584.10 -4.35(-0.74%)
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HDB Financial Services Limited is one of the leading diversified retail-focused non-banking financial companies (NBFCs) in India in terms of Total Gross Loan Book Size. The Company categorized as an Upper Layer NBFC (NBFC-UL) by the RBI and mainly provides lending services and business process outsourcing services. It further provides marketing and promotion services of various financial products.HDB Financial Services Limited was incorporated dated June 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. The Company began its journey in 2007 as a subsidiary of HDFC Bank Limited, which is the largest private sector bank in India in terms of total assets of Rs 39,102 billion. In 2008, the Company opened its first branch in Chennai, Tamil Nadu. It introduced commercial vehicle loan and loans against gold in in 2010. The branch network increased to 100 across India in 2011; it launched auto loans; introduced commercial equipment loans in 2012. The branch network increased to 500 in 2015 and to 1000 in 2016.In 2016, it launched consumer durables loans in Tamil Nadu. In 2017, it introduced tractor finance loans in the states of Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, Gujarat and Maharashtra. Further, it launched digit...