About HDFC Bank Limited

HDFC Bank Limited is a publicly held banking company headquartered in Mumbai, governed by the Banking Regulation Act, 1949 and the Companies Act, 2013. The Bank and its subsidiaries provide a full spectrum of banking and financial services spanning retail and wholesale banking, treasury operations, insurance, asset management, stock broking and allied financial services. It also operates overseas branches in Bahrain, Hong Kong, Dubai and Singapore, along with an Offshore Banking Unit at International Financial Services Centre (IFSC), GIFT City, India . As on March 31, 2025, the network comprised 9,455 branches (including 5 overseas branches) and 9 Digital Banking Units; total banking outlets stood at 24,854, supported by 21,139 ATMs and Cash Recycler Machines and 15,399 Business Correspondents across 4,150 cities/towns.

HDFC Bank’s Key Milestones 

The Bank traces its origins to 1994, when it was incorporated after HDFC Limited received in-principle RBI approval to set up a private sector bank. Key early milestones include receipt of the banking licence in January 1995, an IPO oversubscribed 55 times, and listings on BSE and NSE in 1995. Notable integrations include the Times Bank merger (1999) and Centurion Bank of Punjab merger (2008), alongside the opening of its first overseas commercial branch in Bahrain (2008). More recently, the merger of HDFC Limited with and into HDFC Bank became effective on July 01, 2023, completing the product suite with home loans. In 2025, the Bank launched PIXEL, a new generation of digital credit cards. The number of subsidiaries has expanded from 2 to 14 post-merger, strengthening the Group’s ability to offer comprehensive solutions across customers’ financial lifecycles.

Products and services range from current and savings accounts, deposits, payments and cards to mortgages, vehicle and consumer loans, wealth management and foreign exchange. The Bank also distributes mutual funds as well as life, general and health insurance, complementing its core offerings with a deep suite of digital channels and platforms .

Key milestones achieved include overseas listings on the New York Stock Exchange (2001), the first international debit card in India (1999), and continued innovation in digital banking, payments and cards. The 2023 merger with HDFC Limited marked a watershed moment, creating one of India’s leading financial services groups with a large mortgage portfolio integrated into the Bank’s distribution and technology strengths .

HDFC Bank Limited Key Management

• Sashidhar Jagdishan – Managing Director and Chief Executive Officer
• Kaizad Bharucha – Deputy Managing Director
• Bhavesh Zaveri – Executive Director
• V. Srinivasa Rangan – Executive Director
• Srinivasan Vaidyanathan – Chief Financial Officer
• Ramesh Lakshminarayanan – Chief Information Officer
• Sanmoy Chakrabarti – Group Chief Risk Officer
• Ajay Agarwal – Company Secretary and Group Head – Secretarial & Group Oversight

Latest Updates on HDFC Bank Limited 

• Post-merger integration and governance: The Bank advanced integration across business lines and systems and instituted a formal Group Oversight Framework to align governance and risk practices across subsidiaries.
• Distribution expansion: 719 new branches were opened during the year, further strengthening reach across markets.
• Digital and payments: The Bank launched PIXEL digital credit cards in 2025, and was among the first to enable UPI QR code interoperability with Central Bank Digital Currency in 2024, underscoring its digital leadership.
• New economy focus: Introduced GIGA, a programme for the gig economy, and entered the payments aggregator cross-border business as an AD-1 Bank, onboarding its first client.
• Recognitions: Honours included Best Retail Bank in India (The Asian Banker Global Excellence in Retail Finance Awards 2025), India’s Best for HNW (Euromoney Private Banking Awards 2025), and inclusion as the only Indian bank among the Kantar BrandZ Top 100 Most Valuable Global Brands 2025.