Updated: 21-06-2022 06:16:59 AM
Housing Development Finance Corporation Limited, or HDFC in short, was incorporated in 1994 and its registered office was established in Mumbai, Maharashtra. It was the first institution to get approval from RBI to set up private sector bank. HDFC started its operations from 1995 as a Scheduled Commercial Bank. It is one of the premier housing finance companies in India. It has a strong hold in Indian and international banking market. HDFC has a large client base in corporate and household segment. The bank started its operations with the mission to be a world-class private sector Indian bank. The sole objective is to build customer-friendly franchises to serve the various customer segments. The bank has a network of 4,555 branches across 2,597 cities in India.