Company Directory - HDFC Bank Limited
Company Details - HDFC Bank Limited
HDFC Bank Limited
WebsiteMumbai, India
ISIN: INE040A01034
6000 Locations
One of India's leading private sector banks offering a wide range of financial services.
CCI Score
CCI Score: HDFC Bank Limited
-1.26
Latest Event
RBI Regulatory Penalty on HDFC Bank for KYC Non-Compliance
The Reserve Bank of India imposed a Rs 75 lakh penalty on HDFC Bank for failing to comply with mandatory KYC directions, notably not properly categorizing customers by risk and mismanaging customer identification codes. The penalty followed a supervisory inspection conducted as of March 31, 2023.
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BYSTANDER
HDFC Bank Limited is currently rated as a Bystander.
Latest Events
- MAR262025
The Reserve Bank of India imposed a Rs 75 lakh penalty on HDFC Bank for failing to comply with mandatory KYC directions, notably not properly categorizing customers by risk and mismanaging customer identification codes. The penalty followed a supervisory inspection conducted as of March 31, 2023.
-50
Business Practices and Ethical Responsibility
March 31
HDFC Bank's failure to comply with critical KYC regulatory directives, resulting in a significant penalty from the RBI, reflects a lapse in business practices and ethical responsibility. This non-adherence to regulatory standards undermines trust and can indirectly contribute to systemic vulnerabilities that may be exploited in authoritarian contexts.
RBI imposes Rs 75 lakh penalty on HDFC Bank for regulatory violations
- MAR262025
The Reserve Bank of India imposed a Rs 75 lakh penalty on HDFC Bank for failing to adhere to KYC regulations, highlighting deficiencies in its regulatory compliance procedures.
-30
Business Practices and Ethical Responsibility
March 31
The RBI's penalty for KYC non-compliance points to significant shortcomings in HDFC Bank's adherence to regulatory directives. Such lapses in business practices and ethical responsibility undermine consumer protections and accountability.
- MAR052025
HDFC Bank signed a Memorandum of Understanding with the Indian Air Force and CSC Academy, launching Project HAKK to provide support and services to defense pensioners, veterans, and their families as part of its Parivartan programme. This initiative aims to build economic inclusiveness and enhance community welfare among India's defense service community.
+80
Public and Political Behavior
March 22
The bank's engagement in a strategic MoU with a key government defense institution demonstrates proactive public and political behavior. By partnering with the Indian Air Force and launching a project that aids veterans, HDFC Bank illustrates a strong commitment to societal welfare and inclusiveness, which counters exclusionary and authoritarian narratives.
+80
Business Practices and Ethical Responsibility
March 22
HDFC Bank's initiative through Project HAKK reflects commendable business practices and ethical responsibility. By focusing on the economic empowerment of defense veterans and their families, the bank demonstrates a responsible approach to corporate governance, prioritizing community support and ethical inclusion over narrow profit motives.
- DEC112024
HDFC Bank received an administrative warning letter from SEBI for alleged non-compliance with regulations related to merchant bankers, issue of capital and disclosure requirements, and insider trading. The warning, issued on December 9 and received on December 11, has prompted the bank to announce that it will take necessary corrective steps.
-20
Business Practices and Ethical Responsibility
March 31
The warning letter from SEBI highlights lapses in HDFC Bank's adherence to established regulatory and ethical standards. While the bank has committed to addressing the issues, the incident reveals weaknesses in its business practices which could undermine accountability, a key element in opposing authoritarian tendencies.
HDFC Bank gets warning letter from SEBI over alleged regulatory non-compliance
- NOV142024
HDFC Bank, through its CSR initiative Parivartan, announced a robust plan to establish SMART classes in 3500 schools, provide scholarships to 25,000 underprivileged students, and ensure that 20 lakh students achieve learning milestones. This initiative reinforces its commitment to ethical business practices and community empowerment, aligning with broader anti-authoritarian and progressive values.
+75
Public and Political Behavior
November 14
The bank's highly visible CSR initiative demonstrates strong public engagement and a commitment to societal uplift through education. This proactive approach in supporting community development and collaboration with government bodies and NGOs indicates a positive public and political behavior that counters divisive authoritarian narratives.
HDFC Bank Parivartan to set up SMART classes in 3500 schools by 2025
+80
Business Practices and Ethical Responsibility
November 14
The initiative is a strong demonstration of ethical responsibility in business practices. By investing significantly in improving educational infrastructure and supporting underprivileged students, HDFC Bank showcases a commitment to social good that contrasts with corporate behaviors that might enable authoritarian practices.
HDFC Bank Parivartan to set up SMART classes in 3500 schools by 2025
+70
Technology and Services Impact
November 14
The focus on introducing SMART classes and integrating digital classrooms reflects a positive impact on technology and services. By leveraging digital tools to enhance educational quality, the initiative contributes to more accessible and modern education, which strengthens societal resilience against outdated authoritarian ideologies.
HDFC Bank Parivartan to set up SMART classes in 3500 schools by 2025
+60
Economic and Structural Influence
November 14
The substantial investment in educational infrastructure and community uplift reflects positive economic and structural influence. By aligning its programs with national initiatives, the bank is contributing to long-term socioeconomic development and stability, which undercuts the economic precursors to authoritarianism.
HDFC Bank Parivartan to set up SMART classes in 3500 schools by 2025
- MAY292021
The Reserve Bank of India imposed a Rs 10 crore fine on HDFC Bank for contravening sections of the Banking Regulation Act following a whistleblower complaint regarding irregularities in the bank's vehicle loan division. The incident led to an investigation and disciplinary action against involved employees.
-40
Business Practices and Ethical Responsibility
March 31
HDFC Bank's regulatory violation, for which it was fined by the RBI, reflects a serious lapse in ethical business practices and adherence to legal standards. The fine, triggered by whistleblower evidence and subsequent investigation into its vehicle loan division, highlights negligence in regulatory compliance.
- JUL132020
A class action suit filed in the US alleges that HDFC Bank made materially false and misleading statements regarding its vehicle loan operations and internal controls during the period from 31 July 2019 to 10 July 2020. The suit claims these misrepresentations led to a significant drop in the bank's American Depositary Receipt stock price. HDFC Bank denies the allegations and intends to defend itself vigorously.
-50
Business Practices and Ethical Responsibility
March 31
The lawsuit alleges that HDFC Bank engaged in unethical business practices by issuing materially false and misleading public statements regarding its vehicle financing operations and internal controls. Such behavior undermines corporate transparency and accountability, potentially misleading investors and impacting public trust.
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Corporation
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Corporate Financials
- Revenue
- 2023
- $10.00B
- Total Assets
- 2023
- $210.00B
- Operating Income
- 2023
- $8.00B
- Total Equity
- 2023
- $85.00B
Employees: 120,000
Industries
- 522110
- Commercial Banking
- 523999
- Miscellaneous Financial Investment Activities
- 523110
- Investment Banking and Securities Dealing
- 522120
- Savings Institutions