Not to be confused with Housing Development Finance Corporation.
HDFC Bank Limited
Company type
Public
Traded as
NSE: HDFCBANK
BSE: 500180
NYSE: HDB (ADS)
BSE SENSEX Constituent
NSE NIFTY 50 Constituent
ISIN
INE040A01034
Industry
Financial services
Founded
August 1994 (29 years ago) (August 1994)
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
Atanu Chakraborty (Chairman)[1]
Sashidhar Jagdishan (CEO)
Products
Consumer banking
Commercial banking
Insurance
Credit cards
Investment banking
Mortgage loans
Private banking
Private equity
Investment management
Asset management
Mutual funds
Exchange-traded funds
Index funds
Wealth management[2]
Stockbroking
Risk management
Revenue
₹4.08 lakh crore (US$51 billion)[3] (2024)
Operating income
₹766 billion (US$9.6 billion)[3] (2024)
Net income
₹640.62 billion (US$8.0 billion)[3] (2024)
Total assets
₹36.17 lakh crore (US$450 billion)[4] (2024)
Total equity
₹4.53 lakh crore (US$57 billion)[4] (2024)
Number of employees
177,000 (1 July 2023)[5]
Subsidiaries
HDFC Life HDFC ERGO HDFC Securities[6] HDFC Asset Management Company HDFC Mutual Fund HDB Financial Services[7] HDFC Credila Financial Services
Website
www.hdfcbank.com
Footnotes / references [8][9][10][11]
HDFC Bank Limited (also known as HDFC) is a foreign majority owned, Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's sixth-largest bank by market capitalization as of January 2024, following its takeover of parent company HDFC.[12][13][14] 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”.[15][16]
The bank was incorporated in August 1994 after its erstwhile parent HDFC received an 'in principle' approval from the RBI to set up a bank in the private sector, as part of its liberalization of the Indian banking industry,[17][18] and commenced operations in January 1995. With a market capitalization of $145 billion (as of April 2024), HDFC Bank is the third-largest company on Indian stock exchanges.[19] It is also the sixteenth largest employer in India with nearly 1.73[20] lakh employees.[21]
^"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.
^"Balance Sheet of HDFC Bank". moneycontrol. Archived from the original on 4 April 2020. Retrieved 7 January 2016.
^ abc"HDFC Bank Consolidated Profit & Loss account, HDFC Bank Financial Statement & Accounts" (PDF).
^ ab"HDFC Bank Consolidated Balance Sheet, HDFC Bank Financial Statement & Accounts" (PDF).
^"HDFC-HDFC Bank Merger". NDTV. Retrieved 11 March 2023.
^Securities, HDFC. "About Us". hdfcsec.com. Archived from the original on 11 January 2021. Retrieved 9 December 2020.
^"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.
^"Stocks". Bloomberg L.P. Archived from the original on 8 May 2017. Retrieved 24 October 2020.
^"Sashidhar Jagdishan to be the new CEO of HDFC Bank". Moneycontrol. 4 August 2020. Archived from the original on 11 February 2022. Retrieved 4 August 2020.
^"Sashidhar Jagdishan appointed MD & CEO of HDFC Bank; He will take charge on October 27". the hans india. 17 October 2020. Archived from the original on 20 October 2020. Retrieved 17 October 2020.
^"Composition of Board of Directors of HDFC Bank". hdfcbank.com. Archived from the original on 7 February 2021. Retrieved 23 December 2020.
^"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.
^"HDFC Ltd. to merge into HDFC Bank effective July 1, 2023". hdfcbank.com. HDFC Bank. 30 June 2023. Retrieved 6 December 2023.
^Patil, Divya; Singh, Preeti (30 June 2023). "Bank Giant Bigger Than Morgan Stanley Arises From India Merger". Bloomberg.
^"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.
^"RBI releases Domestic Systemically Important Banks (D-SIBs) of 2022". Livemint. New Delhi. 2 January 2023. Retrieved 6 December 2023.
^"About HDFC Bank". hdfcbank.com. HDFC Bank. Retrieved 6 December 2023.
^"HDFC Bank Ltd" (PDF). careratings.com. CARE Ratings. 2 May 2023. Retrieved 6 December 2023. The Housing Development Finance Corporation Limited (HDFC) was among the first institutions to receive an 'in principle' approval from RBI to set up a bank in the private sector, as part of the RBI's liberalization of the Indian banking industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited' (HBL), with its registered office in Mumbai, India.
^"Largest bank by Market capitalization". MoneyControl. Archived from the original on 6 June 2021. Retrieved 1 October 2014.
^"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.
^"HDFC Bank: Number of Employees 2006-2021 | HDB". macrotrends.net. Archived from the original on 22 May 2021. Retrieved 22 May 2021.
HDFCBank Limited (also known as HDFC) is a foreign majority owned, Indian banking and financial services company headquartered in Mumbai. It is India's...
HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFCBank, a private sector bank in India. HDFC Securities was founded...
years. HDFC Life's associated companies include HDFCBank, HDFC International Life and Re Company Limited, HDFC Pension, HDFC MF, HDFC Sales, HDFC Ergo...
HDFC ERGO General Insurance Company Limited is a 51:49 joint venture firm between HDFC and ERGO International AG, one of the insurance entities of the...
2000 was 77. On 14 September 2022, State Bank of India became the third lender (after HDFCBank and ICICI Bank) and seventh Indian company to cross the...
Reserve Bank of India (RBI), State Bank of India (SBI), HDFCBank, ICICI Bank, Axis Bank and other banks lent it support through the historic Yes Bank Reconstruction...
Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFCBank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations...
of Indian banks, including Axis Bank. Consequently, penalties of ₹50 million (US$630,000) on Axis Bank, ₹45 million (US$560,000) on HDFCBank, and ₹10...
Solutions: RBL Bank". EuroMoney. 2019. "Award winners | Best for Microfinance: RBL Bank". EuroMoney. 2019. "SBI, HDFCBank bag 'Bank of the Year' award...
The Reserve Bank of India (RBI) has identified the State Bank of India, HDFCBank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which...
later amalgamated with Oriental Bank of Commerce, IndusInd Bank, UTI Bank (since renamed Axis Bank), ICICI Bank and HDFCBank. This move – along with the...
of HDFCBank, India's largest private sector bank. He assumed this position in September 1994. Puri was the longest-serving head of any private bank in...
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services...
The Bank opened its first branch on D. N. Road, Mumbai, on 8 June 1995. In the year 2000, the bank was merged with the Indian private bankHDFCBank. The...
The following are lists of the largest banks in the world, as measured by total assets and market capitalization. This list is based on the April 2023...
HDFC may refer to: Housing Development Finance Corporation, an Indian mortgage company HDFCBank, an Indian financial services company HDFC Life, a joint...
Advisory Board Cox & Kings, non-executive non-Independent director at HDFCBank, director at IL&FS Securities Services and Mahindra Holidays and Resorts...
Bank for Africa Victoria Commercial Bank Representative offices of foreign banksHDFCBank Nedbank FirstRand BankBank of China JP Morgan Chase Bank of...
currency Time Bank Zimbabwe, a commercial bank in Zimbabwe Times Bank, a commercial bank in India, currently a subsidiary of the HDFCBank This disambiguation...
Bakter BankBank-e-Millie Afghan Brak Afghanistan Bank First MicroFinance Bank Ghazanfar BankHDFCBank HBL Afghanistan Miawand Bank National Bank Of Afghanistan...
bancassurance partners HDFCBank, SIB Bank, Federal Bank, Axis Bank Karur Vysya Bank, Bank of Baroda, Indian Bank and IDBI Bank. In May 2020, Krishnan...
positions for companies like HDFC Property Ventures Ltd., HDFC Education & Development Services Pvt Ltd. (both are subsidiaries of HDFC Ltd.) and Non-Executive...
IndusInd Bank Limited is an Indian financial services headquartered in Mumbai (Maharashtra). IndusInd Bank was inaugurated in April 1994 by then Union...
of banks & financial institutions in Bahrain as of 30 June 2015:[needs update] Central Bank of Bahrain - CBB List of banks in the Arab world Banks portal...
The bank listed its shares on the major Indian stock exchanges and on the Luxembourg Stock Exchange. On 23 May 2008, HDFCBank acquired Centurion Bank of...
only banks ahead of Airtel Payments Bank are SBI and the three largest private-sector banks – HDFCBank, ICICI Bank and Axis Bank. Indeed, ICICI Bank saw...
announced its partnership with HDFCBank, for a co-branded credit card. In 2021, the boards of both Equitas Small Finance Bank and its holding company, Equitas...
(US$41 billion), as of March 2024. As per the 2023 list of NBFCs issued by the Reserve Bank of India, Bajaj Finance Limited holds the second position in the upper layer...
Global Information
₹4.08 lakh crore (US$51 billion)[3] (2024)