HDFC Bank

Not to be confused with Housing Development Finance Corporation.

HDFC Bank Limited
Company typePublic
ISININE040A01034
IndustryBanking
Financial services
FoundedAugust 1994 (30 years ago) (August 1994)
Headquarters
Mumbai, Maharashtra
,
India
Number of locations
India:
8,851 Branches
20,938 ATMs
Area served
India
Key people
Products
RevenueIncrease ₹407,994 crore (US$49 billion)[3] (2024)
Increase ₹76,568 crore (US$9.2 billion)[4] (2024)
Increase ₹64,062 crore (US$7.7 billion)[3] (2024)
Total assetsIncrease ₹36.17 lakh crore (US$430 billion)[5] (2024)
Total equityIncrease ₹4.53 lakh crore (US$54 billion)[5] (2024)
Number of employees
213,527 (31 March 2024)[6]
ParentHousing Development Finance Corporation
SubsidiariesHDFC Life
HDFC ERGO
HDFC Securities[7]
HDFC AMC (HDFC Mutual Fund)
HDB Financial Services[8]
HDFC Capital Advisors
Websitewww.hdfcbank.com Edit this at Wikidata

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.[9][10]

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”.[11][12]

As of April 2024, HDFC Bank has a market capitalization of $145 billion making it the third-largest company on the Indian stock exchanges.[13] It is also the sixteenth largest employer in India with over 173,000 employees, following its takeover of parent company Housing Development Finance Corporation.[14][15]

  1. ^ "RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank". thehindu.com. Archived from the original on 23 April 2021. Retrieved 22 April 2021.
  2. ^ "Balance Sheet of HDFC Bank". moneycontrol. Archived from the original on 4 April 2020. Retrieved 7 January 2016.
  3. ^ a b "HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts" (PDF).
  4. ^ "HDFC Bank Scores Strong Q4: Profits Up 37%, Dividend Declared". Bru Times News.
  5. ^ a b "HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts" (PDF).
  6. ^ "HDFC Bank Annual Report" (PDF). HDFC BANK. Retrieved 18 July 2024.
  7. ^ Securities, HDFC. "About Us". hdfcsec.com. Archived from the original on 11 January 2021. Retrieved 9 December 2020.
  8. ^ "How HDB Financial Services Can Add To HDFC Bank's Long Rally". Moneycontrol. Archived from the original on 26 April 2021. Retrieved 26 April 2021.
  9. ^ "HDFC Bank most valuable brand in India: WPP study". Livemint. 10 September 2015. Archived from the original on 28 November 2019. Retrieved 7 January 2016.
  10. ^ "HDFC Ltd. to merge into HDFC Bank effective July 1, 2023". hdfcbank.com. HDFC Bank. 30 June 2023. Retrieved 6 December 2023.
  11. ^ "RBI releases 2022 list of Domestic Systemically Important Banks (D-SIBs)". rbi.org.in. RBI. 2 January 2023. Retrieved 6 December 2023. State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs.
  12. ^ "RBI releases Domestic Systemically Important Banks (D-SIBs) of 2022". Livemint. New Delhi. 2 January 2023. Retrieved 6 December 2023.
  13. ^ "Largest bank by Market capitalization". MoneyControl. Archived from the original on 6 June 2021. Retrieved 1 October 2014.
  14. ^ "Financial Results (Indian GAAP) for the Quarter and Year Ended March 31, 2023" (PDF). hdfcbank.com. HDFC Bank. 31 March 2023. p. 4. Retrieved 16 November 2023.
  15. ^ "HDFC Bank: Number of Employees 2006–2021 | HDB". macrotrends.net. Archived from the original on 22 May 2021. Retrieved 22 May 2021.