HDFC Full Form - Housing Development Finance Corporation

by Devender

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What is the full form of HDFC?

The full form of HDFC is Housing Development Finance Corporation.

It is considered a prominent housing finance corporation that provides housing loans to middle and low-class citizens to let them buy houses and builders for building projects. They improve residential stock by increasing homeownership and by housing finance provision in an effective way.

Its headquarter is located in Mumbai, Maharashtra. As of 2022, the CEO and MD of HDFC is Sashidhar Jagdishan. It have a wide range of distributed network of 427 office that are interrelated to one another and for home loan products, they have their representative offices in Dubai, Singapore, and London.

HDFC is the first company among all that receive a principal approval of setting up private sectors bank from RBI and also it is the first bank in India which issues the master card and launched an international Debit card linked with VISA.

HDFC has an extreme list of subsidiaries for supplying loan products, banking, and insurance services.

HDFC Core values and ideals

The core value and ideals of HDFC are dependent on these 4 pillars which are:

1 Trust

2 Integrity

3 Transparency

4 Professional Service

HDFC Subsidiaries

HDFC has a long and diverse list of subsidiaries which help them to provide a wide range of services such as banking, insurance, loan, etc. Some of the popular subsidiaries are:

HDFC Bank Ltd
HDFC Holdings Ltd
HDFC Developers Ltd
HDFC Trustee Company Ltd
HDFC Investments Ltd
HDFC Venture Capital Ltd
HDFC Standard Life Insurance Company Ltd
HDFC Realty Ltd
HDFC Property Ventures Ltd
HDFC Ergo General Insurance Company Ltd

HDFC History

HDFC was established as a Public Limited Company in 1977. Here is a brief history of HDFC:

1980 - HDFC introduced the loan linked deposit scheme
1981 - Non-Resident Certificate Deposit scheme was launched by HDFC
1989 - HDFC offered two types of loans: Home Improvement Loans (HIL) and Home Extension Loans (HEL)
1994 - HDFC bank was established
2010-11 - HDFC Real Estate Destination was launched
2011-12 - HDFC Education and Development Services Pvt. Ltd. was launched to provide education loans