HDFC stands for Housing Development Finance Corporation. It's a major Indian financial services company based in Mumbai. The corporation primarily focuses on providing housing loans for individuals and businesses to purchase or construct residential properties. Several sources confirm this meaning, including Vedantu, Byju's, and Shiksha.com.
It's important to note that HDFC is distinct from HDFC Bank, another prominent Indian financial institution. While related, they are separate entities. HDFC Bank, as described on Wikipedia, is a banking and financial services company, not to be confused with its parent company, the Housing Development Finance Corporation.
Key Points about HDFC:
- Full Form: Housing Development Finance Corporation
- Location: Mumbai, India
- Primary Function: Providing housing loans
- Distinction from HDFC Bank: While related, HDFC and HDFC Bank are separate entities.
