HDFC

On October 17th, 1977, it was incorporated as a Public Limited Company. It was also promoted by the Industrial Credit and Investment Corporation of India. It also got certified of commencement of business on 3rd December and provided housing finance in India. It also provided the long term housing loans mainly to low and middle-income individuals as well as corporate bodies. It also provided a modest amount of construction finance to housing developers.

1979: It introduced the HDFC Certificate of Deposit Scheme.

1983: It issued bonds of the face value of INR 5000 each for a total amount of INR 10 crores.

1984: It issued the second bonds of INR 5,000 each for INR 10 crores was floated by the way of public issue of bonds in 1986.

1985: Also, a new agreement was entered into with USAID, in which a sum of about the U.S. $25 million was being borrowed from the U.S. capital market in the year 1986-87.

1987: It issued its New Corporate Bonds - Series I for INR 20 crores. Also, VI, VII, and VIII series bonds of an amount of INR 20 crores were issued.