History
Hdfc bank also known as the housing development and fincial corporation. HDFC was incorporated in the year 1994 with its registered office in Mumbai, India. The bank’s first fully functional corporate office and service branch was inaugurated by former union Finance Minister, Manmohan Singh at Sandoz House, Worli.
HDFC bank has a wide range of products and services comprising of:
• Wholesale banking
• Retail banking
• Treasury
• Auto loans
• Personal loans
• Loans against property
• Credit and debit card service
• Project AI- the latest addition is a service whereby the bank will offer robots at selective branches that will help in displaying the service to the customers coming into that branch.
As of August 2017, the bank has a distribution
…show more content…
Strengths Weaknesses
1. HDFC is one of the leading new age private sector bank
2. HDFC Bank has over 4500+ branches and over 12000 ATMs, in more than 800 cities in India
3. Existing CBS across its branches
4. Huge employee base i.e more than 80,000+ employees
5. HDFC has a large collaborations with corporate for employee salary accounts
6. Acquisitions have boosted the operations of the bank
7. HDFC bank has been responsible for several CSR activities and has also been recognized with several banking awards
8. It offers several services like online banking, app, mobile banking, NRI services etc 1.Rural penetration is low for HDFC as compared to nationalised banks
2.Competition from public sector and private sector banks means limited market share growth
Opportunities Threats
1.Mobile banking, internet banking etc can be a huge boon for HDFC's business
2.Venturing more into rural areas can be done by HDFC
3.Providing more complex products to the ever increasing demands of the industry 1.Competitors increasing their business can adversely effect HDFC's business
2.New banking licenses and regulations can impact operations
3.Foreign banks that offer complex
A bank has issued the largest number of ATM cards in a large urban area.
Although the parent company HSBC holdings was established in 1990,when “The HongKong and Shanghai Banking Corporation” Purchased Midland Bank of UK, and its headquarter moved to London from HongKong as a condition in the takeover deal in 1993.
Wells Fargo began in March 1852 by Henry Wells and William Fargo to service the banking needs of the West. The company not only offered banking services, but also offered express delivery services of valuables, such as gold. The company was a catalyst in delivering the mail over land and began their famous stagecoach line in 1866 (1).
The organization’s strategy plan for any gaps in social responsibility that might be potential risks to internal and external stakeholders is challenging, but this company certainly does not allow for corruption. On April 1 “India has become the only country in the world with legislated corporate social responsibility (CSR) and a spending threshold of up to $2.5 billion (Rs 15,000
“Studies analysing the bottom-line value of CSR have demonstrated that it adds substantial economic and social returns to businesses when it is carefully thought out, executed, and periodically evaluated as part of a holistic institutional policy” (Deegan, 2002; Hummels and Timme, 2004). The bank should also invest in social responsible activities to differentiate it, which can help in emphasizing Jyske’s values and differences and encouraging ethical behaviour amongst its stakeholders. These activities might seem subtle, but they have proven to be forceful signals that improve the brand image and communicate goodwill to customers. They also influence perceptions of the service quality and affects loyalty
RHB Banking Group, in steps forward to be environmental friendly organization, firmly believes in starting internally before conducting and inspiring externally. The Group recognizes the effects of a corporation can cause to the environment thus, are willing to dedicatedly applying environmental policies into processes involved and also educating workforce of RHB regarding the environment.
i) Annual CSR programs in terms of board approved CSR policies of a bank/financial institution will be drawn up and implemented by a dedicated CSR unit set up its head office; or in case of larger programs, by a foundation set up specifically for this purpose. Activities of the dedicated CSR units/ foundations will be under oversight of BB’s CSR and supervision departments, besides that of the bank’s/financial institution’s own internal audit and internal controls.
It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and standard life plc, the leading provider of financial services in the United Kingdom.
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to get an 'on a principal level ' backing from the Central Bank of India (RBI) to set up a bank in the private zone, as a noteworthy part of RBI 's liberalization of the Indian Banking Industry in 1994. The bank was initiated in the month of August 1994 for the purpose of 'HDFC Bank Limited ', with its main office in city of Mumbai, India. HDFC bank has started its activities as a Scheduled Commercial Bank in the month of January in 1995
ICICI Bank is India’s largest private sector bank. The bank has a network of 4,050 branches and 12,919 ATMs and offers customers a robust Internet banking solution. The bank has a presence in 19 countries, including its home market in India (SAP Success Story). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital, and asset management.
Since 1998, Bank of America has become one of the most successful financial institutions in the industry. With the mission to “make financial lives better, through the power of every connection”, Bank of America has maintained aligning operation with its vision. While assisting its clients understand their money, the company also puts a lot of effort into helping the communities by executing Corporate Social Responsibility (CSR). It is undeniable that the company has successfully addressed many critical problems in the environmental, social and economic arenas, as it continually receives awards and recognitions for its CSR efforts.
It has numerous strengths, but I would like to highlight main strengths of the State Bank of Pakistan Banking Services Corporation. Following are they:
The biggest threat to the operational success of the branch is the better competitor’s services. Many private sector banks are offering higher rates of return to customers than HBL of Pakistan.
With the tagline of “Loans for Every Need, Wings to Every Dream”, Central Bank of India offers a range of home loans to cater to the varying needs of different people. The Central Bank of India home loan interest rates also make them a great choice for first time home as well as experienced property buyers.
Corporate Social Responsibility (CSR) can be defines as a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. Maybank commitment to corporate responsibility is their initiate to sustain the highest standard of ethics and citizenship. Maybank core values are rooted from the organization and this is reflected in their policies and processes on corporate responsibility. Maybank sustainability strategy and approach is reliant on constantly engaging their stakeholders which in turn drives new benchmarks of excellence. Over the years their sustainability commitment has enabled them to deliver superior shareholder returns, build a diverse workforce, excel in customer service and contribute to the community. A key element in their sustainability strategy was the establishment of the Maybank Foundation in 2010. The Maybank