HDFC Bank
Indian financial services company / From Wikipedia, the free encyclopedia
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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]
Company type | Public |
---|---|
ISIN | INE040A01034 |
Industry | Financial services |
Founded | August 1994 (29 years ago) (August 1994) |
Headquarters | , India |
Area served | India |
Key people |
|
Products | |
Revenue | ₹4.08 lakh crore (US$51 billion)[3] (2024) |
₹766 billion (US$9.6 billion)[3] (2024) | |
₹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 |
Footnotes / references [8][9][10][11] |
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]