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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [25] [26] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
A key early hire was HDFC Bank’s first chief executive: Aditya Puri, who served from 1994 to 2020. The Citigroup Malaysia executive was a breath of fresh air in India’s isolated financial ...
Aditya Puri is a senior advisor at The Carlyle Group. He was the managing director of HDFC Bank, India's largest private sector bank. [ 1][ 2] He assumed this position in September 1994. [ 3] Puri was the longest-serving head of any private bank in the country. [ 4] India Today ranked him at #24 in India's 50 Most Powerful People of 2017 list.
Atanu Chakraborty (born 5 April 1960) the chairperson of HDFC Bank.He was appointed by the Reserve Bank of India in April 2021. [2] [3] He is a retired 1985 batch officer of the Indian Administrative Service and Gujarat cadre, and served as Economic Affairs Secretary of India until his retirement in April 2020.
Housing Development Finance Corporation. Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. [ 9][ 10] It was the biggest housing finance company in India. [ 11] It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate ...
Known for. Founding HDFC and GRUH Finance Ltd. Hasmukh Thakordas Parekh (10 March 1911 – 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 ...
Shyamala Gopinath (born 20 June 1949) is Chairperson of HDFC Bank, India's largest lender by market capitalization. Ms. Gopinath is a former deputy governor of the Reserve Bank of India (RBI), a position she served for seven years.
The Housing Development Finance Corporation of Sri Lanka Act No. 7 of 1997 passed in the parliament of Sri Lanka. Under the act, the HDFC was established as a state-owned enterprise. The act was amended in 2003, allowing the HDFC to reestablish itself as a specialised bank. The bank was listed on the Colombo Stock Exchange in 2005.