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{{short description|Indian banking and financial services company}}
{{for|its subsidiary|Housing Development Finance Corporation}}
{{Use Indian English|date=December 2020}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
| name = HDFC Bank Limited
| logo = HDFC Bank Logo.svg
| image =
| image_caption =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|HDFCBANK}}|{{BSE|500180}}|{{NYSE|HDB}} (ADS)|[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}}
| logo_caption =
| area_served = India
| key_people = {{ubl|[[Atanu Chakraborty]] (chairman)<ref>{{cite news|url=https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|title=RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank|publisher=thehindu.com|access-date=22 April 2021|archive-date=23 April 2021|archive-url=https://web.archive.org/web/20210423060640/https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|url-status=live}}</ref>| [[Sashidhar Jagdishan]] ([[Chief executive officer|CEO]])}}
| ISIN = {{ISIN|sl=n|pl=y|INE040A01034}}
| industry = [[Banking]] [[Financial services]]
| products = {{ubl|[[Retail banking|Consumer banking]]|[[Commercial banking]]|[[Insurance]]|[[Credit cards]]|[[Investment banking]]|[[Mortgage loan]]s|[[Private banking]]|[[Private equity]]|[[Investment management]]|[[Asset management]]|[[Wealth management]]|[[Stockbroking]]<ref name="AR201213">{{cite web|url = http://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01|title = Balance Sheet of HDFC Bank|publisher = moneycontrol|access-date = 7 January 2016|archive-date = 4 April 2020|archive-url = https://web.archive.org/web/20200404003111/https://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01|url-status = live | last1=Com | first1=Moneycontrol }}</ref>}}
| revenue = {{increase}} {{INRConvert|4.70|lc|lk=on}}
| revenue_year = 2025
| operating_income = {{increase}} {{INRConvert|96242|c}}
| income_year = 2025
| net_income = {{increase}} {{INRConvert|70792|c}}
| net_income_year = 2025
| assets = {{increase}} {{INRConvert|39.10|lc}}
| assets_year = 2025
| equity = {{increase}} {{INRConvert|5.17|lc}}
| equity_year = 2025
| num_employees = {{formatnum:214521}} (FY25)<ref name=arep>{{Cite web|publisher=Business Standard|title=HDFC Bank headcount declines|url=https://www.business-standard.com/industry/banking/hdfc-bank-adds-1k-employees-in-fy25-icici-s-headcount-drops-by-6-723-125042201115_1.html|access-date=23 April 2025}}</ref>
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India
| num_locations = 9,545 branches 21,417 ATMs<ref>{{Cite web |title=Who We Are – Overview of Our Mission & Values {{!}} HDFC Bank |url=https://www.hdfc.bank.in/about-us/who-we-are |access-date=2025-12-17 |website=www.hdfc.bank.in |language=en-IN}}</ref>
| foundation = {{start date and age|df=y|p=y|August 1994}}
| homepage = {{Official URL}}
| subsid = [[HDFC Life]] [[HDFC ERGO General Insurance Company|HDFC ERGO]] HDFC Securities<ref>{{cite web |last1=Securities |first1=HDFC |title=About Us |url=https://www.hdfcsec.com/article/about-us-1647 |website=hdfcsec.com |access-date=9 December 2020 |archive-date=11 January 2021 |archive-url=https://web.archive.org/web/20210111041928/https://www.hdfcsec.com/article/about-us-1647 |url-status=live }}</ref> HDFC AMC (HDFC Mutual Fund) HDB Financial Services<ref>{{cite news |title=How HDB Financial Services Can Add To HDFC Bank's Long Rally |url=https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html |access-date=26 April 2021 |work=Moneycontrol |archive-date=26 April 2021 |archive-url=https://web.archive.org/web/20210426121321/https://www.moneycontrol.com/news/business/moneycontrol-research/how-hdb-financial-services-can-add-to-hdfc-banks-long-rally-3707561.html |url-status=live }}</ref> HDFC Capital Advisors
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Financial Results Q4FY25 |url=https://www.hdfc.bank.in/content/dam/hdfcbankpws/in/en/pdf/financial-results/2024-2025/quarter-4/financial-results-for-the-quarter-and-year-ended-March-31-2025.pdf |publisher=HDFC Bank |access-date=11 December 2025}}</ref><ref>{{cite web |title=Q4FY25 Earnings Presentation |url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/About%20Investor%20Relations/pdf/2024/march/Q4FY25-Earnings-Presentation.pdf |publisher=HDFC Bank |access-date=11 December 2025 |date=19 April 2025}}</ref>
}}

'''HDFC Bank Limited''' is an Indian [[banking]] and [[financial services]] company headquartered in [[Mumbai]]. It is India's largest private sector bank by assets and market capitalisation.<ref>{{cite web |title=Top companies in India by total assets |url=https://www.moneycontrol.com/stocks/marketinfo/totassets/bse/bank-private.html |publisher=Moneycontrol |access-date=10 January 2025}}</ref> In 2025 HDFC became the 10th largest bank in the world by market capitalisation.<ref>{{Cite web |date=2025-05-02 |title=Top 10 largest banks in the world by market cap (2025): Indian bank in the global 10 |url=https://indianexpress.com/article/trending/top-10-listing/top-10-largest-banks-in-the-world-by-market-cap-2025-9978985/ |access-date=2025-10-23 |website=The Indian Express |language=en}}</ref>

The [[Reserve Bank of India]] (RBI) has identified the HDFC Bank, [[State Bank of India]], and [[ICICI Bank]] as [[Systemically important financial institution|Domestic Systemically Important Banks]] (D-SIBs), which are often referred to as banks that are “[[too big to fail]]”.<ref>{{cite web |url=https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54979 |title=RBI releases 2022 list of Domestic Systemically Important Banks (D-SIBs) |date=2 January 2023 |website=rbi.org.in |publisher=RBI |access-date=6 December 2023 |quote=State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs.}}</ref><ref>{{cite news |last= |first= |date=2 January 2023 |title=RBI releases Domestic Systemically Important Banks (D-SIBs) of 2022 |url=https://www.livemint.com/news/india/rbi-releases-domestic-systemically-important-banks-d-sibs-of-2021-list-here-11672660568619.html |work=Livemint |location=New Delhi |access-date=6 December 2023}}</ref>

As of April 2024, HDFC Bank has a market capitalization of $145 billion making it the third-largest company on the Indian stock exchanges.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|title=Largest bank by Market capitalization|website=MoneyControl|access-date=1 October 2014|archive-date=6 June 2021|archive-url=https://web.archive.org/web/20210606043759/https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|url-status=live}}</ref> In 2023, it was the [[List of largest employers in India|sixteenth largest employer in India]] with over 173,000 employees, after its [[takeover]] of parent company [[Housing Development Finance Corporation]].<ref>{{Cite web |title= Financial Results (Indian GAAP) for the Quarter and Year Ended March 31, 2023 |url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Press-Release-March-2023.pdf|date= 31 March 2023 |website= hdfcbank.com |publisher= HDFC Bank |access-date= 16 November 2023 |page= 4}}</ref><ref>{{Cite web|url=https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|title=HDFC Bank: Number of Employees 2006–2021 | HDB|website=macrotrends.net|access-date=22 May 2021|archive-date=22 May 2021|archive-url=https://web.archive.org/web/20210522071805/https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|url-status=live}}</ref>

[[File:EXCON 2025, Bangalore International Exhibition Centre (396).jpg|thumb|right|HDFC Bank at [[EXCON]] 2025, [[Bangalore International Exhibition Centre|BIEC]] ]]

== History ==
HDFC Bank was incorporated in 1994 as a subsidiary of [[Housing Development Finance Corporation|HDFC Ltd]], which received an 'in principle' approval from the RBI to set up a bank in the Private Sector as part of its [[Economic liberalisation in India|liberalisation]] of the Indian banking industry.<ref>{{cite web |url=https://www.hdfcbank.com/personal/about-us/overview/who-we-are |title=About HDFC Bank |website=hdfcbank.com |publisher=HDFC Bank |access-date=6 December 2023}}</ref><ref>{{cite web |url=https://www.careratings.com/upload/CompanyFiles/PR/202305140546_HDFC_Bank_Ltd.pdf |title=HDFC Bank Ltd |date=2 May 2023 |website=careratings.com |publisher=CARE Ratings |access-date=6 December 2023 |quote=The Housing Development Finance Corporation Limited (HDFC) was among the first institutions to receive an 'in principle' approval from RBI to set up a bank in the private sector, as part of the RBI's liberalization of the Indian banking industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited' (HBL), with its registered office in Mumbai, India.}}</ref> The bank commenced operations in January 1995, with its registered office in [[Mumbai]].<ref>{{Cite web|url=http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports|title=HDFC Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of HDFC Bank|website=profit.ndtv.com|access-date=16 July 2016|archive-date=9 July 2016|archive-url=https://web.archive.org/web/20160709001214/http://profit.ndtv.com/stock/hdfc-bank-ltd_hdfcbank/reports|url-status=live}}</ref> Its first corporate office and a full-service branch at Sandoz House, [[Worli]], was inaugurated by the then [[Ministry of Finance (India)|Union Finance Minister]], [[Manmohan Singh]].{{Citation needed|date=January 2022}}

In February 2000, [[Times Bank]] merged with HDFC Bank, which was India's first-ever voluntary merger of banks.<ref>{{cite news |title=Hdfc, Timesbank Merger By Feb 25 |url=https://www.business-standard.com/article/specials/hdfc-timesbank-merger-by-feb-25-100021901051_1.html |access-date=12 May 2024 |work=Business Standard}}</ref> Times Bank was established by India's largest media conglomerate, [[The Times Group]].<ref>{{Cite news|last=Bandyopadhyay|first=Tamal|url=https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html|title=A Bank for the Buck|date=19 November 2012|work=Livemint|access-date=27 March 2020|archive-date=3 April 2020|archive-url=https://web.archive.org/web/20200403234024/https://www.livemint.com/Industry/R9RVglpE4GP7OdDFN9wRPO/Bank-for-the-buck.html|url-status=live}}</ref>

In July 2001, HDFC Bank's [[American depository receipt|ADS]] listed on the [[New York Stock Exchange]] after an IPO.<ref>{{cite news |title=HDFC Bank prices ADS at $13.83: Reuters |url=https://www.rediff.com/money/2001/jul/20hdfc1.htm |access-date=8 May 2024 |work=Rediff.com}}</ref>

In 2008, HDFC Bank acquired the [[Centurion Bank of Punjab]] (CBoP) for {{INRconvert|9510|c|mode=historical|lk=c|year=2008}} in a [[Stock swap|share-swap]] deal, reportedly the largest acquisition in the Indian financial sector at the time.<ref>{{cite news |title=HDFC Bank buys Centurion in India's biggest financial sector buyout |url=https://www.nytimes.com/2008/02/24/business/worldbusiness/24iht-indiabank24.10327786.html |access-date=8 May 2024 |work=The New York Times |date=4 December 2008}}</ref>

In 2021, the bank acquired a 9.99% stake in Ferbine, an entity promoted by [[Tata Group]], to operate a pan-India umbrella entity for retail payment systems, similar to the [[National Payments Corporation of India]].<ref>{{Cite web|title=Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine|url=https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|access-date=4 March 2021|website=Moneycontrol|date=26 February 2021 |archive-date=14 April 2021|archive-url=https://web.archive.org/web/20210414103152/https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|url-status=live}}</ref>

=== HDFC Ltd–HDFC Bank merger ===
On 4 April 2022, [[Housing Development Finance Corporation|HDFC Ltd]] announced that it would merge with HDFC Bank, marking India's largest-ever [[Mergers and acquisitions|M&A deal]].<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/hdfc-to-merge-with-hdfc-bank-in-indias-biggest-ever-ma/articleshow/90651390.cms|title = HDFC HDFC Bank Merger: HDFC to merge with HDFC Bank in India's biggest-ever M&A | |website = [[The Times of India]]| date=5 April 2022 }}</ref><ref name="bloomberg_0623">{{cite news |last1=Singh |first1=Preeti |last2=Patil |first2=Divya |title=Bank Giant Bigger Than Morgan Stanley Arises From India Merger |url=https://www.bloomberg.com/news/articles/2023-06-30/india-s-hdfc-vaults-into-ranks-of-world-s-most-valuable-banks?fromMostRead=true&sref=CIpmV6x8 |work=Bloomberg.com |date=30 June 2023 |language=en}}</ref> As part of the merger, HDFC Ltd would transfer its [[mortgage|home loan]] portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the [[interest rate]] that the bank was then offering.<ref>{{Cite news |last=Kulkarni |first=Sneha |date=3 July 2023 |title=What is the HDFC Bank-HDFC merger date |work=The Economic Times |url=https://economictimes.indiatimes.com/wealth/save/what-is-the-hdfc-bank-hdfc-merger-date/articleshow/101414476.cms |access-date=4 July 2023 |issn=0013-0389}}</ref>

On 1 July 2023, the merger of HDFC Ltd with HDFC Bank was completed.<ref name="hd4">{{cite news |title=HDFC Bank completes merger with HDFC after final board approval |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-completes-merger-with-hdfc-after-final-board-approval/articleshow/101402111.cms |access-date=27 December 2023 |publisher=The Economic Times |date=1 July 2023}}</ref><ref name="hd3">{{cite news |last1=Mishra |first1=Lalatendu |title=HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches |url=https://www.thehindu.com/business/Industry/hdfc-bank-completes-merger-formalities-rebrands-hdfc-ltd-offices-branches/article67030718.ece |access-date=27 December 2023 |work=The Hindu |date=1 July 2023 |language=en-IN}}</ref> Consequently, HDFC Bank had a [[Market capitalization|market capitalisation]] of $154 billion, becoming the seventh most valuable bank in the world. HDFC Bank also became one of the [[List of largest banks|world's top 100 banking companies]] by total assets.<ref name="hd1">{{cite news |title=HDFC Ltd-HDFC Bank merger: Behind Sashi Jagdishan's big plans for HDFC Bank |url=https://www.businesstoday.in/magazine/the-buzz/story/hdfc-ltd-hdfc-bank-merger-behind-sashi-jagdishans-big-plans-for-hdfc-bank-390643-2023-07-20 |access-date=27 December 2023 |publisher=Business Today |date=20 July 2023 |language=en}}</ref><ref name="hd2">{{cite news |last1=Mascarenhas |first1=Rajesh |title=HDFC Bank becomes world's 7th largest lender post merger |url=https://economictimes.indiatimes.com/markets/stocks/news/hdfc-bank-becomes-worlds-7th-largest-lender-post-merger/articleshow/101840225.cms |access-date=27 December 2023 |publisher=The Economic Times |date=18 July 2023}}</ref>

The combined entity had a customer base of 12 crore (120 million), surpassing the population of Germany in size.<ref name="hd5">{{cite news |date=30 June 2023 |title=Bank giant bigger than Morgan Stanley arises from HDFC Bank, HDFC Ltd merger |url=https://timesofindia.indiatimes.com/business/india-business/bank-giant-bigger-than-morgan-stanley-arises-from-hdfc-bank-hdfc-ltd-merger/articleshow/101380691.cms?from=mdr |access-date=27 December 2023 |work=The Times of India}}</ref> The merger resulted in a substantial increase in bank headcount, with the workforce totaling 1.77 lakh (177k) employees. The merged entity became the second-largest bank in India, trailing only the [[State Bank of India]] in terms of assets.<ref name="hd8">{{cite news |date=3 July 2023 |title=Spotlight on HDFC Ltd and HDFC Bank Merger ! |url=https://www.cnbctv18.com/business/companies/hdfc-ltd-and-hdfc-bank-merger-record-date-ftse-nifty-sensex-msci-mutual-funds-17103621.htm |access-date=27 December 2023 |publisher=CNBCTV18 |language=en}}</ref> The number of branches increased to 8,300.<ref name="hd6">{{cite news |date=1 July 2023 |title=HDFC Ltd and HDFC Bank complete their merger today: Take a look at what's happened so far |url=https://www.zeebiz.com/personal-finance/banking/news-hdfc-ltd-completes-its-merger-with-and-hdfc-bank-today-sashidhar-jagdishan-home-loans-nse-bse-242387 |access-date=27 December 2023 |publisher=Zee Business}}</ref>

Shares of HDFC Ltd were delisted and shareholders were allotted 42 shares of HDFC Bank for every 25 shares of HDFC Ltd held,<ref name="hd9">{{cite news |title=HDFC-HDFC Bank merger likely to be effective July 1, HDFC to be delisted on July 13: Deepak Parekh |url=https://www.businesstoday.in/industry/banks/story/hdfc-hdfc-bank-merger-to-be-effective-july-1-hdfc-to-be-delisted-july-13-deepak-parekh-387245-2023-06-27 |access-date=27 December 2023 |publisher=Business Today |date=27 June 2023 |language=en}}</ref> leading to an increase in the equity capital of HDFC Bank.<ref name="hd7">{{cite news |last1=Tan |first1=Charmaine Jacob, Joanna |title=India's HDFC Bank completes $40 billion takeover of the country's largest mortgage lender. Here's what it means |url=https://www.cnbc.com/2023/07/03/indias-hdfc-bank-completes-40-billion-merger-with-mortgage-lender-hdfc.html |access-date=27 December 2023 |publisher=CNBC |date=3 July 2023 |language=en}}</ref>

== Operations ==
[[File:HDFC Bank.jpg|thumb|A branch of HDFC Bank in [[Hyderabad]]]]
As of March 2024, HDFC Bank's distribution network included 8,735 branches and 20,938 ATMs (cash recyclers; cash deposit and withdrawal) spread throughout 3,836 cities and villages. The distribution network of HDFC Ltd., which consists of 737 locations and includes 214 offices of HDFC Sales Private Limited, has been integrated into the network of the Bank.{{Citation needed|date=January 2026}}

HDFC Bank is the sole private bank operating in the union territory of [[Lakshadweep]] after opening a branch in [[Kavaratti]] island.<ref>{{Cite web |date=10 April 2024 |title=Sole Private Bank Operator in UT Lakshdweep |url=https://indianexpress.com/article/business/hdfc-bank-first-private-bank-brach-office-in-lakshadweep-kavaratti-9261984/ |access-date=12 April 2024 |website=The Indian Express}}</ref>

== Subsidiaries and associates ==
Notable subsidiaries and associate companies of HDFC Bank include:
{| class="wikitable"
|-
!Name
!Type
!Ownership stake
!{{Reference column heading}}
|-
| [[HDFC Life]]
| [[Life insurance]]
| 50.37%
|<ref>{{cite web |title=HDFC Life Insurance Company Limited |url=https://www.icra.in/Rationale/ShowRationaleReport/?Id=126945 |website=ICRA |access-date=8 May 2024}}</ref>
|-
| [[HDFC ERGO General Insurance Company|HDFC ERGO]]
| [[General insurance]]
| 50.48%
|<ref>{{cite web |title=HDFC ERGO General Insurance Company Limited |url=https://www.careratings.com/upload/CompanyFiles/PR/202311121118_HDFC_ERGO_General_Insurance_Company_Limited.pdf |website=CARE Ratings |access-date=8 May 2024}}</ref>
|-
| HDFC Asset Management Company
| [[Mutual funds]]
| 52.55%
|<ref>{{cite web |title=HDFC Asset Management Company Limited |url=https://www.marketscreener.com/quote/stock/HDFC-ASSET-MANAGEMENT-COM-45228895/company/ |website=MarketScreener |access-date=8 May 2024}}</ref>
|-
| HDFC Securities
| [[Stockbroking]]
| 95.48%
|<ref>{{cite web |title=HDFC Securities Limited |url=https://www.careratings.com/upload/CompanyFiles/PR/202312131236_HDFC_Securities_Limited.pdf |website=CARE Ratings |access-date=8 May 2024}}</ref>
|-
| HDB Financial Services
| [[Consumer debt|Consumer finance]]
| 94.84%
|<ref>{{cite web |title=HDB Financial Services Limited |url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/HDBFinancialServicesLimited_December%2007,%202023_RR_332383.html |website=CRISIL |access-date=8 May 2024}}</ref>
|-
| HDFC Capital Advisors
| [[Private equity real estate]]
| 90%
|<ref>{{cite news |title=HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr |url=https://www.business-standard.com/article/companies/hdfc-divests-10-stake-in-hdfc-capital-advisors-to-adia-for-rs-184-cr-122052600885_1.html |access-date=8 May 2024 |work=Business Standard}}</ref>
|-
| HDFC Credila
| [[Student loan|Education finance]]
| 9.99%
|<ref>{{cite news |title=HDFC Bank completes Rs 9,553 cr stake sale in education unit HDFC Credila |url=https://www.business-standard.com/companies/news/hdfc-bank-completes-rs-9-553-cr-stake-sale-in-education-unit-hdfc-credila-124032100231_1.html |access-date=8 May 2024 |work=Business Standard}}</ref>
|}
[[File:HDFC Bank, Hathibarkala Branch.jpg|thumb|An HDFC Bank branch located in [[Dehradun]]]]

== Listings and shareholding ==
The [[equity shares]] of HDFC Bank are listed on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India]]. Its [[American depositary receipt]]s are listed on the [[NYSE]].<ref>{{Cite web|title=HDFC bank: Information about American Depository Receipt|url=https://www.hdfcbank.com/personal/about-us/investor-relations/adr|url-status=live|website=hdfc bank|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022112314/https://www.hdfcbank.com/personal/about-us/investor-relations/adr}}</ref>

Its [[global depository receipt]]s (GDRs) were listed on the [[Luxembourg Stock Exchange]] but were terminated by the board of directors, following its low trading [[Volume (finance)|volume.]]<ref>{{cite web |title=HDFC Bank's Global Expansion |url=https://www.brutimes.com/news/business/hdfc-banks-global-expansion |website=Bru Times News |language=en}}</ref><ref>{{Cite news|title=HDFC Bank terminates, de-lists GDRs from Luxembourg Stock Exchange|work=The hindu Business line|location=New Delhi|publication-place=New delhi|publication-date=16 July 2019|url=https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022110810/https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|url-status=live}}</ref>

== Controversies ==

On 2 December 2020, the [[Reserve Bank of India]] (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program, citing incidents of outages in the bank's internet banking, mobile banking and payment utility services.<ref>{{Cite web|title=RBI asks HDFC Bank to halt issue of new credit cards, planned activities under Digital 2.0|url=https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html|url-status=live|archive-url=https://web.archive.org/web/20201207105648/https://www.moneycontrol.com/news/business/rbi-halts-hdfc-bank-digital-activities-asks-bank-to-stop-sourcing-new-credit-card-customers-after-multiple-digital-failures-6183521.html|archive-date=7 December 2020|access-date=11 February 2022|website=Moneycontrol|date=3 December 2020 |language=en}}</ref><ref>{{Cite web|date=8 December 2020|title=Explained: Why RBI has asked HDFC Bank to stop digital launches, new credit card sourcing|url=https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/|access-date=8 December 2020|website=The Indian Express|language=en|archive-date=8 December 2020|archive-url=https://web.archive.org/web/20201208100906/https://indianexpress.com/article/explained/hdfc-bank-rbi-action-explained-7083629/|url-status=live}}</ref>

On 29 January 2020, RBI imposed a monetary penalty on HDFC Bank for failure to undertake ongoing due diligence in case of 39 current accounts opened for bidding in the [[Initial public offering|initial public offer]].<ref>{{Cite web|url=https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49273|title=RBI imposes penalty on HDFC bank|website=rbi.org.in|access-date=29 January 2020|archive-date=30 January 2020|archive-url=https://web.archive.org/web/20200130070954/https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx%3Fprid%3D49273|url-status=live}}</ref>

A HDFC Bank manager was arrested on charges of fraud, involving a sum of ₹59,41,000 in [[Odisha]].<ref>{{Cite web|url=https://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html|title=A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha|website=The New Indian Express|access-date=16 August 2019|archive-date=5 October 2019|archive-url=https://web.archive.org/web/20191005153615/http://www.newindianexpress.com/states/odisha/2019/sep/16/former-hdfc-bank-manager-arrested-for-rs-5941-lakh-fraud-in-odisha-2034332.html|url-status=live}}</ref>

Altico Capital and [[Dubai]]'s [[Mashreq (bank)|Mashreq Bank]] have approached RBI, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms|title=Altico and Mashreq approach RBI against HDFC Bank|website=The Economic Times|access-date=13 October 2019|last1=Das|first1=Saikat|archive-date=12 October 2019|archive-url=https://web.archive.org/web/20191012181759/https://economictimes.indiatimes.com/industry/banking/finance/banking/altico-and-mashreq-approach-rbi-against-hdfc-bank/articleshow/71546523.cms|url-status=live}}</ref>

On 27 May 2021, RBI imposed a penalty of {{INRconvert|10|c|mode=historical|lk=|year=2021}} on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio. The said penalty was imposed with regard to the contraventions of certain provisions of the [[Banking Regulation Act, 1949]].<ref>{{Cite news|title=Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank|work=The indian express|url=https://indianexpress.com/article/business/reserve-bank-imposes-rs-10-crore-penalty-on-hdfc-bank-7335173/|access-date=23 October 2021|archive-date=23 October 2021|archive-url=https://web.archive.org/web/20211023031340/https://indianexpress.com/article/business/reserve-bank-imposes-rs-10-crore-penalty-on-hdfc-bank-7335173/|url-status=live}}</ref>

In March 2023, HDB Financial Services suffered a breach exposing the data of more than 7 crore (70 million) customers, including email addresses, names, dates of birth, phone numbers, genders, [[Postal code|post codes]] and loan information belonging to the customers.<ref>{{Cite news |date=7 March 2023 |title=HDB Financial Services flags data breach at service provider |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/hdb-financial-services-flags-data-breach-at-service-provider/articleshow/98483482.cms |access-date=27 June 2023 |issn=0013-0389}}</ref>

In June 2025, HDFC Bank's [[Managing director|Managing Director]] and [[Chief executive officer|CEO]], [[Sashidhar Jagdishan]], was named in a [[First Information Report]] (FIR) filed by the [[Lilavati Hospital|Lilavati Kirtilal Mehta Medical Trust]], which manages [[Lilavati Hospital]] in [[Mumbai]]. The complaint alleged his involvement in a financial transaction worth ₹2.05 crore, reportedly aimed at pressuring a trustee of the hospital. This action was linked to a long-standing loan recovery dispute involving Splendour Gems Limited, originating from a recovery certificate issued in 2004.<ref>{{Cite news |last=Mishra |first=Lalatendu |date=2025-06-07 |title=HDFC Bank denies allegations against MD & CEO Jagdishan, says recalcitrant defaulters at work to thwart recovery |url=https://www.thehindu.com/business/Industry/hdfc-bank-denies-allegations-against-md-ceo-jagdishan-says-recalcitrant-defaulters-at-work-to-thwart-recovery/article69669694.ece |access-date=2025-06-09 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref><ref>{{Cite web |date=2025-06-09 |title=HDFC Bank rubbishes Lilavati Trust's allegations against MD & CEO Sashidhar Jagdishan - know charges here |url=https://www.etnownews.com/companies/hdfc-bank-rubbishes-lilavati-trusts-allegations-against-md-ceo-sashidhar-jagdishan-know-charges-here-article-151816513 |access-date=2025-06-09 |website=ET Now |language=en}}</ref><ref>{{Cite news |date=2025-06-09 |title=Who is Sasidhar Jagdishan, MD and CEO of HDFC Bank named in Lilavti Trust FIR? |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-shares-who-is-sasidhar-jagdishan-md-and-ceo-of-hdfc-bank-accused-in-lilavti-trust-fir/articleshow/121720349.cms?from=mdr |access-date=2025-06-09 |work=The Economic Times |issn=0013-0389}}</ref>

== See also ==
{{Portal|Banks}}

* [[Aditya Puri]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of companies of India]]

== References ==
{{reflist}}

== Further reading ==
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2013 |title=A Bank for the Buck |title-link=A Bank for the Buck |publisher=Jaico Publishing House |page=344 |isbn=978-81-8495-396-1|author-link=Tamal Bandyopadhyay }}
* {{cite book |last=Bandyopadhyay |first=Tamal |date=2019 |title=HDFC Bank 2.0: From Dawn to Digital |publisher=Jaico Publishing House |isbn=978-93-88423-35-9|author-link=Tamal Bandyopadhyay }}
* {{Cite journal |last1=Agarwal |first1=Shilpa |last2=Malik |first2=Priyanka |last3=Gautam |first3=Shalini |date=9 February 2024 |title=Analysis of financial performance with regard to digital payment: a case of HDFC bank |url=https://link.springer.com/article/10.1007/s13198-023-02201-x |journal=International Journal of System Assurance Engineering and Management |publisher=[[Springer Nature]] |volume=15 |issue=6 |pages=2085–2096 |doi=10.1007/s13198-023-02201-x|url-access=subscription }}
* {{Cite book |last1=Devi |first1=Pooja |last2=Chauhan |first2=Riya |last3=Jain |first3=Ruchi |chapter=An Application of Fintech is Revolutionary in Indian Banking Sector: W.R.T. To HDFC Bank |date=14 February 2025 |pages=59–62 |title=2025 International Conference on Intelligent Control, Computing and Communications (IC3) |doi=10.1109/IC363308.2025.10957709 |isbn=979-8-3315-2749-5 |via=[[IEEE]]}}

== External links ==
{{Commons category|HDFC Bank}}
*{{Official website}}{{Finance links
| name = HDFC Bank
| symbol = HDB
| sec_cik = 1144967
}}

{{HDFC Group}}
{{Nifty 200 companies}}
{{Financial services in India|state=collapsed}}

{{Authority control}}

[[Category:Financial services companies based in Mumbai]]
[[Category:Banks established in 1994]]
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[[Category:HDFC Group]]
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[[Category:1994 establishments in Maharashtra]]
[[Category:Banks based in Mumbai]]
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[[Category:Companies listed on the Bombay Stock Exchange]]
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HDFC Bank - Revision history

FallonMansom317 at 08:56, 20 March 2026