HDFC Bank Ltd.

The Reserve Bank of India (RBI) has conveyed its approval to HDFC Bank for setting up a step-down subsidiary through HDFC Securities (the Bank’s subsidiary), for offering broking and clearing services in International Financial Services Centre (IFSC) at GIFT City, on the terms as prescribed by the RBI.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.