HDFC Full Form | What Does HDFC Stand For?

HDFC: Housing Development Finance Corporation

HDFC Full Form

HDFC Full form is Housing Development Finance Corporation. HDFC Bank Limited is an Indian bank and financial services company headquartered in Mumbai, Maharashtra. It is a well-known company in housing finance in India, it mainly provides housing loans to low and middle-income groups for buying homes and building housing projects.

HDFC Full Form

As of June 30, 2019, it had 104,154 regular employees. In terms of assets, HDFC Bank is the largest private bank in India. As of March 2020, it is the largest bank in India by market value. Its main objective is to improve the stock of residential housing by systematically providing housing finance, and increase homeownership in the country.

History

HDFC Bank was established in the year 1994 and its registered office is located in Mumbai, Maharashtra, India. It is promoted by the Indian Industrial Credit and Investment Corporation. Union Finance Minister Manmohan Singh (Manmohan Singh) delivered the opening speech of the company’s first office and full-service branch opened at Sandoz House in Worli.

As of June 30, 2019, our distribution network covered 5,500 branches in 2,764 cities. In the fiscal year 2017, the bank also installed 430,000 POS devices and issued 23,570,000 debit cards and 12 million credit cards.

Major Subsidiaries & Associates

  • HDFC Bank
  • HDFC Standard Life Insurance Company Limited
  • HDFC Asset Management Company
  • HDFC ERGO General Insurance Company
  • GRUH Finance
  • HDFC Property Fund
  • HDFC RED
  • HDFC Credila Financial Services

What Is The Full Form Of HDFC?

HDFC Full Form is Housing Development Finance Corporation. HDFC is an Indian financial services company headquartered in Mumbai, India. It is a major provider of housing finance in India and also has operations in banking, life insurance, general insurance, asset management, venture capital, real estate, education, deposits, and education loans.

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