HDFC Bank: Difference between revisions

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{{short description|Indian banking and financial services company}}
{{distinguish|Housing Development Finance Corporation}}
{{pp-protected|small=yes}}
{{Use Indian English|date=December 2020}}
{{Use dmy dates|date=December 2023}}
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| name = HDFC Bank Limited
| logo = HDFC Bank Logo.svg
| image = Icici-bandra_kurla_complex.jpg
| image_caption = Headquarters in [[Mumbai]]
| type = [[Public company|Public]]
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}}
 
'''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 [[List of largest banks|tenth-largest]] bank by [[market capitalization]] as of May 2024<ref>{{Cite web|url=http://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|title=HDFC Bank most valuable brand in India: WPP study|date=10 September 2015|website=Livemint|access-date=7 January 2016|archive-date=28 November 2019|archive-url=https://web.archive.org/web/20191128145140/https://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|url-status=live}}</ref><ref>{{cite web |url=https://www.hdfcbank.com/personal/about-us/news-room/press-release/2023/q2/hdfc-ltd-to-merge-into-hdfc-bank-effective-july-1-2023 |title=HDFC Ltd. to merge into HDFC Bank effective July 1, 2023 |date=30 June 2023 |website=hdfcbank.com |publisher=HDFC Bank |access-date=6 December 2023}}</ref>
[[Housing Development Finance Corporation]].<ref>{{Cite web |title=Financial Results (Indian GAAP) for the Quarter and Year Ended March 31, 2023 |url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Press-Release-March-2023.pdf |date=31 March 2023 |website=hdfcbank.com |publisher=HDFC Bank |access-date=16 November 2023 |page=4}}</ref><ref>{{Cite web |url=https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees |title=HDFC Bank: Number of Employees 2006–2021 &#124; HDB |website=macrotrends.net |access-date=22 May 2021 |archive-date=22 May 2021 |archive-url=https://web.archive.org/web/20210522071805/https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees |url-status=live}}</ref>
 
The [[Reserve Bank of India]] (RBI) has identified the HDFC Bank, [[State Bank of India]], and [[ICICI Bank]] as [[Systemically important financial institution|Domestic Systemically Important Banks]] (D-SIBs), which are often referred to as banks that are “[[too big to fail]]”.<ref>{{cite web |url=https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54979 |title=RBI releases 2022 list of Domestic Systemically Important Banks (D-SIBs) |date=2 January 2023 |website=rbi.org.in |publisher=RBI |access-date=6 December 2023 |quote=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.}}</ref><ref>{{cite news |last= |first= |date=2 January 2023 |title=RBI releases Domestic Systemically Important Banks (D-SIBs) of 2022 |url=https://www.livemint.com/news/india/rbi-releases-domestic-systemically-important-banks-d-sibs-of-2021-list-here-11672660568619.html |work=Livemint |location=New Delhi |access-date=6 December 2023}}</ref>
 
As of April 2024, HDFC Bank has a market capitalization of $145 billion making it the third-largest company on the Indian stock exchanges.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|title=Largest bank by Market capitalization|website=MoneyControl|access-date=1 October 2014|archive-date=6 June 2021|archive-url=https://web.archive.org/web/20210606043759/https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|url-status=live}}</ref> It is also the [[List of largest employers in India|sixteenth largest employer in India]] with over 173,000 employees, following its [[takeover]] of parent company [[Housing Development Finance Corporation]].<ref>{{Cite web |title= Financial Results (Indian GAAP) for the Quarter and Year Ended March 31, 2023 |url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/Press-Release-March-2023.pdf |date= 31 March 2023 |website= hdfcbank.com |publisher= HDFC Bank |access-date= 16 November 2023 |page= 4}}</ref><ref>{{Cite web |url=https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees |title=HDFC Bank: Number of Employees 2006–2021 &#124; HDB |website=macrotrends.net |access-date=22 May 2021 |archive-date=22 May 2021 |archive-url=https://web.archive.org/web/20210522071805/https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees |url-status=live}}</ref>
 
== History ==