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HDFC Bank, one of India's leading private sector banks, was established in 1994. Its origins and development reflect the transformation of India's banking sector during the 1990s, following the liberalization of the Indian economy.

### Key Milestones in HDFC Bank's History:

#### 1. **Foundation and Early Years (1994-1999)**
- **Incorporation**: HDFC Bank was incorporated in August 1994 in Mumbai, Maharashtra. It was promoted by the Housing Development Finance Corporation Limited (HDFC), India's premier housing finance company.
- **Banking License**: In January 1995, the Reserve Bank of India (RBI) granted HDFC Bank a banking license, allowing it to operate as a scheduled commercial bank.
- **IPO Launch**: In 1995, HDFC Bank went public, listing its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO was well-received, reflecting investor confidence.
- **Early Operations**: The bank initially focused on corporate banking, capitalizing on the growing demand for professional banking services.

#### 2. **Expansion and Growth (2000-2010)**
- **Branch Network**: HDFC Bank aggressively expanded its branch network across India, establishing a strong presence in urban and semi-urban areas.
- **Technological Leadership**: The bank was among the pioneers in adopting advanced technology, offering internet banking, phone banking, and ATMs for customer convenience.
- **Merger with Times Bank**: In 2000, HDFC Bank merged with Times Bank, the first merger in the private banking sector in India. This significantly boosted its customer base and geographical reach.
- **Retail Banking Growth**: The bank expanded its focus to include retail banking, offering personal loans, credit cards, and savings accounts, gaining a diverse customer base.

#### 3. **Dominance and Diversification (2011-2020)**
- **Leadership**: Under the leadership of Aditya Puri, HDFC Bank became synonymous with stability, efficiency, and innovation. Puri served as the Managing Director from its inception until October 2020, making him the longest-serving CEO of any private bank in India.
- **Digital Transformation**: The bank introduced mobile banking apps and enhanced its digital offerings, positioning itself as a leader in digital banking.
- **Market Capitalization**: By 2020, HDFC Bank became the largest private sector bank in India by market capitalization.

#### 4. **Recent Developments (2020-Present)**
- **Leadership Change**: In 2020, Sashidhar Jagdishan succeeded Aditya Puri as the Managing Director and CEO.
- **Technological Challenges**: Despite its technological edge, the bank faced some issues with outages in digital services, prompting RBI to impose temporary restrictions on new digital launches.
- **Merger with HDFC Ltd**: In April 2022, HDFC Ltd announced a merger with HDFC Bank. This landmark deal, finalized in 2023, combined the strengths of the two entities, creating a financial services powerhouse.

### Current Status:
As of today, HDFC Bank is one of the most trusted banks in India, known for its robust financial performance, customer-centric approach, and innovative services. It operates a widespread network of branches and ATMs and continues to play a pivotal role in India's economic growth.