A trade name , trading name , or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name . Registering the fictitious name with a relevant government body is often required.
41-488: HDFC Life Insurance Company Limited ( d/b/a HDFC Life ) is a long-term life insurance provider headquartered in Mumbai , offering individual and group insurance services. The company was incorporated on 14 August 2000. The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn , a global investment company. As of 31 March 2020,
82-540: A 9.99% stake in Ferbine, an entity promoted by Tata Group , to operate a pan-India umbrella entity for retail payment systems, similar to the National Payments Corporation of India . On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal . As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while
123-420: A DBA must be registered with a local or state government, or both, depending on the jurisdiction. For example, California, Texas and Virginia require a DBA to be registered with each county (or independent city in the case of Virginia) where the owner does business. Maryland and Colorado have DBAs registered with a state agency. Virginia also requires corporations and LLCs to file a copy of their registration with
164-467: A DBA statement, though names including the first and last name of the owner may be accepted. This also reduces the possibility of two local businesses operating under the same name, although some jurisdictions do not provide exclusivity for a name, or may allow more than one party to register the same name. Note, though, that this is not a substitute for filing a trademark application. A DBA filing carries no legal weight in establishing trademark rights. In
205-630: A bank in the Private Sector as part of its liberalization of the Indian banking industry. The bank commenced operations in January 1995, with its registered office in Mumbai . Its first corporate office and a full-service branch at Sandoz House, Worli , was inaugurated by the then Union Finance Minister , Manmohan Singh . In February 2000, Times Bank merged with HDFC Bank, which was India's first-ever voluntary merger of banks. Times Bank
246-516: A businessperson writes a trade name on a contract, invoice, or cheque, they must also add the legal name of the business. Numbered companies will very often operate as something other than their legal name, which is unrecognizable to the public. In Chile , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Ireland , businesses are legally required to register business names where these differ from
287-712: A maiden dividend for its shareholders and in 2014 the company's assets under management (AUM) crossed Rs 50000 crore mark. In the year 2016, Standard Life Mauritius increases its stake in the HDFC Life from 26% to 35% and in Fiscal 2016 the latter establishes the first international subsidiary in the UAE, HDFC International to operate the reinsurance business which signs reinsurance treaties for two distinct lines of individual life business and enters into arrangements to offer reinsurance services for group and credit life schemes and expects
328-511: A market capitalization of $ 145 billion making it the third-largest company on the Indian stock exchanges. It is also the sixteenth largest employer in India with over 173,000 employees, following its takeover of parent company Housing Development Finance Corporation . HDFC Bank was incorporated in 1994 as a subsidiary of HDFC Ltd , which received an 'in principle' approval from the RBI to set up
369-453: A monetary penalty on HDFC Bank for failure to undertake ongoing due diligence in case of 39 current accounts opened for bidding in the initial public offer . A HDFC Bank manager was arrested on charges of fraud, involving a sum of ₹59,41,000 in Odisha . Altico Capital and Dubai 's Mashreq Bank have approached RBI, accusing HDFC Bank of violating regulatory provisions by debiting part of
410-480: A number of countries, the phrase " trading as " (abbreviated to t/a ) is used to designate a trade name. In the United States , the phrase " doing business as " (abbreviated to DBA , dba , d.b.a. , or d/b/a ) is used, among others, such as assumed business name or fictitious business name . In Canada , " operating as " (abbreviated to o/a ) and " trading as " are used, although " doing business as "
451-458: A registered legal name and a fictitious business name, or trade name, is important because fictitious business names do not always identify the entity that is legally responsible . Legal agreements (such as contracts ) are normally made using the registered legal name of the business. If a corporation fails to consistently adhere to such important legal formalities like using its registered legal name in contracts, it may be subject to piercing of
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#1732784002927492-542: A study conducted by the Brand Equity – Economic Times had put HDFC Life at 29th rank in the most trusted Indian Brands amongst the Top 50 Service Brands of 2010. The Insurance Regulatory and Development Authority (IRDA) gave accreditation to HDFC Life for 149 training centres housed in its branches to cater to the mandatory training required to be given as well as for other sales training requirements in 2009. In 2012, it
533-454: Is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered. Using one or more fictitious business names does not create additional separate legal entities. The distinction between
574-610: Is called a razón social . HDFC Bank HDFC Bank Limited is an Indian banking and financial services company , headquartered in Mumbai . It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India , and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “ too big to fail ”. As of April 2024, HDFC Bank has
615-511: Is now supported by the HDFC Bank Digital Rupee Wallet, allowing users to guarantee that payments are paid for specified purpose. Individual users can optionally design other characteristics using this capability, such as the validity period or the geographic regions in which Digital rupee can be utilized. Notable subsidiaries and associate companies of HDFC Bank include: The equity shares of HDFC Bank are listed on
656-591: Is present in 980+ cities, villages, and towns in India and supported by 16,544 employees. The company has also established a liaison office in Dubai . HDFC Life distributes its products through a multi-channel network consisting of Insurance agents, Bancassurance partners ( HDFC Bank , Saraswat Bank , RBL Bank ), a Direct channel, Insurance Brokers, MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc. and 39 partnerships within non-traditional ecosystems and an Online Insurance Platform and currently one of
697-619: Is the first private life insurance company to bring back pension plans under the new regulatory regime, with the launch of two pension plans – HDFC Life Pension Super Plus and HDFC Life Single Premium Pension Super, operating the pension fund business under the National Pension System and is the second largest private pension fund management company in India in terms of assets under management and subscribers in Fiscal 2017. The company became profitable in fiscal 2012, posting annual profit of Rs 271 crore. In December 2013 it declared
738-630: Is the sole private bank operating in the union territory of Lakshadweep after opening a branch in Kavaratti island. HDFC Bank provides a number of products and services including wholesale banking , retail banking , treasury, auto loans, two-wheeler loans, personal loans , loans against property, consumer durable loan, lifestyle loan and credit cards . Along with this various digital products are PayZapp and SmartBUY. Company also launched smart wealth app in 2024. On August 29, 2024, HDFC Bank introduced User-Level Programmability on Digital rupee. It
779-701: The Bombay Stock Exchange and the National Stock Exchange of India . Its American depositary receipts are listed on the NYSE . Its global depository receipts (GDRs) were listed on the Luxembourg Stock Exchange but were terminated by the board of directors, following its low trading volume. . In 2024, HDFC Bank temporarily suspended its partnership with Apple, which had been in place since 2019. Parag Rao,
820-466: The United Kingdom , there is no filing requirement for a "business name", defined as "any name under which someone carries on business" that, for a company or limited liability partnership, "is not its registered name", but there are requirements for disclosure of the owner's true name and some restrictions on the use of certain names. A minority of U.S. states, including Washington , still use
861-651: The world's top 100 banking companies by total assets. The combined entity had a customer base of 120 million, surpassing the population of Germany in size. The merger resulted in a substantial increase in bank headcount, with the workforce totaling 177,000 employees. The merged entity became the second-largest bank in India, trailing only the State Bank of India in terms of assets. The number of branches increased to 8,300. Shares of HDFC Ltd were delisted and shareholders were allotted 42 shares of HDFC Bank for every 25 shares of HDFC Ltd held, leading to an increase in
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#1732784002927902-557: The Group Head of Payments at HDFC Bank, stated that the bank regularly reviews its partnerships and that the decision to pause the collaboration was based on the cost-to-income ratio, which no longer aligned with the bank's strategic objectives. Rao referred to the move as a "temporary break." The partnership had made HDFC Bank the exclusive banking partner for Apple's promotional offers in India, providing HDFC customers with special benefits when purchasing Apple products. However, after
943-494: The Indian life insurance industry and entered into 125 banking tie-ups including HDFC Bank giving it access to a huge branch network. Till 2019, the insurance firm had insured 21.6 million lives in both individual and group segments, and has one of the highest margins in the business, with 24.3 percent in first half of the financial year 2019, and is regarded as one of the most consistent life insurance firms delivering efficient returns on operating Earning Value(EV) of 20 per cent for
984-418: The U.S., trademark rights are acquired by use in commerce, but there can be substantial benefits to filing a trademark application. Sole proprietors are the most common users of DBAs. Sole proprietors are individual business owners who run their businesses themselves. Since most people in these circumstances use a business name other than their own name, it is often necessary for them to get DBAs. Generally,
1025-409: The bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering. On 1 July 2023, the merger of HDFC Ltd with HDFC Bank was completed. Consequently, HDFC Bank had a market capitalisation of $ 154 billion, becoming the seventh most valuable bank in the world. HDFC Bank also became one of
1066-484: The corporate veil . In English , trade names are generally treated as proper nouns . In Argentina , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Brazil , a trade name is known as a nome fantasia ('fantasy' or 'fiction' name), and the legal name of business is called razão social (social name). In some Canadian jurisdictions , such as Ontario , when
1107-534: The county or city to be registered with the State Corporation Commission. DBA statements are often used in conjunction with a franchise . The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v. RRL Corp. , 26 Cal. 4th 261 (2001), where
1148-458: The equity capital of HDFC Bank. As of March 2024, HDFC Bank's distribution network included 8,735 branches and 20,938 ATMs (cash recyclers; cash deposit and withdrawal) spread throughout 3,836 cities and villages. The distribution network of HDFC Ltd., which consists of 737 locations and includes 214 offices of HDFC Sales Private Limited, has been integrated into the network of the Bank. HDFC Bank
1189-422: The funds the company had raised through external commercial borrowing (ECB) and parked at the bank. They claimed that HDFC bank's decision to transfer money from the account may be a violation of the RBI's end-use rule. On 27 May 2021, RBI imposed a penalty of ₹100 million on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio. The said penalty was imposed with regard to
1230-449: The last three consecutive financial years. HDFC Life's associated companies include HDFC Bank , HDFC International Life and Re Company Limited, HDFC Pension, HDFC MF, HDFC Sales, HDFC Ergo , HDB Financial Services (HDBFS), HDFC Securities, HDFC RED, HDFC Ventures Trustee Company, GRUH Finance, HDFC Trustee Company, HDFC Developers, HDFC Property Ventures, HDFC Investments, Credit Information Bureau (India) Ltd. Trade name In
1271-402: The law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. Several other states, such as Illinois , require print notices as well. In Uruguay , a trade name is known as a nombre fantasía , and the legal name of business
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1312-424: The leading financial service providers in India offering finance in varied sectors like housing , banking , life insurance and general insurance , asset management and education loans and many other products. In Feb 2023, HDFC Life launched a mini web series, "The Missing Dhula," educating on the importance of life insurance and creating awareness. The Insurance Regulatory and Development Authority (IRDA)
1353-461: The named defendant, RRL Corporation, was a Lexus car dealership doing business as " Lexus of Westminster ", but remaining a separate legal entity from Lexus, a division of Toyota Motor Sales, USA, Inc. . In California , filing a DBA statement also requires that a notice of the fictitious name be published in local newspapers for some set period of time to inform the public of the owner's intent to operate under an assumed name . The intention of
1394-523: The pension and reinsurance business to help them diversify its sources of revenue and profitability in future years. By 2017, it was the country's third-largest private sector life insurance company with a 16.5 percent share of total private-sector premiums for the Financial Year 2017 and fourth largest in the life insurance industry based on premium earned and had 66,372 individual agents across India, comprising 6.8 percent of total private agents in
1435-465: The promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. The remaining equity is held by public shareholders. HDFC Life obtained the certificate of commencement of business on 12 October 2000 and a certificate of registration from Insurance Regulatory and Development Authority of India (IRDAI) to undertake the life insurance business on 23 October 2000. HDFC Life has 467 branches and
1476-459: The surname(s) of the sole trader or partners, or the legal name of a company. The Companies Registration Office publishes a searchable register of such business names. In Japan , the word yagō ( 屋号 ) is used. In Colonial Nigeria , certain tribes had members that used a variety of trading names to conduct business with the Europeans. Two examples were King Perekule VII of Bonny , who
1517-566: The suspension, Apple was reported to have partnered with American Express , Axis Bank , and ICICI Bank to offer similar promotional benefits to its customers in India. On 2 December 2020, the Reserve Bank of India (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program, citing incidents of outages in the bank's internet banking, mobile banking and payment utility services. On 29 January 2020, RBI imposed
1558-469: The term trade name to refer to "doing business as" (DBA) names. In most U.S. states now, however, DBAs are officially referred to using other terms. Almost half of the states, including New York and Oregon , use the terms assumed business name or assumed name ; nearly as many, including Pennsylvania , use the term fictitious name . For consumer protection purposes, many U.S. jurisdictions require businesses operating with fictitious names to file
1599-557: Was constituted in 1999 as an autonomous body to regulate and develop the insurance industry. The IRDA opened up the market in August 2000 with the invitation for application for registrations. HDFC Life was established in 2000 becoming the first private sector life insurance company in India. By 2001, the company had its 100th customer, strengthened its employee force to 100, and had settled its first claim. HDFC Life launched its first TV advertising campaign 'Sar Utha Ke Jiyo' in 2005. In 2006,
1640-540: Was established by India's largest media conglomerate, The Times Group . In July 2001, HDFC Bank's ADS listed on the New York Stock Exchange after an IPO. In 2008, HDFC Bank acquired the Centurion Bank of Punjab (CBoP) for ₹ 9,510 crore (US$ 2.19 billion) in a share-swap deal, reportedly the largest acquisition in the Indian financial sector at the time. In 2021, the bank acquired
1681-553: Was known as Captain Pepple in trade matters, and King Jubo Jubogha of Opobo , who bore the pseudonym Captain Jaja . Both Pepple and Jaja would bequeath their trade names to their royal descendants as official surnames upon their deaths. In Singapore , there is no filing requirement for a "trading as" name, but there are requirements for disclosure of the underlying business or company's registered name and unique entity number. In