HDB Financial Services (HDBFS) is a prominent non-banking financial company (NBFC) in India and a subsidiary of HDFC Bank. Established in 2007, HDBFS offers a diverse range of financial products and services, including personal loans, business loans, gold loans, vehicle loans, and digital product loans. The company operates over 1,680 branches across the country, providing financial solutions to a broad customer base.
In recent developments, HDBFS has initiated plans to go public. In October 2024, the company filed for an initial public offering (IPO) aiming to raise up to 125 billion rupees (approximately $1.49 billion). This move aligns with regulatory requirements set by the Reserve Bank of India, mandating large NBFCs to be listed on stock exchanges by September 2025.
For customers seeking convenient access to HDBFS's services, the company offers the "HDB OnTheGo" mobile application. This app enables users to apply for various loans, manage their accounts, and make payments digitally. It's available for download on the Apple App Store.
