HDFC Bank
HDFC Bank Limited (also known as HDFC) is an Indian Multinational banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's fifth-largest bank by market capitalization as of August 2023, following its takeover of parent company HDFC. 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”.
| Company type | Public |
|---|---|
| ISIN | INE040A01034 |
| Industry | Financial services |
| Founded | August 1994 |
| Headquarters | , India |
Area served | India |
Key people |
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| Products | |
| Revenue | ₹2.05 lakh crore (US$26 billion) (2023) |
| ₹615 billion (US$7.7 billion) (2023) | |
| ₹459.97 billion (US$5.8 billion) (2023) | |
| Total assets | ₹25.3 lakh crore (US$320 billion) (2023) |
| Total equity | ₹2.85 lakh crore (US$36 billion) (2023) |
Number of employees | 177,000 (1 July 2023) |
| Subsidiaries | HDFC Life HDFC ERGO HDFC Securities HDFC Asset Management Company HDFC Mutual Fund HDB Financial Services HDFC Credila Financial Services |
| Website | www |
| Footnotes / references | |
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, and commenced operations in January 1995. With a market capitalization of $140 billion (as of January 2024), HDFC Bank is the third-largest company on Indian stock exchanges. It is also the sixteenth largest employer in India with nearly 1.73 lakh employees.