The amalgamation added significant value to HDFC Bank in terms of increased branch network, geographic reach, and customer base, and a bigger pool of skilled manpower. In October , the bank opened their first overseas commercial branch in Bahrain. The branch offers the bank's suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Non-resident Indians.
During the year , the Bank expanded their distribution network from 1, branches in cities to 1, branches in cities. During the year , the Bank expanded their distribution network from 1, branches in cities to 1, branches in Indian cities. In the year , HDFC Bank lunched the missed call banking service, allowing customers to use banking services without having to visit the Bank or connect online.
On 16 June, , HDFC Bank launched the second personal loan approval service thereby becoming the first in the retail lending space to fully automate the process of loan approval and disbursement. During the FY, the bank added branches taking its physical distribution network to 4, branches in cities and towns. Number of ATMs have been increased to 12, Further the bank grew its customer base to 4.
As a major portion of these deposits were for a 3-year tenor, they came up for redemption during September-November USD 3.
During the fiscal ,the bank added 72 banking outlets and taking the total to across cities and towns. The number of ATMs also increased, to 12, from 12, The number of customers of the bank catered to as on 31 March was over 4. The bank raised Rs 23, During the fiscal ,the bank was named India's most valuable brand for the fourth year in a row in the BrandZ survey of Top 50 Most Valuable Indian Brands.
During the FY, the bank added Banking Outlets and taking the total to 5, spread across 2, cities and towns. The number of ATMs also increased to 13, from 12, The total number of customers the bank catered to as on 31 March was over 4.
During the FY, the bank added Banking Outlets and taking the total to 5, across 2, cities and towns. The total number of customers the bank catered to as on 31 March was over 5. During the FY, the bank has won the following important awards: a. Asiamoney Best Bank Award for Best domestic bank. Subsequently, the lockdown has been lifted by the government outside containment zones. The impact of COVID, including changes in customer behavior and pandemic fears, as well as restrictions on business and individual activities, has led to significant volatility in global and Indian financial markets and a significant decrease in global and local economic activity, which may persist.
While there has been a gradual pickup in economic activity since the easing of lockdown measures, the continued slowdown led to a decrease in loan originations, the sale of third party products, the use of credit and debit cards by customers and the efficiency in collection efforts.
The slowdown may lead to a rise in the number of customer defaults and consequently an increase in provisions thereagainst. The merged entity now holds a strong deposit base of around Rs.
The balance sheet size of the combined entity would be over Rs. The amalgamation added significant value to HDFC Bank in terms of increased branch network, geographic reach, and customer base, and a bigger pool of skilled manpower. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers.
The bank has three key business segments:. Get Loan Online. Earn High Returns on FD. Compare Rates. HDFC Bank offer loan against property at a low rate of 8. HDFC Bank offers high returns upto 6. Related Topics. Home Loan Home Loan at all-time low rates starting at 6. Personal Loan Instant Personal Loan starting at Check Offers. Financial Services Leading private banks in India by asset.
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