KBC 14: Which of the following is not a public sector bank in India?
Bank of Baroda
Canara Bank
Punjab National Bank
HDFC Bank
Answer: HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India’s largest private sector bank by assets and the world’s 10th largest bank by market capitalization as of April 2021. It is the third largest company by market capitalization of $122.50 billion on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 150,000 employees.
HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation. Its first corporate office and a full-service branch at Sandoz House, Worli was integrated by the then Union Finance Minister, Manmohan Singh.
As of June 30, 2022, the bank’s distribution network was at 6,378 branches across 3,203 cities. It has installed 43,000 POS terminals and issued 23,570,000 debit cards and 12 million credit cards in FY 2017. It has a base of 1,52,511 permanent employees as of 30 June 2022.
The bank merged with Times Bank in February 2000. This was the first merger of two private banks in the New Generation private sector bank category. HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loans, lifestyle loans, and credit cards.
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