The correct answer is HDFC Bank. The Housing Development Finance Corporation Limited (HDFC) was among the first financial institutions in India to receive an œin principle approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. This was done as part of RBIs policy for liberalization of the Indian banking industry in 1994. Its registered office is in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995. Additional InformationList of Indian Banks Headquarters and Key personBankHeadquarterCEO / MDHDFC BankMumbaiSasidhar JagdishanPunjab National BankNew DelhiS. S Mallikarjuna RaoICICI BankMumbaiSandeep BakshiSBI BankMumbaiDinesh Kumar KharaBank of BarodaVadodaraSanjiv ChadhaBank of IndiaMumbaiAtanu Kumar DasAxis BankMumbaiAmitabh ChoudharyBandhan BankKolkataChandra Sekhar GhoshIndusInd BankMumbaiSumant KathpaliaYes BankMumbaiPrashanth Kumar