What Is HDFC Fullform?

What is the work of HDFC Bank?

HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards.

Along with this various digital products are Payzapp and SmartBUY..

Is HDFC and HDB same?

HDB Financial Services Limited is a subsidiary company of HDFC Bank. … HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which is the richest bank in India?

State Bank of India1. State Bank of India. The oldest of the Indian Banking Sector, SBI is also the largest bank in India and now a fortune 500 company.

Is it good to buy HDFC shares?

However, according to the stock market experts, this incident may put the HDFC Bank share price under pressure for some time. However, for stock investors it would be a good opportunity to buy the banking stock at around Rs 1,050 to Rs 1,060 per stock levels for the target of Rs 1,400 in six month time-horizon.

Who is founder of HDFC Bank?

Hasmukhbhai ParekhHDFC Bank/Founders

Who is eligible for HDB loan?

You are a Singapore Citizen. Your gross monthly household income is less than $14,000 ($21,000 for extended families) You do not own, or have not owned any residential private property in the 30 months before the application for the HDB loan.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Is it safe to put money in HDFC Bank?

Yes, it is safe to keep money in private banks. In India, if any bank fails and has to go in for liquidation then a depositor can get up to Rs 1 lakh under the Deposit Insurance Scheme of RBI. … So Banks like ICICI Bank, HDFC Bank and SBI are safe.

Is HDFC Chinese bank?

China’s central bank sold some or all of its stake in India’s largest mortgage lender Housing Development Finance Corp Ltd (HDFC) in the June quarter, stock exchange filings show.

What is HDB full form?

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI’s liberalisation of the Indian Banking Industry in 1994.

Which is safest bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Is HDFC Bank Safe?

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs. The Indian banking system is safe and is focused to protect customers’ interests, according to the chiefs of the two largest banks in the country — State Bank of India (SBI) and HDFC Bank.

Which type of loan is best?

Most personal loans are unsecured with fixed payments. But there are other types of personal loans, including secured and variable-rate loans. The type of loan that works best for you depends on factors including your credit score and how much time you need to repay the loan.