Segregation of frontline sales activities and back office operations and post transaction monitoring processes are in place to ensure independent checks & balances and adherence to all the laid down policies and procedures of the bank. Any deviation is viewed very seriously and stringent action is taken both at an organizational and employee level.
We would like to assure our customers and other stakeholders that the bank has always adhered to the highest standards of compliance and corporate governance and will continue to do so.
About HDFC BANK
Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 26 million customers across hundreds of Indian cities using multiple distribution channels including a panIndia network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.
The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 17 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.
As of December 31, 2012, the Bank had a distribution network with 2,776 branches and 10,490 ATMs in 1,568 cities. For the quarter ended December 31, 2012, the Bank’s total income was INR 105.06billion (`10506.51crore) as against INR 86.22 billion (`8622.6 crore) for the quarter ended December 31, 2011. Net revenues (net interest income plus other income) were INR 55.977 billion (`5,597.7 crore) for the quarter ended December 31, 2012, as against INR 45.36 billion (`4,536 crore) for the corresponding quarter of the previous year. Net Profit for the quarter ended December 31, 2012, was INR 18.59 billion (`1,859.1 crore), up by 30% over the corresponding quarter ended December 31, 2011.
The Bank’s total balance sheet size increased by 14.4% to INR 3,837.29 billion (`383,729 crore) as of December 31, 2012. Total deposits were INR 2,841.19 billion (`284,119 crore) as of December 31, 2012. Total income for the year ended March 31, 2012, was INR 325.3004 billion (`32,530.04 crore).Leading Indian and international publications have recognised the bank for its performance and quality.For more information please log on to: www.hdfcbank.com
