What does HDFC mean?

What does HDFC mean?

Housing Development Finance Corporation Limited ( HDFC) is an Indian financial services company based in Mumbai, India. It is a major housing finance provider in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans.

What is the history of HDFC Bank?

HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.

What is HDFC Credila?

HDFC Credila is a non-banking finance company and was the first Indian lender to exclusively focus on education loans. The company lends to under-graduate and post-graduate students studying in India or abroad. HDFC holds approx. 90% shares in this company.

What is the market capitalisation of HDFC Life?

On 31 March 2013, its market capitalisation was INR 1.5 trillion (US$27.31 billion ), making it India’s seventh largest publicly traded company. HDFC holds approx. 51.7% of shares in HDFC Life.