HDFC Bank

HDFC Bank, one of the new generation, tech-savvy commercial banks of India, was incorporated in August 1994, after the RBI allowed setting up of Banks in the private sector. It was promoted by the Housing Development Finance Corporation Limited, a premier housing finance company (set up in 1977) of India.

Currently HDFC Bank has over 750 branches in more than 300 cities in India. HDFC Ltd. India’s premier housing finance company, is introducing ‘HDFC Systematic Savings Plan’ [HDFC SSP], a first-of-its-kind deposit product, which offers a variable rate of interest. It is a monthly savings plan, where one can deposit a fixed sum every month to accumulate a larger capital for future needs. This plan will be available February 3, 2010 onwards to all resident individuals in select Indian cities where ECS facility is available.

HDFC Bank sees incredible prospect in the educational loan segment and will be concentrating on the segment over the next years via Credila financial services which deals exclusively in education loans. The bank holds 41% share in this company.

For more details, log on to www.hdfcbank.com.

Below is a list of all commercial banks in India. Just do a Google search, and go into the bank’s website to get a lowdown! Then, decide which bank you want to join!

Private sector banks

• Axis Bank

• Bharat Overseas Bank

• Centurion Bank of Punjab

• Federal Bank

• HDFC Bank

• ICICI Bank

• IDBI Bank

• IndusInd Bank

• ING Vysya Bank

• Jammu & Kashmir Bank

• Karur Vysya Bank

• Kotak Mahindra Bank

• Lord Krishna Bank

Public sector banks

State Bank of India, with its seven associate banks commands the largest banking resources in India. SBI and its associate banks are: State Bank of India, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra, State Bank of Travancore. The other big nationalised banks include Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Syndicate Bank, Union Bank of India, United Bank of India, UCO Bank, Vijaya Bank.

Foreign banks

These include ABN AMRO, American Express Bank, Barclays Bank, BNP Paribas, Calyon Bank, Citibank, Deutsche Bank, HSBC (Hong Kong & Shanghai Banking Corporation), JPMorgan Chase Bank, Standard Chartered Bank among others.

Kotak Mahindra Group

Kotak Mahindra is one of India's leading financial organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the diverse financial needs of individuals and corporates.

The group has a net worth of over Rs. 7,100 crore and has a distribution network of branches, franchisees, representative offices and satellite offices across cities and towns in India and offices in New York, London, San Francisco, Dubai, Mauritius and Singapore. The Group services around 6.5 million customer accounts.

CRISIL (Credit Rating Information Services of India Limited)

CRISIL is India's leading Ratings, Research, Risk and Policy Advisory company. At the core of CRISIL are its unimpeachable credibility and unmatched analytical rigour. CRISIL offers domestic and international customers a unique combination of local insights and global perspectives, delivering independent information, opinions and solutions that help them make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. Its integrated range of capabilities includes credit ratings; research on India's economy, industries and companies; investment research outsourcing; fund services; risk management, infrastructure advisory services and so on.

CRISIL's majority shareholder is Standard & Poor's, the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.

ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited)

ICRA was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency. The international Credit Rating Agency Moody’s Investors Service1 is ICRA’s largest shareholder. The participation of Moody’s is supported by a Technical Services Agreement, which entails Moody’s providing certain high-value technical services to ICRA. Specifically, the agreement is aimed at benefiting ICRA’s in-house research capabilities, and providing it with access to Moody’s global research base.Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.

ICRA information products, Ratings, and solutions reflect independent, professional and impartial opinions, which assist businesses, enhance the quality of their decisions and help issuers access a broader investor base and even lesser known business entities approach the money and capital markets.

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