended in 2003, allowing the HDFC to ...
Website. www .idfcfirstbank .com. IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
HDFC Securities Ltd is the stock broking and distribution arm of the HDFC Group. It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE). In 2019, it entered into a partnership with Stockal, a US-based financial platform and launched GlobalInvesting.in, which allows its customers to directly invest ...
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The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
Yes Bank Limited is an Indian private sector bank founded by Rana Kapoor and Ashok Kapoor in 2005. It is a full-service commercial bank headquartered in Mumbai, offering a broad range of products, services, and digital solutions through its pan-India network of 1,198 branches, 193 BCBOs, and over 1,287 ATMs (including CRMs and BNAs) across more than 300 districts in India, catering to retail ...
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