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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.