HDB Financial Services Limited (HDBFS)
HDB Financial Services Ltd was incorporated in 2007 by HDFC Bank. HDBFS is engaged in the business of financing, collection, and insurance services. HDBFS also carries a Business Process Outsourcing (BPO) business and provides back-office processing services and is also engaged in the business of marketing and promotion of the various financial products. HDBFS is a wholly owned subsidiary of HDFC Bank which holds 95.30% of HDBFS's equity shares. The product portfolio of the company consists of loans (secured and unsecured), asset finance (commercial vehicle, construction equipment & tractor loans), sales finance, fee-based products (insurance services) and BPO services. The Company has 1,468 branches in 1,070 cities in India and has its data centre at Bengaluru and Mumbai with centralised operations based at Hyderabad, Chennai and Noida.
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