Credit Research

May 19th 2021

HDFC Bank Ltd

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The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalization of the Indian Banking Industry in 1994. The bank was founded in August 1994 in the name of ‘HDFC Bank Limited’. HDFC Bank is promoted by HDFC Ltd. Currently, HDFC Bank Ltd. (HBL) is the largest private sector bank in India.

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Subhasis Mishra
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