HDFC Full Form: When it comes to financial institutions in India, the Housing Development Finance Corporation (HDFC) stands as a prominent name. It plays a significant role in the country's financial landscape. In this blog, we will explore what HDFC is all about, its history, its associations, and the services it offers.
HDFC, or Housing Development Finance Corporation Limited, is a renowned financial institution in India. Established in 1977, HDFC has played a pivotal role in the country's housing finance sector. It is not only one of the leading providers of home loans but also offers a wide range of financial services.
HDFC primary focus is on housing finance, making it easier for individuals to realize their dream of owning a home. Over the years, HDFC has earned a reputation for reliability, innovation, and customer-centricity, making it a trusted name in the Indian financial landscape.
The full form of HDFC is Housing Development Finance Corporation. HDFC is a financial services company in India. It was founded in 1994 and is headquartered in Mumbai.
Housing Development Finance Corporation, commonly known as HDFC, has a rich history dating back to its inception in 1977. It was founded by Hasmukhbhai Parekh, a visionary entrepreneur, with the objective of addressing the housing needs of the growing Indian population.
HDFC was established as India's first specialized mortgage company, and its primary mission was to provide financial support to individuals aspiring to own homes.
HDFC's journey began with the belief that owning a home should be within reach for every Indian. It started operations with the goal of offering housing finance solutions that were accessible and affordable. Over the years, HDFC has played a pivotal role in revolutionizing the housing finance sector in India.
In 1994, HDFC Bank was incorporated as a subsidiary of HDFC, expanding its financial services portfolio to include banking services. This move further strengthened HDFC's position as a prominent player in the financial industry.
Today, HDFC stands as a symbol of trust, reliability, and excellence in housing finance and related financial services in India. It has helped millions of individuals achieve their dream of homeownership, making a significant contribution to the growth of the Indian real estate sector.
Housing Development Finance Corporation (HDFC) is a leading financial institution in India that offers a wide range of financial services to individuals and businesses. Some of the key services offered by HDFC include:
These are some of the core services offered by HDFC, making it a comprehensive financial institution that caters to the diverse financial needs of its customers.
HDFC Bank, one of India's leading private sector banks, has several associates and subsidiaries that cater to a wide range of financial services. These entities contribute to the bank's diverse financial offerings and help it serve customers more comprehensively. Here are some notable associates and subsidiaries of HDFC Bank:
These associates and subsidiaries complement HDFC Bank's core banking services, allowing it to provide a holistic suite of financial solutions to its customers. They also contribute to the bank's reputation as a comprehensive financial services provider in India.
The core values and ideals of HDFC (Housing Development Finance Corporation) are integral to its operations and its long-standing success in the financial industry. These values define the company’s approach to business, customer relationships, and corporate responsibility. Here are the key core values and ideals that HDFC upholds:
The full form of HDFC is Housing Development Finance Corporation.
HDFC stands for Housing Development Finance Corporation, a leading Indian financial institution specializing in housing finance.
HDFC was established in 1977 as India's first specialized mortgage company.
HDFC Bank is an associate of HDFC, offering a wide range of banking and financial services.
HDFC offers services like home loans, loans against property, insurance, deposits, asset management, and real estate advisory.
HDFC's main aim is to provide financial assistance for buying or building homes, making homeownership accessible to many.
No, HDFC is a private sector company and not government-owned.
While HDFC and HDFC Bank are associated, you typically apply for home loans directly through HDFC for its housing finance services.
HDFC primarily operates in India, but it also has international subsidiaries and associates in countries like the UAE, the UK, and more.
HDFC is highly reputed and one of the most trusted names in the housing finance sector in India.
You can reach out to HDFC through its website, local branches, or customer service helplines for inquiries and services.
The CEO of HDFC Bank is Sashidhar Jagdishan. He took over as the CEO in October 2020.
HDFC (Housing Development Finance Corporation) was founded by Hasmukhbhai Parekh in 1977.
HDFC is a private sector financial institution. It is not government-owned.
HDFC Bank is owned by Housing Development Finance Corporation (HDFC), which is the parent company. However, HDFC Bank is a publicly traded company, and its shares are owned by institutional investors, individual investors, and mutual funds. HDFC holds a major stake in HDFC Bank.