HDFC Bank - 180 Competitors and Alternatives - Tracxn (2024)

FAQs

Who is the biggest competitor of HDFC Bank? ›

The Housing Development Finance Corporation Limited or HDFC Ltd was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.

Synopsis. Karur Vysya Bank and HDFC Life have entered into a corporate agency agreement to offer life insurance products to Karur Vysya Bank customers. The agreement will allow customers to access HDFC Life's range of life insurance products, covering protection, savings, investment, retirement, and critical illness.

HDFC is the brainchild of our Founder Chairman, the late Mr. H. T. Parekh. HDFC has come a long way since its inception in 1977, overcoming numerous obstacles in the evolution from a fledging start-up to India's leading provider of Housing Finance.

Renowned for its robust performance and innovative solutions, HDFC Bank is a key player in retail, corporate, and institutional banking. On July 1, 2023, HDFC Bank merged with HDFC Ltd., its sister housing finance company. The merger took place to provide better and more comprehensive financial services to the users.

Quick loan disbursem*nt

As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.

The HDFC SWOT Analysis has the following weaknesses: According to nationalised banks, HDFC has a lower rural penetration rate. Share of the market growth is constrained by competition from banks in both the public and private sectors.

Products - Housing Loans, Non-Housing Loan, Insurance, Mutual Funds, Fixed Deposits, Education Loans and NPS - HDFC Sales.

The People's Bank of China bought 1.01% (1,74,92,909 crores) shares of HDFC bank.

Why is HDFC merging? ›

Geographic Expansion: HDFC Bank has a strong presence in urban and semi-urban areas, while HDFC Ltd has a wider reach across both urban and rural markets. The merger allows for geographic expansion, enabling the combined entity to tap into previously untapped markets and cater to a more diverse customer base.

NEW DELHI: The government has clarified that ICICI and HDFC banks cannot qualify as Indian-owned banks as more than 74% of their equity is foreign owned.

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.

HDFC Bank shares have fallen over 13% in the past three months and more than 16% in 2024 so far. The stock has declined over 9% in one year. HDFC Bank share price fell over a percent in early trade on Monday after foreign brokerage firm CLSA downgraded the ratings and cut its target price on the stock.

In terms of asset quality, HDFC Bank exhibited strength compared to SBI. If we analyse some key ratios useful for evaluating the banking business, let's begin with the Price-to-Book (PB) value. SBI has a PB ratio of 1.63, whereas HDFC's PB ratio is 4.47.

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.

Regarding financial performance, HDFC Bank is the clear winner among the other banks, with the highest net profit and revenue. However, all three banks have a strong customer base and offer various banking services and products.