Importance Of HDFC Bank

HDFC Bank playing an important role in the development and growth of the India Mortgage Market, do you agree with this statement , if yes then would you plz give me your review for it ??

HDFC (Housing Development Financial Corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

Yes as per me HDFC Bank playing an important role in the development and growth of the India Mortgage Market:

The salient features of the of HDFC Bank Mortgage service

The mortgage based loans provided in order to acquire real estate for commercial purposes, and as working capital

The funding is done upto 3/4 of the cost of the project and the balance is the customers contribution

The documentation is minimal

The customer has to provide collateral securities against the loan

Bank profile:

Type Public
Traded as BSE: 500180
NSE: HDFCBANK
NYSE: HDB
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, Financial services
Founded August 1994
Headquarters Mumbai, Maharashtra, India
Area served India
Key people Aditya puri (MD)
Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Revenue 74,373 crore (US$12 billion) (2016)
Profit 12,817 crore (US$2.0 billion) (2016)
Total assets 86,384,021 lakh (US$130 billion) (2016)
Number of employees 84,325 (March 2017)

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Answered By StudyChaCha Member