#1
January 15th, 2018, 11:25 AM
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HDFC Bank FBAR
What do you mean by FBAR in HDFC Bank reference so would you plz let me know about the same , as my one of the friend asking me for it ??
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#2
January 15th, 2018, 11:26 AM
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Re: HDFC Bank FBAR
HDFC (Housing Development Financial Corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. As you asking here I am telling FBAR stands for Foreign Bank Account Report, and refers to TD F90-22.1 Report of Foreign Bank and Financial Accounts. In mid-2013, the form was renamed, and is now called FinCEN 114.The FBAR was devised as part of the Bank Secrecy Act of 1970 as a means to discourage and prevent tax evasion . Bank profile: Type Public Traded as BSE: 500180 NSE: HDFCBANK NYSE: HDB BSE SENSEX Constituent CNX Nifty Constituent Industry Banking, Financial services Founded August 1994 Headquarters Mumbai, Maharashtra, India Area served India Key people Aditya puri (MD) Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management Revenue 74,373 crore (US$12 billion) (2016) Profit 12,817 crore (US$2.0 billion) (2016) Total assets 86,384,021 lakh (US$130 billion) (2016) Number of employees 84,325 (March 2017) |
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