2Company Profile

7/31/2019 2Company Profile

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Company Profile

History:

The Housing Development Finance Corporation Bank (HDFC Bank) was

incorporated on August 1994 by the name of 'HDFC Bank Limited', with its

registered office in Mumbai, India. HDFC Bank commenced operations as a

Scheduled Commercial Bank in January 1995. The Housing Development Finance

Corporation (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 liberalization of the Indian Banking Industry in 1994.

HDFC Bank is headquartered in Mumbai. The Bank at present has an enviable

network of over 1416 branches spread over 550 cities across India. All branches are

linked on an online real-time basis. Customers in over 500 locations are also serviced

through Telephone Banking. The Bank also has a network of about over 3382

networked ATMs across these cities.

The promoter of the company HDFC was incepted in 1977 is India's premier housing

finance company and enjoys an impeccable track record in India as well as in


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international markets. HDFC has developed significant expertise in retail mortgage

loans to different market segments and also has a large corporate client base for its

housing related credit facilities. With its experience in the financial markets, a strong

market reputation, large shareholder base and unique consumer franchise, HDFC was

ideally positioned to promote a bank in the Indian environment.

The shares are listed on the Bombay Stock Exchange Limited and The National

Stock Exchange of India Limited. The Bank's American Depository Shares (ADS)

are listed on the New York Stock Exchange (NYSE) under the symbol 'HDB' and the

Bank's Global Depository Receipts (GDRs) are listed on Luxembourg Stock

Exchange.

On May 23, 2008, the amalgamation of Centurion Bank of Punjab with HDFC Bank

was formally approved by Reserve Bank of India to complete the statutory and

regulatory approval process. As per the scheme of amalgamation, shareholders of

CBoP received 1 share of HDFC Bank for every 29 shares of CBoP.

The merged entity now holds a strong deposit base of around Rs. 1,22,000 crore and

net advances of around Rs. 89,000 crore. The balance sheet size of the combined

entity would be over Rs. 1,63,000 crore. The amalgamation added significant value

to HDFC Bank in terms of increased branch network, geographic reach, and

customer base, and a bigger pool of skilled manpower.


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In a milestone transaction in the Indian banking industry, Times Bank Limited

(another new private sector bank promoted by Bennett, Coleman & Co. / Times

Group) was merged with HDFC Bank Ltd., effective February 26, 2000. This was

the first merger of two private banks in the New Generation Private Sector Banks. As

per the scheme of amalgamation approved by the shareholders of both banks and the

Reserve Bank of India, shareholders of Times Bank received 1 share of HDFC Bank

for every 5.75 shares of Times Bank.

Key Products:

HDFC Bank offers a wide range of commercial and transactional banking services

and treasury products to wholesale and retail customers. The bank has three key

business segments:

Wholesale Banking Services - The Bank's target market ranges from large, blue-

chip manufacturing companies in the Indian corporate to small & mid-sized

corporates and agri-based businesses.

Retail Banking Services - The objective of the Retail Bank is to provide its target

market customers a full range of financial products and banking services, giving the

customer a one-stop window for all his/her banking requirements.

Treasury - Within this business, the bank has three main product areas - Foreign

Exchange and Derivatives, Local Currency Money Market & Debt Securities, and

Equities. The Treasury business is responsible for managing the returns and market

risk on this investment portfolio.

HDFC Securities (HSL) and HDB Financial Services (HDBFSL) are its subsidiaries.


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Services offered by the company:

Personal Banking

Accounts & Deposits

Loans

Cards

Forex

Investments & Insurance

NRI Banking

Accounts & Deposits

Remittances

Investments & Insurance Loans Payment Services

Wholesale Banking

Corporate

Small & Medium Enterprises

Financial Institutions & Trusts

Government Sector


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Achievements/ Recognition:

HDFC Bank was the first bank in India to launch an International Debit Card in

association with VISA (VISA Electron) and issues the Mastercard Maestro debit card

as well.

2011

Financial Express Best Bank Survey 2010-11 - Best in Strength and Soundness

and 2nd Best in the Private Sector

CNBC TV18's Best Bank & Financial Institution Awards - Best Bank and Mr.

Aditya Puri, for outstanding finance professional

Dun & Bradstreet Banking Awards 2011 - Best private sector bank - SME

Financing

ISACA 2011 award for IT Governance - Best practices in IT Governance and

IT Security

IBA Productivity Excellence Awards 2011 - New Channel Adopter (Private

Sector)

DSCI (Data Security Council of India) Excellence Awards 2011 - Security in

bank

FINANCE ASIA Country Awards 2011: India - Best bank, best cash

management bank and best trade finance bank

Asian Banker - Strongest bank in Asia Pacific


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Bloomberg UTV's Financial Leadership Awards 2011 - Best bank

IBA Banking Technology Awards 2010 - Technology bank of the year, best

online bank, best customer initiative, best use of business intelligence, best risk

management system and runners up - best financial inclusion

IDC FIIA Awards 2011 - Excellence in customer experience

2010

Outlook Money 2010 Awards - Best Bank

Businessworld Best Bank Awards 2010 - Best Bank (Large)

Teacher's Achievement Awards 2010 (Business) - Mr. Aditya Puri

The Banker and PWM 2010 Global Private Banking Awards - Best Private

Bank in India

Economic Times Awards for Corporate Excellence 2010 - Business Leader of

the Year - Mr. Aditya Puri

Forbes Asia - Fab 50 Companies - 5th year in a row

NDTV Business Leadership Awards 2010 - Best private sector bank

The Banker Magazine - World's Top 1,000 Banks

MIS Asia IT Excellence Award 2010 - BEST BOTTOM-LINE I.T. Category

Dun & Bradstreet Banking Awards 2010 - Overall best bank, Best private

sector bank, Best private sector bank in SME Financing

Institutional Investor Magazine Poll - HDFC Bank MD, Mr. Aditya Puri

among Asian Captains of Finance 2010.


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IDRBT Technology 2009 Awards - IT Infrastructure, Use of IT within the

Bank and Runners-up - IT Governance (Large Banks)

ACI Excellence Awards 2010 - Highly Commended - Asia Pacific HDFC

Bank

FE-EVI Green Business Leadership Award - Best performer in the banking

category

Celent's 2010 Banking Innovation Award - Model bank Award

Avaya Global Connect 2010 - Customer Responsiveness Award - Banking &

Financial Services category

Forbes Top 2000 Companies - HDFC Bank at 632nd position and among 130

global high performers

Financial Express - Ernst & Young Survey 2009-10 - Best new private sector

bank, Best in growth and Best in strength

Asian Banker Excellence Awards 2010 - Best retail bank in India, Excellence

in automobile lending, Best M&A integration and technology implementation

The Asset Triple A Awards - Best cash management bank in India

Euromoney Private Banking and Wealth Management Poll 2010 - Best local

bank in India (second year in a row), Best private banking services overall

(moved up from No. 2 last year)

Financial Insights Innovation Awards 2010 - Innovation in branch operations -

server consolidation project

Global Finance Award - Best trade finance provider in India for 2010


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2 Banking Technology Awards 2009 - Best risk management initiative and

Best use of business intelligence

SPJIMR Marketing Impact Awards (SMIA) 2010

Business Today Best Employer Survey - Listed in top 10 best employers in the

country

2009

Business Standard Best Banker Award - Mr. Aditya Puri, MD, HDFC Bank

Fe Best Bank Awards 2009 - Best Innovator of the year award for its MD Mr.

Aditya Puri - Second Best Private Bank in India - Best in Strength and

Soundness Award

Euromoney Awards 2009 - 'Best Bank in India'

Economic Times Brand Equity & Nielsen Research annual survey 2009 -

Most Trusted Brand - Runner Up

Asia Money 2009 Awards - 'Best Domestic Bank in India'

IBA Banking Technology Awards 2009 - 'Best IT Governance Award -

Runner up'

Global Finance Award - 'Best Trade Finance Bank in India for 2009

IDRBT Banking Technology Excellence Award 2008 - 'Best IT Governance

and Value Delivery'

Asian Banker Excellence in Retail Financial Services - 'Asian Banker Best

Retail Bank in India Award 2009 '


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2008

Finance Asia Country Awards for Achievement 2008 - 'Best Bank and Best

Cash Management Bank'

CNN-IBN - 'Indian of the Year (Business)'

Nasscom IT User Award 2008 - 'Best IT Adoption in the Banking Sector'

Business India - 'Best Bank 2008'

Forbes Asia - Fab 50 companies in Asia Pacific

Asian Banker Excellence in Retail Financial Services - Best Retail Bank 2008

Asiamoney - Best local Cash Management Bank Award voted by Corporates

Microsoft & Indian Express Group - Security Strategist Award 2008

World Trade Center Award of honour - For outstanding contribution to

international trade services.

Business Today-Monitor Group survey - One of India's 'Most Innovative

Companies'

Financial Express-Ernst & Young Award - Best Bank Award in the Private

Sector category

Global HR Excellence Awards - Asia Pacific HRM Congress: - 'Employer

Brand of the Year 2007 -2008' Award - First Runner up, & many more

Business Today - 'Best Bank' Award

2007

Dun & Bradstreet American Express Corporate Best Bank Award 2007 -

'Corporate Best Bank' Award


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The Bombay Stock Exchange and Nasscom Foundation's Business for Social

Responsibility Awards 2007 - 'Best Corporate Social Responsibility Practice'

Award

Outlook Money & NDTV Profit - Best Bank Award in the Private sector

category.

The Asian Banker Excellence in Retail Financial Services Awards - Best

Retail Bank in India

Asian Banker - Its Managing Director Aditya Puri wins the Leadership

Achievement Award for India.

Key Executives:

Sr. No. Name Designation

1 C M Vasudev Chairman

2 Aditya Puri Managing Director

3 Sanjay Dongre Company Secretary

4 Renu Karnad Director

5 Ashim Samanta Director

6 Pandit Palande Director 7 Partho Datta Director

8 Bobby Parikh Director

9 Anami N Roy Director

10 Harish Engineer Executive Director

11 Paresh Sukthankar Executive Director

12 Keki Mistry Additional Director


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History:

Established in 1895 in Lahore, Punjab National Bankis one of the oldest banks in

India having a virtual presence in every important center of the country. The bank

has over 35 million customers through 4540 offices including 421 extension

counters, out of which 2/3 of its branches in rural and semi rural areas-the largest

among nationalized banks, which makes it enjoy one of the highest penetration rate

of banking activities in the country.

Punjab National Bank caters to a wide variety of audience through spectrum of

services including corporate and personal banking, industrial finance, agricultural

finance and international finance. Sitting on a vast banking resources and significant

presence in almost every lending sphere, the bank has a capital adequacy ratio

(CAR), well above the Basel-2 regulatory requirement, at 12.96% as on June 2008,

despite being exposed to numerous market and credit risk elements.

Constantly strengthening the capital adequacy ratio through internal accruals and a

regular increase in Tier 1 capital has put the bank on a very comfortable and

formidable position. Punjab National Bank has a net interest margin (NIM) higher

than the industry average due to a mix of improving yields and low cost funding base


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and has one of the healthiest low cost current account saving account (CASA) ratio

of 41.31%. It also enjoys the highest rating by all four domestic rating agencies and

one of the few banks to boast a AAA rating on its perpetual debt issue.

The bank has ambitious plans of major technological up-gradation to establish

capability of having 100,000 terminals under the Core Banking Solutions (CBS) with

a greater thrust on increasing international foot prints. The bank has successfully

migrated to the Basel 2 accord in February this year.

Punjab National Bank has always stood with the time even in the most dire of

circumstances. The bank is facing stiff challenges from its private sector

counterparts. According to the RBI data, the banking business composition breakup

between private sector banks and nationalized banks stood at 4% and 60%

respectively, But the equation has taken a paradigm shift in favour of private sector

banks owing to phased liberalization of the BFSI sector, the composition stood at

21% as against nationalized banks share with reduced 49% in 2007.

In a macro-prudential analysis of the Indian economy, it seems as the Indian banking

industry has come a long way and entered in its ever challenging growth phase in a

very prominent time as more than 49% of population financially excluded offers

immense opportunity to the bank. Pursuing its financial inclusion, Punjab National

Bank has opened more than 7.86 lakh No frills Accounts and intends to cover 30,000

villages, 75 million people by 2010 through Biometric Technology apart from


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comprehensive scheme launched for covering finance and insurance (health and life)

for rickshaw pullers, project for empowering women weavers, vegetables vendors,

etc.

The core focus of the bank will be on retaining and further improving low cost

deposits, lending to agriculture and small and medium enterprises and repositioning

of subsidiaries and joint ventures.

At the time of global financial turmoil, where the banks all over the world are

creeping under tremendous pressure, Punjab National Bank has managed to insulate

itself away from fatal transactions and has strictly adhered to the RBI guidelines.

In July 2011, Punjab National Bank agreed to pick up a 30% stake in MetLife India

which will make it the single largest shareholder in the private insurance company.

The two parties have agreed that once the deal is finalized the company will be

renamed PNB MetLife India.

Subsidiaries of Punjab National Bank:

PNB Gilts

PNB Housing Finance

PNB Investment Services

PNB Insurance Broking


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PNB Life Insurance Co.

Joint Ventures of Punjab National Bank:

Principal PNB Asset Management Company

Principal Trustee Company

Assets Care Enterprises

India Factoring & Finance Solutions

Awards:

PNB Awarded Overall Best Corporate Social Responsibility Awards 2012.

PNB Awarded SKOCH Award on Financial Inclusion 2012.

PNB Bagged Golden Peacock National Training Award 2011.

PNB bags Most Socially Responsive Bank Award 2011.

PNB receives Best Bank Award-2011.

PNB Awarded Golden Peacock HR Excellence Award-2011.

PNB Awarded "IT for Internal Effectiveness" Awards.

PNB adjudged Best Managed Bank by SCOPE.

Wind Power India 2011 Awards.

PNB Awarded SKOCH Challenger Award 2011 on Financial Inclusion.

PNB Awarded Best Technology Bank 2010.

PNB AWARDED GOLDEN PEACOCK AWARD FOR TRAINING.

PNB AWARDED NIRYAT BANDHU BRONZE TROPHY.


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PNB Received Excellent Performance in Lending Under PMEGP Scheme

award.

5th Social and Corporate Governance Award Under the Category of "Best

Corporate Social Responsibility Practice".

Skoch Awards 2010 for "Computerisation of RRBs".

Global HR Excellance Award 2010 for the outstanding Contribution to the

cause of Education.

Asia Best Employer Brand Award for Excellence in Training.

Award for Brand Excellence under Banking & Financial Services.

"CSR Excellence Award 2010".

Best use of Technology for Financial Inclusion for 2009-10.

The Banker's Almanac - Ranked 3rd amongst banking sector in India and

323rd rank in the world in 2006.

National Award for Excellence in SSI Lending- Ranked 2nd for four

consecutive years from 2002 to 2005.

The Banker, London- Ranked 386 amongst Top 1000 Global Banks in July

2005.

AC Nielson Survey - 9th amongst Top 50 Most Trusted Services Brands in

India.

Golden Peacock Award- for excellence in corporate governance in 2005.


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Key Executives:

Sr. No. Name Designation

1 Shri. K.R.Kamath Chairman & Managing Director

2 Shri. Rakesh Sethi Executive Director

3 Smt. Usha Ananthasubramanian Executive Director

4 Shri. Anurag Jain Director

5 Shri. Jasbir Singh Director

6 Shri. M P Singh Director

7 Shri. Pradeep Kumar Director

8 Shri. M A Antulay Director

9 Shri. B B Chaudhry Director

10 Shri. Devinder Kumar Singla Director

11 Dr. Sunil Gupta Director

12 Shri M. N. Gopinath Director

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