| Incorporated in
1977 with a share capital of Rs 100 million
(US$ 2.2 million), HDFC has emerged as India's
largest residential mortgage finance institution.
HDFC's primary objective is to enhance residential
housing stock and promote home ownership.
One of HDFC's key objectives is to increase
the flow of resources for housing through
the integration of housing finance institutions
with the domestic capital market. During the
past decade, HDFC has nurtured the development
of the housing finance |
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industry by helping
promote housing finance institutions in partnership
with commercial banks and private sector institutions.
The HDFC Board of Directors comprises of eminent
professionals from diverse fields of finance,
taxation, construction, urban policy, and
development. Chairman Deepak Parekh and Managing
Director Keki M Mistry lead HDFC's highly
experienced senior management team. The organization
operates from 66 |
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locations throughout
India, and has international offices and service
asso-ciates in Dubai, UAE, Kuwait, Oman, and
Qatar. In addition, HDFC has 80 outreach locations.
This has enabled it to reach people in over
2,400 towns and cities.
HDFC has received 'AAA' rating for its deposits
and bonds from both CRISIL and ICRA (recognized
credit rating agencies in India), representing
highest rated safety for timely payment of
principal and interest.
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