Incorporated in 1977 with a share capital
of Rs. 10 crores, HDFC has since emerged as the largest residential mortgage finance
institution in the country.
The corporation has had a series of share issues raising its
capital to Rs. 119 crores. The net worth of the corporation as at March 31, 2000 is
Rs.
2,096 crores.
PLAYING THE ROLE OF A DRIVER AND A
CATALYST
Shelter Assistance Reserve (SAR)
HDFC commemorated the beginning of its
second decade by establishing a Shelter Assistance Reserve (SAR) in 1988, with the main objects of, participating in and supporting
worthwhile projects undertaken by non-government organisations, community groups, local
bodies and others. The common thread in these activities is the attempt to address the
shelter problem in general and the peripheral issues associated with shelter needs. The
initial contribution to the fund came by way of an appropriation from the corporation's
profits
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