HDFC Bank Limited, headquartered in Mumbai, stands as India’s largest private sector bank in terms of assets and ranks as the fourth-largest globally by market capitalisation, as of July 2023. This significant stature was achieved through its acquisition of the parent company
HDFC, solidifying its market capitalisation at USD 172 billion and placing it as the 16th largest employer in India, with an employee count nearing 1.73 lakhs. Diverse in its offerings, HDFC Bank provides a comprehensive range of financial products and services encompassing wholesale banking, retail banking, treasury operations, and lending options like automobile loans, personal loans and credit cards.
Within its wholesale banking sphere, HDFC Bank caters to an extensive clientele comprising large corporates, multinational corporations, public sector enterprises, emerging corporates, and SMEs. It offers a suite of services including loans, deposits, project finance, trade credit, and investment banking services, among others. On the retail front, HDFC Bank tailors its products and services to suit the needs of individuals, salaried professionals, small businesses, SHGs and NRIs.
Its services span savings and current accounts, diverse loan offerings, credit and debit cards, digital wallets, insurance, investment products and remittance services, all geared towards enhancing customer convenience through digital channels like mobile banking, net banking and chatbot support. Meanwhile, HDFC Bank’s Treasury Department plays a crucial role in managing the bank’s liquidity, interest rate risks, and statutory reserve requirements. It also assists customers in handling foreign exchange and interest rate risks while generating fee income from customer transactions.
This story is from the October 09, 2023 edition of Dalal Street Investment Journal.
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This story is from the October 09, 2023 edition of Dalal Street Investment Journal.
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