It also wished him good luck for his future endeavors. Since the time the bank started functioning in , Puri has been at its helm and under his excellent leadership, the bank has scaled great echelons. Now, as he gets ready for his second innings and the new CEO prepares to carry on the glorious legacy, it would be intuitive to see the entire journey of how it all started, what the future holds for the bank, and is there any likelihood of key man risks.
Today, the bank boasts of a large network of 5, branches and 15, ATMs that spans across 2, cities and towns. It has a mission to become a world-class Indian bank. The bank aims to be a preferred banker to its retail and corporate clients.
On the same date ,00, equity shares were allotted to HDFC promoters. Another ,00, equity shares were allotted on private placement basis to Natwest Group on 9.
Its credit deposits ratio was This hub housed in 35, square feet of space, houses data of all the branches and facilitates the introduction of new products and services. Com Pvt Ltd. This is the first and only service of this sort in the country, he said.
IT, a wholly owned subsidiary of the National Stock Exchange, for providing payment gateway services for the latter's Internet trading operations. Thakur and Mr. Amit Judge, have resigned from the board of the bank effective from March The Board of Directors has accepted the same.
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A new private sector Bank promoted by housing Development Corporation Ltd. HDFC , a premier housing finance company. The bank is the first of its kind to receive an in-principle approval from the RBI for establishment of a bank in the private sector.
On the same date ,00, equity shares were allotted to HDFC promoters. Another ,00, equity shares were allotted on private placement basis to Natwest Group on 9. Its credit deposits ratio was This hub housed in 35, square feet of space, houses data of all the branches and facilitates the introduction of new products and services. Com Pvt Ltd. This is the first and only service of this sort in the country, he said.
The Financial Planner was a non-interactive product that was available for the customers. This product was available at the base price of Rs. The mass affluent segment could avail of the fee-based advisory program.
This program was earlier available only to the high net worth customers. The wealth management program was a highly beneficial initiative by the bank for the betterment of its customers. This program took into account various factors like the financial goal and the risk profile, including equity, customers age, MFs, and RBI Relief Bonds.
Arvind Pande was appointed as the Additional Director on the 15th of January His appointment was approved by the Board of Directors.
It was highlighted under Section of the Companies Act, This year the Board had appointed Mr. Ranjan Kapur and Mr. Bobby Parikh as the Additional Directors. The HDFC bank had introduced the concept of loyalty rewards. These rewards were specifically meant only for the credit and the debit cardholders.
This program was called the InstaWonderz. For this, it had launched a credit card with MasterCard International. Paresh Sukthankar and Mr. Harish Engineer as the Executive Directors. This was declared at the conference held on 12th October These gentlemen had been the senior employees of the since its initiation in The merger had taken place at a share swap ratio of The housing finance major of the HDFC bank had introduced a variable interest rate on the recurring deposits.
These interest rates were offered to attract long-term deposits. It was brought to the notice of the Board that the applicants withdraw their funds when the interest rates peak.
To avoid such circumstances, these rates were introduced. They held the record for organizing the largest blood donation drive on a single day across the globe. A digital bank was launched by the HDFC bank. This for intended only for the customers of small and medium enterprises.
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