HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the fifth largest bank in India by assets, incorporated in 1994.[1][7] It is the largest private sector bank[8] in India by market capitalization as of 24 February 2014. As on Jan 2 2014, the market cap value of HDFC was around US$26.88 billion, as compared to Credit Suisse Group with US$47.63 billion.[9][10] The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India.[11]