In the same year, HDFC Bank launched its Initial Public Offer (IPO). In February 1995, HDFC Bank opened the doors of its first corporate office at Sandoz House, Mumbai. The following year, HDFC Bank received its banking license. The bank was incorporated as ‘HDFC Bank Limited’. HDFC Bank started in August 1994 after Housing Development Finance Corporation (HDFC) received approval from the Reserve Bank of India (RBI) to set up a private sector bank. HDFC Bank provides financial products and services to customers across the country.
HDFC Bank is headquartered in Mumbai, Maharashtra. HDFC Bank is one of India’s leading private-sector banks.
