All branches are linked on an internet real-time basis. The bank now has an enviable network of 1416 branches distributed throughout 550 cities in India. The headquarters of HDFC Bank is in Mumbai.
As part of the Reserve Bank of India’s (RBI) deregulation of the Indian Banking Industry in 1994, the Housing Development Finance Corporation (HDFC) was among the first to get ‘in principle clearance to establish a bank in the private sector. In January 1995, HDFC Bank began operations as a Scheduled Commercial Bank. The HDFC Bank was established in August 1994 as ‘HDFC Bank Limited,’ with its registered office in Mumbai, India.
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