How many branches of HDFC Bank in India?
HDFC Bank is headquartered in Mumbai. As of December 31, 2023, the Bank's distribution network was at 8,086 branches across 3,836 cities. Customers across India are serviced through multiple delivery channels such as Phone Banking, Net Banking, Mobile Banking, and SMS based banking.
HDFC Bank's market cap increased 12.1% to $155.91 billion, cementing its position as India's largest bank, following its merger of parent Housing Development Finance Corp Ltd in July 2023. Other large Indian banks also saw higher market caps.
As of January 2024, HDFC enjoys a market capitalization of Rs. 9.34 trillion. Headquartered in Mumbai, Housing Development Finance Corporation Ltd. HDFC is the largest private sector bank in India at present and also ranked as Number 1 Bank in India according to as per Forbes World's Best Bank survey.
No, HDFC Bank does not have physical branch in US. However, they have dedicated NRI services where users residing in USA can open NRI bank account and avail host of NRI services via HDFC's smart banking services.
Which bank is the safest bank in India? The Reserve Bank of India (RBI) regulates the safety of banks in India. Among the prominent banks known for their stability and safety measures are the State Bank of India (SBI), HDFC Bank, ICICI Bank, and Punjab National Bank (PNB).
State Bank of India (3rd largest bank in India by market capitalisation): Founded in 1955, SBI is India's largest public sector bank with 22,405 branches and a 23 percent market share. In the fiscal year 2023-24, it overtook Reliance Industries as India's most profitable company. Kameshwar Rao Kodavanti serves as CEO.
HDFC Ltd, over the last 45 years has developed one of the best product offerings making it a leader in the housing finance business. HDFC Bank enables seamless delivery of home loans as a part of its wide product suite catering to urban, semi urban and rural India.
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.
How safe is HDFC Bank?
In India, HDFC Bank has continuously been ranked among the best banks in terms of both assets and client happiness. The Reserve Bank of India (RBI) controls the bank, ensuring that it follows strict financial laws and security procedures.
Mumbai, April 11, 2019: HDFC Bank was ranked No 1 in India by customers in the 'World's Best Banks' survey by Forbes magazine. In the first edition of this survey, Forbes partnered with market research firm Statista to measure the best banks in 23 countries. HDFC Bank emerged as India's No 1 bank.
HDFC Bank scored higher in 6 areas: Culture and Values, Work-life balance, Senior Management, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Career Opportunities.
FEATURES. You can open NRI Account for Indians staying in America with HDFC Bank. Make the most of the features and benefits offered through our simple and smarter banking solutions. Effortless and seamless repatriation of funds to your country of residence through our NRE Account.
HDFC Bank executive director Harish Engineer said the agreement came about as the bank does not have a physical presence in the US.
HDFC Bank has tied up with Wells Fargo, one of the largest banks in the USA, for remittances to India.
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 AMB can differ across account variants and areas. For instance, AMB for an HDFC Bank Regular Savings Account is ₹10,000 for metro and urban areas and ₹5,000 for semi urban areas; whereas AMB for an HDFC Bank DigiSave Youth Account, is ₹5,000 and ₹2,500, respectively.
The Reserve Bank of India has approved the re-appointment of Sashidhar Jagdishan as MD and CEO of HDFC Bank. Jagdishan, a chartered accountant with over 31 years of experience, joined the bank in 1996 and has played a critical role in its growth.
- Industrial and Commercial Bank of China (ICBC) Total Assets: $6.118 Trillion. ...
- Wells Fargo. Total Assets: $1.886 Trillion. ...
- HSBC. Total Assets: $2.989 Trillion. ...
- Morgan Stanley. Total Assets: $1.199 Trillion. ...
- China Construction Bank (CCB) Total Assets: $5.376 Trillion.
Which bank in India is best?
- State Bank Of India (SBI)
- ICICI Bank.
- Axis Bank.
- Kotak Mahindra Bank.
- IndusInd Bank.
- Yes Bank.
- Punjab National Bank.
- Bank Of Baroda.
HDFC Bank is the largest private bank in India. HDFC Bank, reporting a robust revenue of ₹66,317 crore for the quarter ending September 30, 2023, maintains a widespread presence with 7,945 branches and 18,183 ATMs. Serving over 8.9 crore customers, HDFC Bank continues to be a key player in the banking industry.
There are fears that aggressive deposit mobilization or a slowdown in lending growth, or both, may be observed, potentially resulting in margin pressure for banks, including HDFC Bank. To address the elevated LDR, analysts suggest HDFC Bank needs to grow its deposit growth rate 3-4% higher than its credit growth.
According to an investor presentation on its website, HDFC's net worth, which earlier stood at ₹1.34 trillion as of 31 March 2023, will now be lower at ₹1.11 trillion as of 1 July under the IGAAP financial reporting standards after its merger with the bank.
HDB Financial Services Limited is a subsidiary company of HDFC Bank.
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