What is the Full Form of HDFC – Housing Development Finance Corporation Limited

The full form of HDFC is “Housing Development Finance Corporation Limited”. The Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. It was founded in 1977 with the support from India’s business community, as the first specialised mortgage company in India and main company among HDFC group of companies. HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI). Hasmukhbhai Parekh played a key role in the foundation of this company which started with the main aim of solving the housing shortage in India and started rising steadily thereafter. Know more here.

HDFC Bank offers a variety of products and services such as

Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. “This (merger) process will take anywhere between 12 and 18 months because of the numerous approvals we need,” Parekh said in Mumbai. We also covered the full form of CEO and related information of HDFC.

Earlier we have seen the full form of HR and known about the CEO of HDFC. Founded in 1977 by Hasmukhbhai Parekh, the entrepreneur who would also develop the institution that became ICICI Bank, HDFC by now had a strong brand name as a trusted provider of housing finance. There were opportunities in what was happening in India. We have also known about the full form of HDFC and roles.

HDFC Bank Ltd is one of India’s premier banks. Headquartered in Mumbai, HDFC Bank is a new generation private sector bank providing a wide range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.

Now, HDFC bank is the current number one bank in India.

Private sector lender, HDFC Bank has been rated 27th safest bank in the world, according to the latest Bank Safety Ranking by ‘The Banker, a Financial Times publication. Here we have also discussed the full form of HDFC and its brief history.

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