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HDFC Bank Introduction
HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 1,04,154 permanent employees as of 30 June 2019. HDFC Bank is India’s largest private sector lender by assets
It is the largest bank in India by market capitalisation as of February 2016. It was ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands.
History Of HDFC Bank
HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.
As of June 30, 2019, the Bank's distribution network was at 5,130 branches across 2,764 cities. The bank also installed 4.30 Lakhs POS terminals and issued 235.7 Lakhs debit cards and 85.4 Lakhs credit cards in FY 2017
Service of HDFC Bank
HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. Along with this various digital products are Payzapp and SmartBUY etc.
Net banking
Net banking allows for customers of financial institutions to perform transactions online through a website interface. First introduced in 1994 by Stanford Federal Credit Union in 1994, net banking is now available across the spectrum of the financial industry, from traditional institutions to banks that exist only online.
Net banking is changing the ways that people interact with financial institutions by enabling transactions to be performed through personal computers and mobile devices. This access allows customers to be in virtual contact with their banks on a regular basis, while minimizing the time spent in a physical location. For example, smart-phone apps allow customers to make deposits by taking pictures of the front and back of checks, which eliminates the need to go to a brick and mortar location. Online banking also enables paperless bill paying, record keeping and money transfers between accounts.
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