Mr. Deepak S. Parekh takes over as Chairman from Mr. H.T. Parekh
Joing venture with GE Capital
A joint venture with General Electric Capital Corporation (GE Capital) of US to promote Countrywide Consumer Financial Services Ltd. for consumer finance.
Undertaking a comprehensive rehabilitation project
HDFC responds promptly to the earthquake that struck the people of Latur, Maharashtra by undertaking a comprehensive rehabilitation project for 339 families
First Overseas Training Programme
CHF conducts its first Overseas Training Programme on Credit Appraisal and Loan Recovery Techniques at Manila, Philippines