Chairman's Chair 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