HDFC Bank Limited is India's largest private sector bank by assets and market capitalization, headquartered in Mumbai. Established in August 1994, the bank commenced operations as a Scheduled Commercial Bank in January 1995. ([Wikipedia][1], [HDFC Bank][2])
### Key Highlights
* **Market Position**: As of April 2024, HDFC Bank had a market capitalization of \$145 billion, making it the third-largest company on Indian stock exchanges. ([Wikipedia][1])
* **Merger with HDFC Ltd**: In July 2023, HDFC Bank completed its merger with Housing Development Finance Corporation (HDFC Ltd), India's largest housing finance company. ([Wikipedia][3])
* **Global Standing**: As of August 2023, HDFC Bank was recognized as the world's fifth-largest bank by market capitalization. ([Scribd][4])
* **Systemic Importance**: The Reserve Bank of India has identified HDFC Bank as a Domestic Systemically Important Bank (D-SIB), indicating its critical role in the Indian banking system. ([Wikipedia][1])
### Financial Overview (FY24)
* **Revenue**: ₹3,36,367 crore
* **Net Profit**: ₹73,440 crore([Screener][5])
* **Market Capitalization**: ₹14.8 lakh crore
* **Profit Growth**: 21% CAGR over the last 5 years([Screener][5])
* **Dividend Payout**: Maintained a healthy payout ratio of 23.3% ([Screener][5])
### Leadership
* **Chairperson**: Atanu Chakraborty, a retired IAS officer, has been serving as the chairperson since July 2021.
* **Former CEO**: Aditya Puri led the bank from its inception until October 2020, earning accolades such as inclusion in Barron's Top 30 Global CEOs.
### Subsidiaries and Services
HDFC Bank offers a comprehensive range of financial services, including:
* **Retail and Corporate Banking**
* **Investment Banking**
* **Treasury Operations**
* **Insurance and Asset Management**
Key subsidiaries include HDFC Life, HDFC ERGO, HDFC Securities, HDFC Mutual Fund, HDB Financial Services, and HDFC Capital Advisors.
### Recent Developments
In September 2024, HDB Financial Services, a subsidiary of HDFC Bank, announced plans to raise ₹25 billion through an initial public offering (IPO). This move aligns with new RBI regulations requiring large non-banking financial companies to be listed by September 2025.
For more detailed information, you can visit the official HDFC Bank website
### Key Highlights
* **Market Position**: As of April 2024, HDFC Bank had a market capitalization of \$145 billion, making it the third-largest company on Indian stock exchanges. ([Wikipedia][1])
* **Merger with HDFC Ltd**: In July 2023, HDFC Bank completed its merger with Housing Development Finance Corporation (HDFC Ltd), India's largest housing finance company. ([Wikipedia][3])
* **Global Standing**: As of August 2023, HDFC Bank was recognized as the world's fifth-largest bank by market capitalization. ([Scribd][4])
* **Systemic Importance**: The Reserve Bank of India has identified HDFC Bank as a Domestic Systemically Important Bank (D-SIB), indicating its critical role in the Indian banking system. ([Wikipedia][1])
### Financial Overview (FY24)
* **Revenue**: ₹3,36,367 crore
* **Net Profit**: ₹73,440 crore([Screener][5])
* **Market Capitalization**: ₹14.8 lakh crore
* **Profit Growth**: 21% CAGR over the last 5 years([Screener][5])
* **Dividend Payout**: Maintained a healthy payout ratio of 23.3% ([Screener][5])
### Leadership
* **Chairperson**: Atanu Chakraborty, a retired IAS officer, has been serving as the chairperson since July 2021.
* **Former CEO**: Aditya Puri led the bank from its inception until October 2020, earning accolades such as inclusion in Barron's Top 30 Global CEOs.
### Subsidiaries and Services
HDFC Bank offers a comprehensive range of financial services, including:
* **Retail and Corporate Banking**
* **Investment Banking**
* **Treasury Operations**
* **Insurance and Asset Management**
Key subsidiaries include HDFC Life, HDFC ERGO, HDFC Securities, HDFC Mutual Fund, HDB Financial Services, and HDFC Capital Advisors.
### Recent Developments
In September 2024, HDB Financial Services, a subsidiary of HDFC Bank, announced plans to raise ₹25 billion through an initial public offering (IPO). This move aligns with new RBI regulations requiring large non-banking financial companies to be listed by September 2025.
For more detailed information, you can visit the official HDFC Bank website
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.