3
Customer Driven Quality
The Housing Development Finance Corporation Limited (HDFC) was among 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 liberalisation of the Indian Banking Industry in 1994. A subsidiary of the Housing Development Finance Corporation, HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDFC Bank was promoted by HDFC Ltd in 1994, and Samir Bhatia was part of the six founding members of HDFC Bank, which included ...
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