HDFC Group - statistics & facts
The HDFC Group was founded in 1977 as a specialized mortgage company to address the housing shortage in India. Lending to individuals still marks the key operating area鈥痮f the company. The HDFC Group has since then developed into a financial conglomerate with diversified businesses such as banking,鈥痠nsurance,鈥痑sset management, and鈥痚ducation loans. The group is best known for its banking subsidiary, the HDFC Bank, which was founded in 1994 during market liberalization.
