HDFC Securities, a subsidiary of HDFC Bank announced the opening of 11 full-fledged branches in Guwahati, Bharuch, Pune, Belgaum, Patna, Mumbai, Faridabad, Erode, Bhopal, Jamnagar and Mangalore. With the opening of these branches, HDFC Securities today has reached a landmark of 100 branches across India, covering all the major cities. HDFC Securities had 44 branches in March 2009 and 15 branches in March 2008.

New Delhi, Delhi, India, April 8, 2010 / IndiaPRLine / — HDFC Securities, a subsidiary of HDFC Bank announced the opening of 11 full-fledged branches in Guwahati, Bharuch, Pune, Belgaum, Patna, Mumbai, Faridabad, Erode, Bhopal, Jamnagar and Mangalore. With the opening of these branches, HDFC Securities today has reached a landmark of 100 branches across India, covering all the major cities. HDFC Securities had 44 branches in March 2009 and 15 branches in March 2008.

The new branches opened will offer its customers world-class services ranging from Online Trading – E-Broking – Broking Services – Personal Finance – Investment – Trade Online – Stock Broking – Research – Mutual Funds – Invest Online – Investment Basics – Financial Planning & Retail Sales. HDFC Securities also facilitates call-n-trade in Gujarati & Marathi languages.

Speaking on the occassion, Mr. Aseem Dhru, MD & CEO said, “We are happy to reach the landmark figure of 100 branches across 65 cities in India. These branches will offer a wide range of intermediary services in Equity broking, Financial Planning and Retail Sales. HDFC Securities is an efficient platform providing investment gateway for investors looking for a one-stop solution for all their investment needs. We are committed to offer our customers, world class financial products and services.”

About HDFC Securities

HDFC Securities, a trusted financial service provider, and a subsidiary of HDFC Bank is a leading stock broking company in the country, serving a diverse customer base of institutional and retail investors.

HDFC securities’ services comprise on-line buying and selling of equity shares on the National Stock Exchange (NSE) and the Bombay stock Exchange (BSE) over the internet. www.HDFCsec.com will provide the most useful investment guidance and investment-related services available in the country to meet financial needs of every customer segment in a convenient and cost-effective manner so as to become a one-stop solution for all their investment needs, one that will help them get the most out of their money.

Editor Notes

About HDFC Bank

Promoted in 1995 by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its over 18 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.

The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 13 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.

As of December 31, 2009, the Bank had a distribution network with 1,725 branches and 3,898, ATMs in 771 cities.

For the nine months ended December 31, 2009, the Bank earned total income of INR 150.24 billion (Rs. 15,023.9 crores) as against INR 142.57 billion (Rs.14,257.4 crores) in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the nine months ended December 31, 2009 were INR 89.39 billion (Rs. 8939.3 crores), as against INR 77.45 billion (Rs. 7745.1 crores) for the nine months ended December 31, 2008. Net Profit for the nine months ended December 31, 2009 was INR 21.12 billion (Rs. 2,112.1 crores), up by 30.9% over the corresponding nine months ended December 31, 2008.

The Bank’s total balance sheet size touched INR 2,045.5 billion (Rs.204,553 crores) as of December 31, 2009. Total deposits were INR 1,547.9 billion (Rs.154,789 crores) as of December 31, 2009.

Total income for the year ended March 31, 2009 grew by 58.2% to INR 196.22 billion (Rs19622.9crore) over the corresponding year ended March 31, 2008.

Leading Indian and international publications have recognized the bank for its performance and quality.

For more information please log on to: www.hdfcbank.com